Franchising provides a great opportunity for you to take on a ready-made business model and prove your entrepreneurial skills. Here are seven tips for prospective franchisees.
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2. Taking the plunge? Then choose wisely
3. What are you getting for your money? - read the small print
4. What’s your exit strategy? - ask the question
5. Up and running? - then be the best
6. Want lasting success? Never forget the importance of marketing.
7. Keen to grow? - then support other franchisees
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1. Be prepared to learn new things.
2. Communicate with the franchisor.
3. Network with other franchisees.
4. Adjust your business plan.
5. Decide what to do with your profits.
6. Manage your employees.
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