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February 2, 2007, Newsletter Issue #50: Financial Projections When You Start Up a Franchise Opportunity
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Tip of the Week
As you investigate a franchise opportunity, make sure you get substantiation of any income numbers they share with you. Some salespeople can be pretty convincing and have you halfway to signing an agreement without having provided the cold, hard facts you need to make this important business decision.
Make sure you are provided written substantiations of any claims about income and profit projections. If a franchise skirts the issue or refuses to provide you with this information, it's time to leave them and go investigate another start-up franchise opportunity.
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