What franchise is right for you? To answer that question, you need to do a thorough investigation. At the outset, this process should include exploring different franchise systems and industries online, attending franchise conferences and events, brushing up on franchise terms and terminology and creating a short list of the top franchise options that are consistent with your long term business and personal lifestyle goals, skill set and financial situation.
Then, it’s time to start asking some questions of your own. We’ve already covered some of the key questions to ask franchisors, but it’s just as important to ask the right questions of existing franchise operators. After all, nobody can give you the inside scoop like someone who is inside the system.