If you are considering purchasing a franchise, it is very important to make an informed business decision. Clients work with me for many reasons, and here are the most common:
Looking for Knowledge – Most people have heard about franchising, but many don’t know the details. Franchise consultants educate you on all aspects of franchising and are available to lend their perspectives as questions arise.
Impact of Decision – For most people, selecting a business is one of the most significant decisions one can make, and this one decision will have long-term consequences on their lives.
Mitigation of Risk – Franchise consultants provide you the knowledge and support through the franchise buying process, helping you assess and calculate potential risks.
Time – The franchise investigation and evaluation process can be very time-consuming. Franchise consultants help reduce the time wasted on franchise concepts that are not a good fit for you.
Uncertainty – Many people looking for a business may not know whether it is the right time if they have sufficient capital, what funding options are available or what franchises would be a good fit. I help bring clarity to those questions and concerns through education and collaboration.
Whether it’s your first time or you’ve owned businesses in the past, it is not an easy task. I help people understand what franchising is about and what it will take to succeed, based on their personal, lifestyle, and financial goals. I am also prepared to let you know if franchising may not be for you if you do not have the required skills, ability, personality, or capital needed to succeed.
-Confidential Questionnaire Completion (20-30 minutes)
-Franchise Consultation (60-75 minutes)
-Franchise Options Review (60 minutes)
-Franchisor Investigations (4 to 8 weeks)
The initial phase with your consultant (the first three steps above) does NOT take very much time. The real-time commitment is when you begin interacting with franchisors. Each franchise company has a specific process required of franchise candidates that wish to be awarded a franchise. Just know that you can stop the process at any time for any reason; ultimately, you control the process. My next blog will cover answers to franchising questions I receive frequently.
If you’re ready to transform your life by owning a business created to help others transform theirs, let’s talk. Schedule a call with me https://calendly.com/scottmilas/ .