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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.