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December 15, 2006, Newsletter Issue #43: Cons to Franchise Opportunities
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Tip of the Week
Franchises are not for everyone. If you're someone who wants things done your own way all the time, you may be frustrated if you buy a franchise and need to do things a set way. Be aware of what requirements there are to running a franchise and make sure you are comfortable with them. Make sure you evaluate the franchisor carefully. Some are better than others.
If you just buy a franchise without careful research and due diligence, you might buy into a weak franchise that doesn't support or train you well and your income and growth potential will be severely hampered. When an existing franchise is for sale, investigate it carefully. If you have a lot of business knowledge and background, you might be better off starting your own business rather than buying into a poorly researched franchise.
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