What you should know to succeed in your franchise

Startups are hot right now. Everybody wants to be an entrepreneur. But startups are hard. @luketucker A franchise is easier right?

Let’s start with your dream

Do you want to be your own boss and set your own work goals?

Goals 1. Start late 2. Finish early

Do you fantasize about an income that allows you to have a designer wardrobe or fly first class?

Do you hate getting up in the morning to face your dead-end job? Want to put your energy into something that motivates, challenges and drives you to dreamed of luxuries?

Have you been made redundant and want to turn that money and the next ten or twenty years of your life into something productive?

You think buying a franchise may be the answer to your dreams because there are plenty of success stories from burger chains to real estate to retail and cafés.

You’ve heard that franchises have anywhere from 80% to 95% better success rates than independent startup businesses.

This is the #1 myth about franchises. Objective studies have concluded that independent and franchised businesses fail at similar rates.

Don’t rely on a false sense of security about the risks you are taking when you invest your tens or hundreds of thousands of dollars into a franchise.

Remember a franchise does provide a proven framework which makes getting into business easier than a startup. But is a franchise right for you?

First, do a thorough appraisal of your own qualities. Successful franchisees share five essential qualities.

Franchisees are: 1. Motivated and enjoy hard work. 2. Welcome challenges. 3. Self-reliant team players. 4. Cool in a crisis. 5. ‘People-oriented’ with high levels of energy and positivity.

Second, become familiar with the six most likely causes of franchise failure.

Third, discover the seven major pitfalls to beware of when becoming a franchisee.

Fourth, learn the eight key advantages franchisees have over going into business for themselves.

While many people dream of having their own business only a few actually take action to make it happen.

There can be no success without action. Are you ready to take action? Then you are ready to succeed.

Find the right questions to ask to be ready to succeed in my new book:

Available from:

� Amazon US � Amazon UK � Amazon

Australia � Nook � Apple

Elleby Harper loves the possibility that there may be a kernel of information or inspiration in her writing that connects with a reader.

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