Franchises are not an easy money making and simple business as it may appear. Rather it requires a lot of discipline and uniformity as you are neither an employee nor an owner. Technically, you may be the owner of your business but you must follow direction from the head office. The success rate of any franchise depends largely on the research and preparation you have done in advance. One needs to dig a little deeper and read between the lines. Below are the key ingredients to becoming a successful franchisee: 1.) Don't Buy The "Best Franchise" Instead Buy The One Which Is "Best For You" Instead of going by the flashy - trendy "Best Franchise" opportunity, one must look for a franchise which compliments your skill sets; in an industry that you are excited about being in; and with a brand that matches your personality. Becoming a franchisee is an important decision, so you want to make sure that it is the right “marriage” or “business partnership”. Do a self - evaluation, ask yourself:-  Do you enjoy hospitality? If yes, hotel, restaurant could be your industry.  Do you love pets? A franchise in the pet industry may be a right fit for you.  Are you good with numbers? If so perhaps, an accounting franchise is best for you  Do you enjoy planning events? then an event planning franchise could work. 2.) Start With The Right Attitude And Mindset Franchises are time - tested and well-developed systems for running a business. To own a franchise and run it successfully, you have to adapt this system. Franchising is based on commitment and uniformity with little freedom. This business model reduces your risk with a proven track record 3.) Do Your Research Properly Don't get attracted by the awards and rankings of the companies or by the number of franchisees, a brand has. Rather dig down, how many of those franchisees shut down, why and in what time - frame. Thoroughly read the Franchise Disclosure Document (FDD). Google search the critics, online complaints, reviews (if any) of the companies and try to personally meet the brand you are interested in franchisees. 4.) Be Sure To Consult With a Franchisee Attorney Avoid being overzealous in closing the deal, it is a thorough process and should be done meticulously. Since it involves a lot of legalities, sometimes even beyond understanding and hence it's even more crucial to appoint someone who's experienced in reading the fine print of a franchise document. Be sure that you fully understand the commitment that you are getting into. 5.) Do Not Ignore The Possibility Of Failure Winning and losing are the part of the game but it's important that you go in prepared. The franchising business does have a very high success rate as it is using a proven system and formula. But it is always good to be prepared for the worst-case scenario or a plan B.

1. Key Ingredients To Become a Successful Franchisee
Franchises are not an easy money making and
simple business as it may appear. Rather it requires
a lot of discipline and uniformity as you are neither
an employee nor an owner. Technically, you may be
the owner of your business but you must follow
direction from the head office. The success rate of
any franchise depends largely on the research and

2. preparation you have done in advance. One needs
to dig a little deeper and read between the lines.
Below are the key ingredients to becoming a
successful franchisee:
1.) Don't Buy The "Best Franchise" Instead Buy The
One Which Is "Best For You"
Instead of going by the flashy - trendy "Best
Franchise" opportunity, one must look for a
franchise which compliments your skill sets; in an
industry that you are excited about being in; and
with a brand that matches your personality.
Becoming a franchisee is an important decision, so
you want to make sure that it is the right
“marriage” or “business partnership”.
Do a self - evaluation, ask yourself:-
 Do you enjoy hospitality? If yes, hotel,
restaurant could be your industry.
 Do you love pets? A franchise in the pet
industry may be a right fit for you.

3.  Are you good with numbers? If so perhaps an
accounting franchise is best for you
 Do you enjoy planning events? then an event
planning franchise could work.
2.) Start With The Right Attitude And Mindset
Franchises are time - tested and well developed
systems for running a business. To own a franchise
and run it successfully, you have to adapt this
system. Franchising is based on commitment and
uniformity with little freedom. This business model
reduces your risk with a proven track record
3.) Do Your Research Properly
Don't get attracted by the awards and rankings of
the companies or by the number of franchisees, a
brand has. Rather dig down, how many of those
franchisees shut down, why and in what time -
frame. Thoroughly read the Franchise Disclosure
Document (FDD). Google search the critics, online
complaints, reviews (if any) of the companies and

4. try to personally meet the brand you are interested
in franchisees.
4.) Be Sure To Consult With a Franchisee Attorney
Avoid being overzealous in closing the deal, it is a
thorough process and should be done meticulously.
Since it involves lot of legalities, sometimes even
beyond understanding and hence it's even more
crucial to appoint someone who's experienced in
reading the fine print of a franchise document. Be
sure that you fully understand the commitment that
you are getting into.
5.) Do Not Ignore The Possibility Of Failure
Winning and losing are the part of the game but it's
important that you go in prepared. The franchising
business does have a very high success rate as it is
using a proven system and formula. But it is always
good to be prepared for the worse-case scenario or
a plan B.