Buying a franchise is a complex, long-term investment that has the potential to change your life. If your business succeeds, you may never have to work for someone else again. If it doesn’t, you could lose your investment, and you could find yourself bound by strict non-competition covenants that prevent you from using what you’ve […]
7 Potential Red Flags During Franchise Due Diligence
When you are thinking about buying a franchise, due diligence is the process of gathering the information you need to make an informed buying decision. While buying a franchise is inherently a risky endeavor, there are certain factors that can make a particular franchise opportunity riskier than others. In some cases, there may be enough […]
5 Major Mistakes to Avoid Sinking Your Franchise Before You Even Open for Business
If you are thinking about buying a franchise, the decisions you make now could have significant consequences for the success or failure of your business down the road. From choosing the best franchise opportunity for your personal traits to negotiating critical protections into your franchise agreement, the more effort you put into making a smart […]