How do a person start a franchise business? What are the qualification needed for operating a good business?

Taxes? Rent? Positive and negative about a Franchise? best products to sell?

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1 Comment

  1. Internet Mentor said,

    January 30, 2010 @ 3:00 pm

    The Good:

    Established company
    Advertising program already in place
    A SYSTEM for you to follow
    Instant brand recognition
    A support structure when you need help

    The Bad

    LOTS OF MONEY to get started!
    Many of them you are buying a 75 hour-per-week job
    ZERO guarantee you will be successful
    Location Location Location – if you don’t get a good one, good luck!
    Crushing Franchise Fees (sometimes, read the fine print)
    A lengthy startup period – don’t expect to make money your first year (or more)
    A LOT of stress – you thought your DAY JOB was stressful? HA!

    As for products/services, sell what YOU KNOW! Treading in unfamiliar territory is asking for disaster.

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