Sometimes the perfect franchise opportunity for you to buy isn’t the most obvious franchise, the most popular franchise, or the trendiest franchise. Sometimes the perfect franchise for you to buy is a lesser-known franchise opportunity in an obscure industry. Or it may be in a mainstream industry, but it’s not... View Article
Listen to us on: In this episode of the How To Buy A Franchise Show, internationally recognized franchise author, speaker and consultant, Dr. John P. Hayes, asks: “Do you have the right personality to be a successful franchisee?” Listen to this week’s podcast for the answer.
You’ve got it all, or do you? You’ve got the money, the time, the passion, the interest to buy a franchise, but do you have the “must have” skill to succeed as a franchisee? Many people, maybe most people, don’t! It’s a big reason for failure in franchising. Without this skill you don’t have much chance for success in franchising. In fact, without this skill you shouldn’t invest in a franchise at all. Know what it is?
Franchise & Business Owners: Don’t Worry About Passion
“Your passion for your business is most critical because it will drive your eventual success.” So said an “expert”. Who comes up with this stuff? It reminds me of the “expert” who said that most businesses fail for lack of cash flow. Huh? Most businesses fail because the business operators had... View Article
Be careful about who you talk to when you interview franchisees. “After talking to your franchisees, I’ve decided this isn’t the right business for me.” As a former franchisor, I occasionally heard that statement from prospective franchisees, and I always asked, “Who did you talk to?” Sometimes the prospective franchisee... View Article
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