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January 12, 2007, Newsletter Issue #47: Evaluating a Fanchise Business
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Tip of the Week
When evaluating a franchise business, investigate the franchise's experience. Just because someone has grown a successful business does not automatically mean they can successfully turn into a franchise business.
Find out how long a business has been offering franchises and get some hard facts and figures about those franchises. Managing a chain of franchises requires a distinct set of skills. Investigate their experience and success rate. Ask the hard questions before you make any decisions. Investigate any and all available franchise information is a good business decision.
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