Wednesday, January 18, 2012

Path to Owning a Franchise

To break down a large goal into manageable tasks is necessary to be able to confidently complete any project. It is no different for finding a franchise business that meets your goals. We've broken down the process of buying a franchise into 3 simple steps: Exploration, Evaluation and Execution. This is our proven, E3 Process.

These steps can further be divided into sub parts. The following breakdown shows the typical path toward franchise ownership.

Exploration: Explore Your Goals

Analyze Lifestyle Needs

Analyze Business Goals

Analyze current financial position and future goals

Help Determine Type of Business

Evaluation: Evaluate Your Options

Research Applicable Franchises

Obtain Franchise Packet and FDD

Speak in-depth with Franchisors

Interview Existing Franchisees

Second Interview with Franchise

Consult with Attorney and Accountant

Visit Franchise Headquarters

Execution: Execute Your Plan

Enter Into A Franchise Agreement

Obtain Real Estate

Franchise Initial Training

Complete Construction

In-Store Training

Open For Business

On-Going Support

We've developed our proven E3 process of franchise due diligence to simplify and expedite the entire process. Contact one of our FranFinders expert Franchise Consultants today for your free franchise consultation.