Ed recently downloaded a copy of my 2015 Best-seller, Franchise Warnings from www.franchisewarnings.com
He wrote me an e-mail saying that he was looking at
franchises and enjoyed the book. He
thought that the central theme of the book was ‘do your homework.’
It’s not. The book’s
purpose was to dispel the myth that buying a franchise is less risky than
starting a business from scratch. Watch
the video here: https://youtu.be/JUItDU5cn-E
Ed also asks what I would look for if I were buying a new
franchise. Interesting question.
My first idea is that I would want a fee based franchise
over a royalty based one. It allows you
to grow the business and keep more of the gravy for yourself.
Secondly, I would need to ensure that the business systems
were actually provided and worked well.
I know of a two franchises who provide no operating manual and one where
the systems are very poor. (I’m sure they’re not alone.)
For my third item, watch the video ;)
To learn
more about buying a business, visit www.BusinessBuyerAdvantage.com
If you’d like to learn how to create high returns by making
local private lending and lease deals, check out http://www.LocalInvestingCourse.com
The Local Investing Academy starts at the end of September. For a quick introduction, read Invest
Local. It’s available from Amazon stores
worldwide or as a .pdf here: https://gum.co/quoB
Please remember to like and share this article, it’s the
only way the people who run the internet have of knowing if the content is any
good or not. The more you share, the more likely someone who needs this
information will be able to find it.
If you would like to hear from me weekly before anyone else,
you can sign yourself up at www.DavidCBarnett.com
Do you live in Toronto or the Maritimes? I’ve got workshops coming up for Toronto in
September on buying and selling businesses and in October-December in the
Maritimes. Book now http://davidbarnett.eventbrite.ca
Thanks and I’ll see you next time.
No comments:
Post a Comment