The StartupNation Blog Trends, tips and real-life anecdotes from industry experts

I Have the Best Franchise Idea Since McDonald’s

How many times have you heard that from your friends, relatives at Thanksgiving dinner or even someone you just met for the first time? You just gotta love their enthusiasm.

The thing is, they just might! How do you know if your idea (or Uncle Ralph’s) has some beef behind it or is as soggy as wilted lettuce?

That’s the question that a real small business owner in Toronto asked in the StartupNation community forum. There are clear strategy steps to take to determine if your business idea will turn you into the next Ray Kroc. We can all learn from the path others have taken, and from the questions they’re asking.

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Maybe your idea will ultimately bring about a question as powerful as "Would you like fries & a Coke with that?"

About the Author: Joel Welsh

Joel Welsh, Chief Community Officer, is also the CEO of a new startup company ... Showcase U. Joel shares behind the scenes key decisions being made in the "Birth of a Startup" and knocks it out of the park to [...]

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