If you aren’t already aware, the website, Google has the capability of being your best friend. Its search abilities are legendary, though at times it seems to be quite an underutilized asset in your quest for entrepreneurism. The sheer amount of information that you can pull down with just a few carefully placed keystrokes is nothing to be taken lightly. In today’s FranNet blog edition, we’re going to go over a few things you should Google before you begin a franchise search of your own.
Google: “The ABCs of Franchising”
You’re liable to come up with all kinds of search results for this one, but we’ll cut to the chase. Since franchises are regulated by the Federal Trade Commission (FTC), you can familiarize yourself with an A-to-Z look at the concept and process of franchising by visiting their microsite, A Consumer’s Guide to Buying a Franchise. It will likely be the most unbiased look you can get. If you find yourself wanting even more unbiased backup, check out the International Franchise Association’s Franchising 101 site. Really good stuff, here…
Google: “Writing a Business Plan”
If you’re interested in franchising, you’ll be following a strict system designed specifically to operate smoothly. But you’ll still need a business plan of your own, especially if you need to secure financing from an outside source. The United States Small Business Administration (SBA) has a fantastic tutorial available on their website. Features include a 30-minute video tutorial which will cover all of the basics for you.
Google: “How to Finance a Franchise”
In the world of franchising, you’re putting up money and finances to buy into a brand with proven systems. While franchises come at all ends of the cost spectrum, it’s still a personal investment that deserves the utmost due diligence and consideration. Assess what you already have in the way of funds and decide how high of a bar you can afford. Both the Wall Street Journal and the International Franchise Association have website information which can be invaluable to your learning curve. You’re likely to discover that there are more ways to pay for a franchise than you currently realize…
Google: “Mistakes to Avoid When Buying a Franchise”
You’ll want to get out ahead of this one for sure. In doing a little bit of research on the most common mistakes made when buying a franchise, you’ve upped your chances of not adding your own name to the list. It could be a most helpful exercise in preparing you for the road to entrepreneurship.
We hate to toot our own horn here---aw, who are we kidding, it’s our blog, right? As a budding entrepreneur, we want you to be successful. If you make a no cost, no obligation appointment with one of our qualified franchise consultants, we’ll help you assess your current situation top to bottom. We’ll find out together if franchising is right for you. And if it is, we’ll help you locate the kinds of franchise concepts that fit your specific business owner profile. The world of navigating the franchise game can get complicated, but it’s our aim to simplify things for you, your family and your supporting cast. And if you’re satisfied with our efforts to assist you and happen to one day get the keys to your own franchise operation, be sure to put in a good word for us. We’re here to help.
Let’s chat! There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here and find your local consultant right now!