Franchise options abound in today's economy. However, a closer look reveals that not all franchises are created equal.
Working in the franchise market has various advantages, including certain recession-resistant brands, inexpensive start-up costs, and little overhead. Furthermore, working your own hours and making your own decisions may provide you with a richer quality of life.
I'd like to share the story of one of my successful franchisees, Sujatha, with you. Below are his thoughts.
Question: What were the top three things (characteristics) you were looking in a business?
Answer: I was looking for a good concept, business model and infrastructure/leadership team.
Question: Did you experience fear/hesitation/anxiety at some point?
Answer: Yes, a few days before closing.
Question: How did you deal with it?
Answer: I revisited the pros and cons of the venture, spoke to Ryan, and other franchisees.
Question: How valuable did you find talking with franchise owners?
Answer: It helped me to validate my understanding and brought clarity to my selection of the Franchisor.
Question: Anything especially surprising or interesting?
Answer: Interesting was the leadership team and infrastructure (includes the funding options).
Question: Did you feel well equipped at the start of the validation process?
Answer: Yes
Question: When did you know that this was the right franchise for you?
Answer: When I looked at the proforma, validation call and finally the discovery day.
Question: Now that you have gone thru my process, What advice would you have for someone that is thinking about owning a franchise?
Answer: Go to person is Ryan Perry.
Let me help you find your path to franchise ownership. Please schedule a brief call here.
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