The definitive A-to-Z guide to researching, selecting, and starting a viable franchise business
With more and more professionals looking for alternatives to traditional corporate employment, Become a Franchise Owner! informs would-be franchise owners of the joys and perils of purchasing a franchise. Authored by a trusted, feisty, tell-it-how-it-is independent franchise industry insider, this book offers straightforward, step-by-step tips and advice on how to properly (and carefully) research and select a franchise business.
Get tips on how to locate information about franchises, current industry trends, interviews with franchisors, and hot franchise opportunities.
Offers a self-evaluation to discover if you are "franchise material"
Describes how to choose the right franchise for your specific situation
Lists the 40 crucial questions to ask current franchise owners
Owning a franchise isn't for everyone; in fact, as Joel Libava says, "it's really not for most people." But if it is for you, this book can guide you in starting your own successful franchise business.
Joel Libava, widely known as The Franchise King (R), helps unlock entrepreneurs from the shackles of a typical 9-to-5 routine to become successful franchise owners, through his advisory services, media appearances, blog, and self-produced videos.His Franchise King blog was named one of the 75 Best Business Blogs of 2010 by Business Pundit. He is a member of Jim Blasingame's Brain Trust (R), the largest collection of small business experts in the world, and was named "The Franchise Expert in Residence" for the award-winning Small Business Trends website. He assisted the team at Guy Kawasaki's Alltop.com in assembling a franchising webpage, featuring top franchise industry blogs/resources, and he contributes articles about franchising to the award-winning Open Forum by American Express website, as well as for the Community section of the U.S. Small Business Administration's website, SBA.gov.
Foreword by Rieva Lesonsky xi Acknowledgments xv Introduction 1 1 About James 7 2 A Brief History of Franchising, Briefly 29 3 Take the Franchise Quiz! 39 4 Explained: The Franchise Business Model with Benefits 51 5 Are You Right or Wrong for Franchise Ownership? Reviewing the Quiz s Results 71 6 Search for a Franchise without Searching for a Franchise 81 7 Do We Have a Match? 97 8 Show Me Your Money 117 9 Should You Have One of Those Free Franchise Consultations? 141 10 It All Comes Down to Your Franchise Research 157 11 Loans, Legalities, and Luggage 197 12 Decision Day 227 Final Thoughts 241 A Royal Collection of Resources for Franchise Buyers and Franchise Owners 245 Attention Franchise Buyers! 251 Index 253