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Finding The Right Franchise

You need to consider the length of your contract.

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What do you want to be when you grow up? That sounds pretty elementary until you realize most franchise agreements have an initial term of 10 years, and that means performing your basic duties as a franchisee for an entire decade. Consequently, when you buy a franchise, you must envision the day-to-day routine.

Excerpted from the June issue ofEntrepreneur magazine