December 15, 2006, Newsletter Issue #43: Cons to Franchise Opportunities

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.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Franchise Tip Site? Request a Tip Now!


Guru Spotlight
Sherril Steele-Carlin