Are you interested in a business franchise opportunity? It seems as though more and more Iowans are choosing franchises as an option rather than starting businesses on their own. It is extremely to important to conduct due diligence and check out franchisors thoroughly.
Inc.com has an excellent Guide on Buying a Franchise. Topics covered include:
- Information to Secure from a Franchisor;
- Franchise Site Evaluation Form;
- 10 Common Mistakes of Prospective Franchisees;
and much more.
You should also check out my podcast with Joe Cooney of Frannet which covers some basics of buying a franchise. Joe also has a list of questions to ask franchisors. But remember, when conducting franchise due diligence there is no substitute for digging in and working hard. Above all, always interview as many franchisees as possible to get a better sense of how the franchisees themselves are performing.
* I originally wrote this post for IowaBiz.com.