Things to Consider When Selecting a Franchise Issue Questions to Ask

Things to Consider When Selecting a Franchise
Issue Questions to Ask
Investment How much do I have to invest?
Will I need financing?
Will I purchase the franchise by myself or with others (partners)?
Skills &
Knowledge
What industry experience is required by the franchisor?
What skills do I have that can be applied to this franchise?
What specialized knowledge do I have?
Goals Am I interested in getting into a particular industry?
Am I interested in retail sales or providing a service?
Do I want to operate the business myself or hire a manager?
Will the income from the franchise be adequate if it is my only
source of income – or does the franchise need only to serve as a
source of supplemental income?
Am I interested in owning just one franchise unit or several?