Choosing to buy a Franchise: choose carefully
Congratulations on making the decision to begin looking at becoming a franchisee. MSA suggests that you begin your exploration of franchising by becoming educated on the subject. There is a lot of information available online at websites like the International Franchise Association (www.franchise.org), which provides an online seminar about franchising. Our website provides an extensive Franchise Library of articles on many franchising topics that you may find interesting and informative.
Of course, MSA is partial to Franchising for Dummies, the must-read book that Michael Seid, MSA Managing Director, wrote with the late Dave Thomas, founder of Wendy's International, as a primer to franchising for both franchisees and franchisors. All net proceeds from sales of that book go to charity. The recently published Franchise Management for Dummies, co-authored by Michael Seid and Joyce Mazero, is also an excellent resource for anyone interested in becoming a franchisee.
Once you have a good understanding of franchising, you are ready to begin your search for a franchise opportunity. To help you, MSA has developed the Making the Franchise Decision workbook below, which provides guidance and advice on the investigation and selection of a franchise that will meet your needs and expectations.
This free workbook is a tool for you to use in evaluating the different franchisors you will be looking at. It is not meant to give you the answer to your most important question: Which is the best opportunity for me? That is a wholly personal decision, since what is important to one potential franchisee may not be as important to another.
Download Making the Franchise Decision Workbook »
Good luck on your exploration of franchising. Take your time. This is an important decision for you and your family.