Franchises come with their own set or risks, warns the Puget Sound Society of Certified Financial Planners. What's more, the franchisers themselves have been know to fail. Also, keep in mind that a franchise operates under the restrictions of a larger corporation. Pick the franchise that's right for you. Typically, you'll work 12 hours a day, seven days a week getting up and running.
Salespeople promote franchises at expositions and seminars around the country.
Don't rely on oral promises and claims of fact. Franchisers must give you names of at least 100 current franchise owners. Obtain a copy of the Federal Trade Commission's booklet on franchises. Have an attorney and accountant review your franchise contract. It is always better to be safe than sorry.