Sunday, November 22, 2009

Seventeen Steps to Franchise Ownership

1. Follow your passions
2. List industries that interest you
3. Understand the franchise type that is best for you
4. Find franchise listings – franchise.org, aafd.org, americasbestfranchises.com, franchisehelp.com
5. Get an idea of franchise costs
6. Determine your income requirements
7. Assess your assets
8. Contact multiple franchisors
9. Fill out franchisor forms
10. Hire an experienced franchise attorney
11. Pre-qualify with a lender
12. Contact current and former franchisees
13. Talk to Potential franchisors
14. Work in a franchise
15. Visit the franchisor’s corporate headquarters
16. Examine the franchise agreement
17. Sign the franchise agreement

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