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Preparation Is Key When Buying A Franchise

[ 0 ] Mar. 25, 2013 | SBO Editor

Franchises offer a variety of benefits to entrepreneurs, but owning a franchise requires preparation and management skills, said Richard Sifuentes, assistant director at the Small Business Development Center at the University of Texas at San Antonio. He added that interested entrepreneurs should visit franchise headquarters and talk to existing and former franchise owners before making a decision. “The benefit of buying a franchise is that hopefully you’re buying a proven and successful business model that you can emulate,” Sifuentes said. “You still have to do your research.”

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Category: Features