TRANSITIONING… into A Franchised Business

When examining franchised businesses, you want to consider several different aspects of your transition to make sure there is a strong match between you, your desires and goals and the respective business that you are studying. Here are some of those considerations:

• Will this business meet my personal goals and my financial objectives?

• How big is the market for the goods and services offered by this business ?

• Can I use this business to support my family?

• Will I enjoy “going to work” building this business?

• Am I psychologically prepared to change careers?

• Do I have the discipline to build a business, even with strong support from the company’s home office?

These are a few sample thoughts taken from a paper entitled “Transitioning into A Franchised Business” written by Dr. Michael A. Riddiough, a franchise consultant with over 25 years of franchising experience.

To order a complete copy of this piece CLICK HERE