Nine Must-Follow Rules for Franchise Success

December 13, 2010  |  

(Entrepreneur) — 1. Know thyself.  Choose a business in which you really believe you can excel–a business that matches your singular set of skills and interests as closely as possible. Assess your strengths, weaknesses and blind spots. Visit existing units of the franchises you’ve targeted and talk to the franchisees. Are they like you? Are they more driven or far more laid-back? Volunteer to work in a franchise for a few days, then decide if you’re truly passionate enough to own one. As Houston franchise attorney Richard Solomon puts it: “If you just like soup, buy a bowl of soup. Don’t buy a franchise that serves it.”

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