Venturing into the world of franchising could be the right move for an entrepreneur who likes the idea of an already-established business formula. Jack Burris, a StartupNation blogger and a partner in the Franchise Business Review, explains what franchising is and what every entrepreneur should consider before hopping on the franchise wagon.
During the show, learn how important it is to:
- Be open to many options : there are 2,500 concepts from which to choose
- Check out the actual business model and find a good fit.
Then, look at the concept that appeals to you. Interview other owners in that chain and gauge their level of satisfaction
- Sync up your franchise opportunity with your personal objectives : ask yourself what you are looking for and find it