Living Entrepreneurship Blog / Babson Entrepreneurs

10 Tips To Keep In Mind Before Buying A Franchise

You decided to go with a franchise, that is great. But, picking a franchise that will be successful depends on quite a few different things, 10 more important ones to be exact. Should go over the 10 tips as to how to find a good franchise before getting into something you didn’t want. First is to make sure that franchise gets good reviews for their products and services by the CUSTOMERS. Second is finding out how many franchisees that have been there for some time now. Third is if the franchisor introduces new products regularly.
4. The franchisor keeps meetings at a regular basis.
5. Making sure the franchisor doesn’t spend more time needed for details on operations.
6. The franchisor lets the owners have some flexibility for their local marketing.
7. The franchise owners have easy access to their ‘boss’.
8. Prices stay reasonable for the current markets.
9. The supervisors that come from the franchise will actually not only listen and act on your concerns and help you out but also spends time with you so that you actually feel like you are a part of something.
10. If the franchise is working on stores nearby, don’t take it.

Danny Wong
runs a custom dress shirt startup that makes amazing tailored men’s shirts, that are incredibly affordable dress shirts. Add a custom monogram and stylize your dress shirt’s pockets too. They are also creating a blog on personalized products called REcustom soon.