How to Open a Franchise
It's easy to see why thousands of new franchises open across the globe every year. Franchise businesses have the advantage of an established, well-known brand and the support of a successful parent company. However, despite these advantages and the popular conception that franchises are a "safer" investment than traditional small businesses, the success rate of the two remains about the same. Even with the support of an experienced company behind you, you'll need significant investment capital, lots of hard work, and a shrewd business sense to turn a profit as a franchisee. 1. Becoming a Franchise Owner Becoming a Franchise Owner a. Contact your desired franchise business(es). Start your journey to franchise ownership by meeting with franchise businesses that interest you. Schedule appointments with representatives from your chosen franchises to learn the requirements to open your own franchise. Ask for statistical data about the franchise's opera...