Saturday, November 01, 2014
   
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Before you buy a Franchise – Do you have what it takes?

When most people think about starting their own business, it is because they have an original idea that meets a specific need, for which there is a certain level of demand.  While this may sound noble and make perfect sense to the entrepreneur, it doesn’t always make sense to lenders and investors.  Sometimes a bank will want to see a certain amount of business ownership experience before funding a totally new venture.

It is in situations like this that many people start searching for franchises for sale in a Franchises for Sale by Owner Directory, and in this economy, which is not a bad idea.  But franchising isn’t for everyone. 

Do you have what it takes to own a franchise?  Ask yourself these questions:

 

• Are you willing to promote a business and a brand that is not your own concept?

• How much enthusiasm and confidence do you have about the products and services you will be marketing?

• Are you a highly motivated person who is driven to succeed?

• How much experience do you have in the industry?

• Are you a better project manager or a better people manager?

A Franchises FSBO Directory will give you a good idea of which franchisors are out there, how much a franchise costs, and which industries you may want to consider. 

Remember, a franchise gives you a competitive edge right from the start. Because you will be working with an existing business model, you will already have some traction in the marketplace before your business opens its doors.   However, since the value of your franchise is so closely tied to the value of the brand, if the public’s perception of the brand sours you may have very little control over your own success.  Keep these thoughts in mind as you peruse a directory of franchises for sale

 

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