A Collection of Resources Related to Owning Your Own Franchise
I have selected hand-picked resources for this post related to owning a franchise, but first, a few brief points to consider.
When starting a new business it takes time to get customers through the door and get your name out in the marketplace. Another aspect of starting a new business is you have to have enough money to carry you over until revenue comes in.
A franchise is a great way to get started in business because when you purchase a successful franchise, it has a proven model that’s already profitable, and known. Therefore, unlike starting a business from scratch, when you open your doors to your franchise, you start to bring in revenue.
Naturally, there are pros and cons to owning a franchise, for example:
- Franchise fees.
- You’re restricted by how you operate your franchise.
- There a set of rules you have to abide by.
- It takes a significant investment especially for a high-end franchise
On the plus side
- A successful franchise is already known and when you open your doors, you’re ready to generate revenue.
- As a franchise owner, you benefit from corporate advertising and marketing campaigns.
- A successful franchise has a proven business model that works, is already profitable, and well known in the marketplace.
- More in the resources to follow.
Resources
Have a look at the resources I have selected for this post that will give you a strong overview of what’s involved in owning and operating a franchise.
Pros and Cons
Pros and Cons of Buying a Franchise
Should I Buy a Franchise? The Pros and Cons of Franchising
Thinking About Buying a Franchise? Consider These Pros and Cons | Bplans
What You Need To Before Becoming A Franchise Owner
7 Things You Need to Know Before Becoming a Franchise Owner
The 10 Top Things to Know Before Becoming a Franchise Owner
12 Things To Do Before You Buy A Franchise
What Does It Take To Run A Franchise
How to Succeed As a Franchisee – Small Business – WSJ.com
What are the Keys to Franchise Success? | International Franchise Association
The Top Traits of Successful Franchise Owners
The six key success factors for franchises – SmartCompany
Why a balanced relationship is key for succeeding as a franchisor, franchisee | Fast Casual
Costs
The Costs Involved in Opening A Franchise
Cost of Fast Food Franchise – Business Insider
Franchise Costs – Information and Statistics | FranchiseDirect.com
Mistakes To Avoid
15 Mistakes to Avoid When Starting a Franchise
Common Mistakes to Avoid When Franchising Your Business
Common Mistakes Made by Franchise Buyers | Franchise Doctor | Atlanta & Denver
4 Mistakes That Will Sink Your Franchise Dreams
Finding A Franchise That Works Best For Your
How to Determine Which Franchise Business is Best for You | Inc.com
8 Steps to Finding the Franchise That’s the Best Fit for You
How to Choose the Right Franchise
How to Choose a Franchise Consultant | International Franchise Association
How to Find Good Franchise Opportunities
Franchise Directories
Franchise Directory – Find Your Perfect Franchise Opportunity | FranchiseDirect.com
Franchise Opportunities by Industry
Franchise Directory – Complete List of Business Opportunities
The Franchise Directory powered by The Franchise Expo
How To Buy A Franchise
Guide to Buying a Franchise – FranchiseDirect.com
Buying an Existing Franchise, Part 1 – Purchasing an Existing Franchise
5 Biggest Mistakes People Make When Buying a Franchise | Inc.com
Reasons You Should Buy a Franchise (and Reasons You Shouldn’t)
How To Sell A Franchise
3 Unique Ways to Sell Franchises
Sell Your Operating Franchise in 3 Simple Steps
5 Tips to Selling Your Service to Franchisees | Franchise Doctor | Atlanta & Denver
Can You Sell a Franchise? | Inc.com
How To Get Out of A Franchise Deal
Terminating a Franchise Agreement: How to Get out of a Franchise Business
Options for Getting Out of a Franchise Agreement | Franchise Law Firm
How do you get out of a franchise? – Franchise Business
Getting Out of a Franchise Business – Leaving a Franchise Business – Entrepreneur.com
How To: Getting Out of a Franchise Agreement | Legal Advice
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