Only Work With Local Franchise Specialists
****Use Local Services******Use Local Services
If you have decided that franchise ownership may be for you, do you feel it makes sense, at least logically, to seek out people in your local area that know about the franchise industry? Maybe you feel that it is not important to work with local resources. Let's look at the top 5 reasons you should consider changing your thinking:
1. Local resources in franchising know what types of franchise concepts already have a large presence in your local area. {Or are about to!}
2. Local resources in franchising know what gaps exist in your local market, and have access to the concepts that can help fill those gaps.
3. Local resources in franchising know the franchise history of your local market. They have seen the concepts that have failed, and they have seen the concepts that have prospered.
4. Local resources in franchising know the franchise industry trends, and can help you get involved in them, immediately.
5. Local resources in franchising need you to succeed. After all they live in your local market, also. If they help you find a franchise that you ultimately decide to invest in, if you do well, the local area does well. If you do not do well, the area suffers, you suffer, and this resource suffers, also. Local resources have real skin in the game.
There are several other reasons to work with a local franchise resource, including:
1. Access to proven local lenders
2. Access to your area's best in franchise legal resources
3. Access to great local accounting and tax firms
There are a lot of so called franchise "specialists" in the industry. Most of them work from home, and "dial for dollars." If you have been looking online for a franchise, you have probably received these phone calls. 9 times out of 10, these "specialists" are from out of town. {Usually way out of town}
They are out to make a sale, and if they do, will never have skin in the game, locally. What are the chances that an out of town franchise broker/consultant knows anything about your local area? None!
Another thing for you to think about is this:
Do you really want to share your personal and financial data with someone who may be 1500 miles away? If this broker succeeds in "making the sale", do you think you will ever hear from them, after you start your franchise? If you fail, it is no skin off of their backs! You never met them face to face, and never will.
Hopefully, for your sake, you will choose to only work with a knowledgeable local franchise specialist. Since this is your money you may decide to risk, I suggest that you have a list of questions to ask a local franchise specialist about their experience, and their length of time as a franchise specialist.
If you decide to start exploring franchise ownership opportunities, start with your local resource. They know your area, and there is nothing like a face to face meeting, in a real office. Investing in a franchise is serious business. Work with local resources.
{I specialize in the Northeast Ohio market area, and will be happy to answer your franchise questions, anytime. Since I really know what works and what doesn't work franchise-wise in Northeast Ohio, I am only comfortable working with you if you live here, or are moving here, However, I have been in franchising long enough to have a network of franchise resources all over the US. {Even Canada}
Contact me if you would like to talk and see if it may make sense to work together, in Northeast Ohio, or to get referred to a franchise specialist in your area. Call my Toll-Free Franchise Line at 1-800-460-8299, or email franpro at sbcglobal dot net}
