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Become a Franchise Owner!: The Start-Up Guide to Lowering Risk, Making Money, and Owning What you Do



Become a Franchise Owner!: The Start-Up Guide to Lowering Risk, Making Money, and Owning What you Do

Joel Libava

ISBN: 978-1-118-09402-0 December 2011 288 Pages


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.

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