to Avoid

Why Do Some People Pick the Wrong Franchise?

Posted by Ed Teixeira May 16, 2014

The franchise industry certainly doesn’t lack the resources for guiding individuals towards making the right franchise decision. There are countless articles, numerous books, the FTC, State and franchise industry websites that provide advice and strategies for prospective franchisees. The Internet is replete with articles both favorable and unfavorable about franchisiors and franchisees. These resources if utilized can help to lower the risk of failure faced by potential franchisees. However, in spite of this, some franchisees will still fail. In many cases, these failures are the result of other factors, rather than the result of a lack of information, guidance and resources. A prospective franchisee needs to avoid the pitfalls that can result from choosing and investing in the wrong franchise.

3 Mistakes That Will Bankrupt Your Franchise

Posted by Josh Brown December 20, 2013

As a business owner you will make many mistakes. This is to be expected. If you are not making mistakes, learning, and moving forward; you are doing something wrong. Part of owning and building a successful business is trying things. Sometimes the things you will try fail. Buying a franchise is no exception. Even though you are buying a “proven business model”, there are still going to be many decisions that you will need to make on a daily basis that no system, no matter how fine-tuned, can adequately account for. Some will work. Some won’t. This is ok.