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Franchise due diligence checklist

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Franchise due diligence checklist from http://www.growyourbusinessclub.co.uk offers alternate questions to ask when investing in a franchise opportunity

Franchise due diligence checklist from http://www.growyourbusinessclub.co.uk offers alternate questions to ask when investing in a franchise opportunity

Published in: Business, Automotive

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  • 1. 9 questions to ask before investing in a FRANCHISE http://www.growyourbusinessclub.co.uk
  • 2. FUTURE DEMAND http://www.growyourbusinessclub.co.uk
  • 3. FUTURE DEMAND How big is your target market, and is your market growing, declining or stagnating? http://www.growyourbusinessclub.co.uk
  • 4. RETURN ON INVESTMENT (ROI) http://www.growyourbusinessclub.co.uk
  • 5. RETURN ON INVESTMENT (ROI) How long will it take you to recoup your investment with your chosen franchise? http://www.growyourbusinessclub.co.uk
  • 6. ALIGNED TO PASSION & VALUES http://www.growyourbusinessclub.co.uk
  • 7. ALIGNED TO PASSION & VALUES Is the product, service or opportunity on offer, something that you’re passionate about? http://www.growyourbusinessclub.co.uk
  • 8. NO STOCK http://www.growyourbusinessclub.co.uk
  • 9. NO STOCK How much of your investment is in stock? (Ideally – NONE) http://www.growyourbusinessclub.co.uk
  • 10. COST TRANSPARENCY http://www.growyourbusinessclub.co.uk
  • 11. COST TRANSPARENCY Ensure there are no “hidden” costs, fees or financial burdens http://www.growyourbusinessclub.co.uk
  • 12. HOME BASED? http://www.growyourbusinessclub.co.uk
  • 13. HOME BASED? Do you really want to invest in commercial premises & all the associated burdens & costs? http://www.growyourbusinessclub.co.uk
  • 14. INCOME STREAMS http://www.growyourbusinessclub.co.uk
  • 15. INCOME STREAMS How many active & passive revenue streams will your new franchise offer you? http://www.growyourbusinessclub.co.uk
  • 16. INCOME STREAMS Hopefully not just selling your time otherwise you’re investing in a JOB not a business http://www.growyourbusinessclub.co.uk
  • 17. SALES & MARKETING SUPPORT http://www.growyourbusinessclub.co.uk
  • 18. SALES & MARKETING SUPPORT What support will you get for generating fans, friends, followers, signups, downloads, backlinks, and…? http://www.growyourbusinessclub.co.uk
  • 19. SALES & MARKETING SUPPORT …What support will you get for generating leads, enquiries, prospects, sales & referrals? http://www.growyourbusinessclub.co.uk
  • 20. EXIT http://www.growyourbusinessclub.co.uk
  • 21. EXIT …What’s your EXIT strategy and what can you do if you decide it’s NOT for you? http://www.growyourbusinessclub.co.uk
  • 22. FACT There are over 4 million businesses in the UK, 40 million in Europe and over 30 million in the USA… http://www.growyourbusinessclub.co.uk
  • 23. FACT …many are struggling to generate leads, sales, & revenue they want. http://www.growyourbusinessclub.co.uk
  • 24. FACT There is help, guidance and support available… http://www.growyourbusinessclub.co.uk
  • 25. Stop Struggling. Start Growing. http://www.growyourbusinessclub.co.uk Claim your FREE online Membership - TODAY