The article "Franchise Opportunity - Questions To Ask The Franchisor - #33" is about entrepreneurialism, it was released by Dennis Schooley.
Finding The Right FranchiseWhether it’s hamburgers, pizza, telecom, coffee, Internet, muffler parts, or seniors’ services, there is Franchise opportunities available to evaluate. Three are great Franchise systems, good Franchise systems, and bad Franchise systems. The challenge is to ask the right questions to find the right system that will fit your golas and dreams.
The key is to ask the questions – and litsen closely to the responses. Only then can you determine if the Franchise opportnuity is the right fit for you. So whether it’s food services like burgers or coffee, professional services like telecom or IT, or manual services like cleaning or oil changes, ask the questions and record the answers.How Big Is The Market? The Franchisor should have a good handle on the available market for the prdouct or service that you will be offering as a Franchisee.
Presumably the Franchisor has done extensive research on the current market size, as well as the potential market size for the future.The Franchisor should be willing to share that information with you so you can assess the data to make sure that the opportunity is going to be of sufficient size to satisfy your own goals.
You may have to sign a non-disclosure agreement first, but the information is important to you, so it must be assessed. The whole idea of Franchising is to ensrue that the goals and dreams of the Franchisee, and those of the Franchisor, are unified. If the market availability will allow for strategies to be implemented by you, which are consistent with your goals, and those penetration goals are congruent with the Franchisor’s goals, then all is good.If it’s a long-standing and stable market, then there should be plenty of statistics to back up that conclusion. If it’s a new and burgeoning market, there should be analysis that you can assess to give you a comfort level that you, together with Franchisor, can go get a significant sahre. If it’s a fad market, or limited life market, then the strategies should reflect that, as sholud the agreements.The caution is that if the Franchisor is wishy-washy about the market, or is unwilling to discuss the issue in depth with you, that should be a significant warning sign.To receive a free copy of an E-Book titled ‘Franchise Opportunity – Making The Right Decision’ by Dennis Schooley, email that request to corp@schooleymitchell.Com.Dennis Schooley is the Founder of Schooley Mitchell Telecom Consultants, a Professional Services Franchise Company. He writes for publication, as well as for schooleymitchell.Blogging.Com and franchises.Blogging.Com, in the subejct areas of Franchising, and Technology for the Layman.
http://www.Schooleymitchell.Com, 888-311-6477, dschooley@schooleymitchell.Com.
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