Save yourself time, effort, and money by finding out if franchising is for you!
Contains a special bonus section for military veterans! Are you considering a franchised business? Find out today if you are a good fit for franchising with this short and easy to read handbook. Cultivated from nearly 30 years in the franchise business - Lonnie has assembled the 10 most common assumptions and mistakes that people make while considering a franchised business.
The Top 10 Mistakes List
Being an Entrepreneur vs. Frantrepreneur
Franchise systems don’t want their wheel reinvented; they want people who can make the wheel turn faster.
Confusing a franchise with a job
If you only want to work 8-5, don’t apply for a franchise.
Assuming you can just try it out awhile
Franchise Agreements typically average 10 years in length, so be prepared for a long-term business.
Not being financially prepared for the investment
Starting a business takes cold hard cash - be ready for that.
Working in the business – Not on it
Franchise systems want business builders - not business workers.
Going it alone
You will be doomed for failure if your spouse or partner does not support your business interests.
Sticking to what you know
What you’re good at doing today, may not be the best franchise for you.
Having lone wolf syndrome
Franchising is about consistency and teamwork – you will need to get along with others.
Not sharing your information
Be prepared to share personal information with a franchise company.
Expecting automatic success
Franchise systems provide you the tools – you still need to use them and build a business.
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