How Should I Evaluate a Franchise Opportunity?
Finding a franchisee role that suits you requires some thought prior to beginning your investigations. You need to figure out what you like doing in a business role, what you're good at, what you hate doing or aren't good at, what hours you want to work, what sorts and numbers of employees you are comfortable managing, and other workstyle preferences. There are many factors involved in forming the franchisee role in any business, so you need to ask lots of questions to determine a typical "day in the life" of a franchisee before buying any franchise.
For more on sizing up a franchise, check out the tips and advice on Entrepreneur's How to Buy a Franchise page.
Jeff Elgin has almost 20 years of experience franchising, both as a franchisee and a senior franchise company executive. He's currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best meets their needs.