When you perform due diligence
in considering a franchise one thing you should do is to talk to a number of
people who already own the specific franchise you are looking at. They are
already engaged in the business and have formed valuable opinions. It is up to
you to select these people, calibrate and evaluate the input they provide. As
with most financial discussions there will likely be some hesitancy, so tread
lightly.
Here are some of the questions
to consider asking:
How is working with company X?
Does the company serve your
needs?
How long will it take to break
even?
Would you recommend this
business to your best friend?
Do you have any advice?
Steve Koenig, SCORE Counselor
Visit us at:
www:scoresouthflorida.net
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