The Unofficial Guide to Opening a Franchise
The inside scoop... for when you want more than the official line!So you dream of escaping the 9-to-5 rat race, starting your own business, and becoming your own boss, but you don't have a clue where to start. Opening a franchise-based business can lower your start-up costs and reduce the time, hassle, and risk associated with getting a new business operational. A franchise offers training, support, a proven business model, and the closest thing possible to a turnkey solution for achieving success. There are more than 3,000 different franchise opportunities in more than seventy-five industries, including packaging and shipping, tax preparation, maid service, fitness, car care, and more. Featuring exclusive, in-depth interviews with a wide range of franchising experts, this book gives you a first-hand perspective plus valuable tips and strategies for success. It provides the guidance you need to choose the right franchise, select a prime location, market your business, and get it up and running efficiently. You'll learn all about financing, essential business skills, hiring and managing employees, working with suppliers, and even preparing for your grand opening. This guide includes:Vital Informationon things to look for when evaluating franchise opportunities—and where to lookInsider Secretsfrom successful franchisors, franchisees, and franchise consultantsMoney-Saving Techniquessuch as using a franchise attorney to help you review the UFOC (Uniform Franchise Offering Circular) and finalize your Franchise AgreementThe Scoopon the latest trends, plus profiles of the top twenty-five franchises in AmericaHandy Worksheetsto help you examine your goals and opportunities, evaluate financing options, develop a realistic business plan, and more