I am not kidding. Is not a matter of if. It's a matter of how hard. Don't buy a franchise just because it's a franchise. Buy a franchise because you feel that you have a very good control over what it will take to make it a success for you. Forget all the statistics. Forget the fact that it is the largest business model ever invented. But, don't forget that success is not automatic. It is a fair question? Has a setting to do business very rigid?
If you hit the "Yes" button, it should say that you have a long history of following the rules. But, if you do not, why would you hit it? Does he hit because you are "well" with the rules? Or you hit this button because you will follow the rules, and you are used to doing this? Do not press button "Yes" because you were reduced to 10 months ago-and you are looking for a job has reached new lows.Do not press button "Yes" because you have the ability to follow the rules ... but only in certain cases.Do not press button "Yes" because you feel that if you don't do something, you'll lose it. If you press "no", we are making.
If you buy a franchise-and you should never have, it is hell to get out of it. As a matter of fact, there really is no leave a franchise. As soon as you sign your contract, your franchise agreement is compromised. It's not like you can call one of the franchise executives at Headquarters and tell them that you would like a refund, because "things just are not working as planned."
You can file this nutty idea in the folder "'ll never to happen" located at the top of his dresser. And, feel free to ask your local neighbourhood franchise attorney what was your experience with customers who wanted to make a clean exit from their franchise business. Now, I don't want you to get the impression that franchising is evil. Is not.
The rocks of the franchise industry.
It's just that you signed a legal document. And, this document clearly states that you are legally obliged to operate your business for 5-10 years.
Official franchise agreement example
"Except otherwise provided for in the agreement, unless terminated earlier in accordance with the terms and conditions of this agreement, the term of this agreement is 10 ten years from the date on which the Office first open for business or such month under time provided for rental or sublet to facilities."
This is one hell of a sentence. (Looks like a paragraph for me, too.) And, you would take a hell of a "hit" If you don't honor your franchise agreement. (Translation: If you walked away from your business.) This is because unless you were able to sell their franchise to someone, (which would have to be approved by your franchisor) you would still be required to pay for marketing, advertising, rent, your small business loan, royalties, ... everything. So, make sure that you are a fit for franchise ownership. So, you won't have to take a hit. Invest a little money now, so that you don't have to later.