The four primary avenues to becoming an entrepreneur are:
where you create everything yourself
based on your past skills and contact network
which is often priced too high
Each solution has its pros and cons, but buying a franchise can eliminate many big headaches.
No need for you to:
- Research whether or not there is market demand for your product or service
- Create all of the operating systems, yourself
- Locate and evaluate qualified vendors and suppliers, on your own
- Develop and test all of the marketing programs, alone
- Make the numerous trial-and-error mistakes that all start-up owners experience
What is a franchise consultant?
Someone who offers you:
- A No Cost / No Obligation service
- Experienced support as you navigate a myriad of choices
- Trusted advice while keeping you on the right path
- A personal advocacy coach who will identify potential red flags
SFG’s consulting service is similar to a real estate broker while searching for a home:
You don’t pay anything
You give them the needs and wants in your ideal home
They narrow down your search
You explore several homes to refine your wishes
When you find your dream home, the seller pays the commission, not you
What are the four simple steps for buying a franchise?
1. Talk to a few franchisors that check-off your “needs” and “wants” boxes
2. Talk to some franchisee owners about their experiences in the business
3. Attend a company Discovery Day / Open House at the home office
-
- Meet the corporate executives, operations and training personnel
- The franchisor can meet and approve you
- Get your final questions answered
4. Consult with professionals:
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- Franchise lawyer (FDD and Agreement review)
- Lending expert
- Accountant / financial advisor
