Advice or opinion on buying a franchise
In part 4 of a series titled Top Ten Provisions to "Never" Negotiate in a Franchise Agreement, advice is given from the franchisor attorney's point of view that is apparently meant at the same time to be illuminating to a franchisee. Before signing your franchise agreement, consult a franchisee attorney who is going to be on your side.
Franchisors love rankings. Visit any well-known franchisor’s website and see a laundry list of rankings purporting to provide third-party validation of the franchisor’s superiority.
The rumor is that it's almost easier to pass through the eye of a needle than to become a Chick-fil-A franchisee. Many apply, but few are chosen.
My latest blog in Forbes provides a process that prospective franchisees can follow in order to find the lowest risk franchise startups with the best potential.
"I have seen myths before in franchising with disastrous consequences"