We have spoken to hundreds of Franchise owners and the support from their Franchisor varies greatly. While many Franchisors talk about “Turn Key Franchises” most leave quite a bit of items for the new Franchisee to figure out. Among the most common services you will need to obtain on your own:
- Digital Marketing
- Legal and setting up your LLC or corporation
- Basic Accounting
- Office maintainance and set up
- Real Estate negotiations
While every franchise varies from Franchisor to Franchisor, a common theme is “My Franchisor did help me with this.” This can be very frustrating after you have spent much of your savings buying a Franchise.
When researching a Franchise to buy, we suggest you obain a list of the items the Franchisor offers and the items you will have to obtain yourself.
To get a running start on business, you will need to understand the basics of business operations and spend the majority of your time building your business.