Small Business Resources, Business Advice and Forms from AllBusiness.com

Selecting a Franchise

Friday, February 1 2008
default_80
Nick Bibby

Ask a Franchising Question?
Send AllBusiness a Confidential E-Mail

What fundamentals should be considered when selecting a franchise?

 

Whether a person is considering a franchise or some other type of business, the first step should always be personal planning not business planning.

 

Two basic questions flow from good personal planning. They are: Should I really be in business for myself? And if so, what type of business might best suit my style?

 

My fous program for Emerging Entrepreneurs helps people come to grips with those questions.

 

Once a good personal analysis is completed, then choosing the right type of business is not terribly difficult. But then comes franchise due diligence, and that's a whole different ball of wax.   

Latest Comments in  posts

No Comments Yet.

You must sign-in or sign-up to comment on this post.

Small Business Expert
rlesonsky_80
Ask Rieva Lesonsky, Our
Small Business Expert,
Your Question
Sales Expert
krosen_80
Ask Keith Rosen, Our
Sales Expert,
Your Question
Business Travel Expert
krosen_80
Ask Ken Walker, Our
Business Travel Expert,
Your Question
Finance Expert
sthacker_80
Ask Sam Thacker, Our
Finance Expert,
Your Question
Invention Expert
Ask Stephen Key, Our
Expert on Licensing Your
Invention, a Question
How Much Training Do Franchisors Offer?
Interview with Nick Bibby, a franchise expert with the Bibby Group.