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Franchise How-To - Page: 5
Don't jump into the franchising field until you've determined if both you and your franchisees can turn a profit.
A great deal of your time and money is on the line, so you need to know everything there is to know about the franchise you want to purchase.
From startup costs to legal docs, to vetting franchisees, here's what you need to know before putting your brand in someone else's hands.
Speaking with at least five current owners is your best first step.
Embarking on this discovery process will let you check out the business model even as you, the franchisee, are being vetted.
If executed properly, a well-developed recruitment and outreach process can help furnish results for your company.