123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Real-Estate-and-Foreclosure >> View Article

Checklist Before Buying A Franchise.

By Author: Ashil Patel
Total Articles: 33

Hello everyone,

If you are planning to buy a franchise and you are not sure how to go further, please check following steps. What should you do before buying a franchise?

There are mainly three steps.

1) Identify
• Identify yourself: Are you ready to take franchise opportunity? It’s like starting your own business. Are you ready for that? Are you ready to work with different sections like marketing, finance, management etc.? If you find answer is yes, proceed for next step.
• Identify Industry: Are you ready to take franchise opportunity to this/that industry? Do you know industry? Do you know how does industry work? If No, are you able to get proper training to start with it? Will you get required knowledge? If your answer is yes, proceed for next step.
• Identify Franchise: Are you ready to take opportunity with this company? Do you know company very well? Is it global brand or local brand? Is it profit making? If they provide necessary training? If you find answer is yes, proceed for next step.
2) Understand
• Understand Industry: Understand how industry works. Once you got idea about the, proceed for next step.
• Understand Franchise: Understand how Franchise you are looking for works. Do they provide sufficient training? Do they provide enough marking stuff? Do have enough support structure? If you find answer is yes, proceed for next step.
• Understand the Competition: Understand the competition you are going to face. Understand how you are going to face them. Are you ready to jump into competition? If you find answer is yes, proceed for next step.
• Understand about Investment: Understand what investment you need to do? Are you able to incur such investment? After investment, do you have enough money for daily or monthly expanse for a year. If you find answer is yes, proceed for next step.
• Understand Legal terms: Understand how legal terms defined. Understand paper work involved. If you want changes, request them for sufficient changes. Are you fine with all legal terms? If you find answer is yes, proceed for next step.
• Understand Profit: Understand profit of this Franchise. After all investment, all planning and monthly work expenses when you will start making profit? What will be profit ratio? Are you happy with such duration when profit starts percentage of profit? If you find answer is yes, proceed for next step.
3) Decision
• If you have identified all correctly and your all answers of 1) Identify are yes, And if you have understood correctly and your all answers of 2) Understand are yes, you are ready to take franchise.
• If any of the answer is No, recheck it again till you fine all answers are yes, you are ready to take franchise.
• If any of the answer is No and your recheck doesn’t find answer Yes, You should not opt for this franchise opportunity.

Once you buy a franchise, work smart and hard. You are ready to conquer the world.

Total Views: 123Word Count: 474See All articles From Author

Real Estate and Foreclosure Articles

1. Service Apartment For Rent In Bangalore And Mangalore
Author: Paul Wright

2. 2 Phong Cách Thiết Kế Phòng Khách Chung Cư Eco Lake Theo Xu Hướng Trẻ Trung Của Năm 2017
Author: thiết kế phòng khách

3. Top 7 Popular Area For Best Pg’s In Bangalore ( Real Example Inside)
Author: Adaalo

4. Signature Millennia Coming Up With A New Project In Gurgaon Name Signature Global The Millennia
Author: TWINKLE SINGHAL

5. Get A Premium Life At Lodha Lakeshore Greens Dombivali- Flats In Mumbai At Affordable Price
Author: RedCoupon

6. Right Time For Independent Living In Kelowna
Author: Adam Levine is the author of this article

7. Be New Technology Savvy & Have A Proper Business Plan
Author: National Institute of Building Technology Nashik

8. Boerne Texas Listing Agent Can Help You To Find The Best Cordillera Ranch Homes For Sale!
Author: Richmond Frasier

9. Sean Zarinegar: Going Where Opportunity Takes Him
Author: Sean Zarinegar

10. How To Find Out How Much Lease & Office Space We Need?
Author: novel office

11. Best Residential Projects In Gurgaon, Sohna Road
Author: golflinks

12. Incredible Piece Of Home Full Of Luxury And Elegance
Author: Shourya Group

13. A Perfect Home With Lavish Living Ensconced In Bountiful Comforts
Author: Shourya Group

14. Sell Your Property In Downtown Dubai
Author: Arash Jalili

15. Find Best Home Builders To Buy Your Dream Home
Author: roberrtdixo

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: