i am thinking about opening a franchise, can someone please help?

Question

i am not sure what franchise just yet, but if someone could give me a description (does not have to be brief) about what the proccess is from start to finish, 1st buying franchise to actually running the business. please be specific. if you could refer me to some webcites that would be very helpful. again i just would like to know the steps after purchasing my franchise to actually running the business. thank you
if you feel that it is important to start at the purchasing of the franchise thats fine; otherwise you can begin your steps after the purchase. dont think about capital to invest or anything like that. i just need the steps.

ok use mc donalds, wendy's, 7/11 as examples or you can just pick one of these, i just need the steps from start to finish. thanks
i will give best answer to the one who is the most thorough

Answer 1

I'd recommend checking out Entrepreneur magazine first, they always have great featured articles on tons of existing franchises and their ratings, not to mention all the associated websites you'd need to check them out. There is no one general process as every franchise has a process of its own. Some offer more training the others. Be VERY cautious getting into a franchise though for one very good reason....there are lots of laws that limit the amount of information a company can provide you. For example, franchisors are not allowed to tell you how much money you can make because they know that companies often mislead people, but at the same time, this makes it very difficult to know what you're getting into. My best advice after doing lots of research online and narrowing it down to which ones you think you like the best would be to contact current owners of those franchises and try to get an honest opinion. You'll probably end up taking them out for dinner or something nice as a professional courtesy for helping you with your list of questions. Good luck!

Answer 2

Although they are always nice I am not on the hunt for the best answer, more so I am looking to help you find a resource that is going to be as informative as possible.

I am a multiple franchise owner and when I was starting out, I used Franchise Gator as my resource for researching not only franchising as a whole but also individual franchises.

The website is really thorough and has some great information, it was basically all I needed beyond some testimony from other franchise owners on their experiences.

I hope this is of service to you, the website URL is, http://www.franchisegator.com.

Best,
Jennifer Sands

Answer 3

Some people spend years learning the answer to your question. And it depends on the specific business you choose. If you buy a good franchise, the franchisor will train you and help you. And there are seminars, classes and books that will help.

Answer 4

your larger cities will have conferences on this exact topics and hundreds of franchise's will be there trying to get you to buy theirs and they will walk you through the whole process. Try getting on the conference website and look at their scheduled events. Its probably only going to be in your major cities. I know Washington DC has one every year. The easiest way of doing it is to just buy into or buy an existing one.

Answer 5

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