Investing in a franchise

The job market is tough these days and so, some job seekers are considering entrepreneurship. Buying a franchise operation might be something to consider.  The business model is already in place and the groundwork has already been done. If it’s been in  existence awhile, you should be able to analyze its track record to see if the business model makes sense. The franchisor has a program in place plus they might offer training and even financing.
You still have to do your homework though. You need to understand the industry and business. Is the investment something you can afford, what are your cash flow projections and expected ROI? Is this business recession proof?
Running your own business can be time-consuming and stressful. Are you prepared for that commitment.
Those are just a few of the considerations one must ponder and there are many more.  The franchise industry has a web site, www.franchise.org with a searchable database of franchise businesses.

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About suzanne kaller

Business Librarian at Arapahoe Library District in the suburbs of Denver, Colorado. Engaged in business outreach and general reference serv

Posted on June 2, 2009, in business and tagged . Bookmark the permalink. Leave a comment.

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