Where to begin? That's the problem for so many people when they think about starting a business, or buying a franchise.
The crazy thing is that it almost doesn't matter where you begin, as long as you do!
And I don't mean "as long as you do" as a way of saying it's a mistake not to start a business, or buy a franchise. I mean "as long as you do" as a way of saying it's better to find out if business or franchise ownership is for you than to continue wondering about the possibilities until it's too late.
Should you or should you not start a business or buy a franchise? Why not begin there? It's as good a place as any, and thinking it through won't cost you any money!
People seem to assume that they can start a business or buy a franchise. It's easy enough to do either, but that doesn't mean you should. Even if you have the money, and even if you have a great education, it doesn't mean you're cut out for business ownership.
WHAT ARE THE QUALIFIERS?
Some of the wealthiest people have failed at owning a franchise; and some of the smartest people have done some of the dumbest things while owning a franchise. So money and education are not necessarily qualifiers.
That's another good place to begin. Do you have the skills to start a business or to operate a franchise? Let me tell you: Most people do not!
CAN'T TEACH THIS
Of course, (most) skills can be learned, and (some) franchisors teach franchisees the skills they need, but there's one skill in particular that can't be taught. I'll tell you about that in a future article.
If you want more great tips on how to be a savvy franchise buyer, then click here.