I’ve been witness to many franchisees who failed to complete thorough due diligence on a particular franchise and simply “taken the leap.” Big mistake. Here are several tasks that you absolutely must complete (and receive answers to your satisfaction, of course) before signing the Franchise Agreement.
1. You will need to present clear documentation of your financial affairs. Franchisers will want to see that you are financially secure before they will award you a franchise.
2. Review the FDD (Franchise Disclosure Document, provided by the franchisor to prospective franchisees) carefully. Among other details, look for any litigation issues, the franchisor’s… Continue reading
A franchise business opportunity is a good idea for someone who wants to start his or her own cleaning company. However, what exactly makes a good franchise? There are a few things to consider. The foremost factor is that you will want a cleaning company with a well-known and respected name. An established brand will help significantly when you first begin your business venture.
You want a cleaning company that has franchised before, with a solid starting package in place and a willingness to support you all the way. Being the first to try out a franchise business opportunity is… Continue reading