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How to Set Yourself Up For Failure
1. Choose a franchise for yourself in which you have industry experience. Example: Early on in Sylvan Learning Center ’s growth, a large number of teachers invested in this franchise. Certainly made sense...familiar business, love of teaching, love of children etc. The problem was the new franchise owners {the teachers} spent all their time “teaching”, not running and growing their business. 2. Positive/strong emotional ties to product or service are main decision making criteria. Example: Dairy Queen. You LOVE ice cream, and have been to a DQ...
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Franchise Basics. 5 Basic Types Of Franchises
There are well over 3,000 different choices in the world of franchise ownership. Where does one even begin??? A good place to start is learning about the 5 basic categories in franchising today. There are certainly subcategories galore, and some evolving franchise models, but this is a good...
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