For most people with each New Year comes a New Year’s resolution. Common resolutions are to lose weight or quit smoking, but for some people it may be to be your own boss. Becoming a franchise owner allows you to do that. There are many things to consider when deciding if being a franchise owner is for you.
The type of market you want to be a part of is the first thing that should be considered. Having some knowledge of the industry helps in running your own business. Location is another important factor in this decision making process. For most franchises, the right location is key to success. After you have made these decisions there is some final paperwork that has to be done. Typically two weeks before you sign a franchise agreement, you'll receive a Franchise Disclosure Document (FDD) from the franchisor, as mandated by the Federal Trade Commission. Some of the jargon used in the FDD may not be common knowledge, but there are websites that can break it down. Making the decision to become a franchisee can change your life for the better.
Three Tips for Finding a Franchise Location http://www.entrepreneur.com/article/218184
How to Read a Franchise Disclosure Document http://www.entrepreneur.com/article/222438
16 Common Franchise Terms: Explained http://www.entrepreneur.com/article/224571