10 Signs of a Great Franchise
I saw this short list on a franchise rating website and I thought it was right on the money in terms of the 10 things to look for in a potential franchise. I personally think some of the things on the list are in the wrong order, but all ten items are great ones. The only other I can think of that is missing is the use/availability of technology since I believe that all franchise businesses should be leveraging the advantages technology provides. Without further adieu, here are their top 10 things to look for in a potential franchise:
- Responsiveness during the investigation process
- Direct operational training
- Other training
- Marketing programs
- Real estate and construction assistance (if applicable)
- Financing assistance
- Litigation history
- Financial strength of the franchise company
- Financial strength of the unit operations
- The attitude of the existing franchisees
