Pondering A Franchise Biz?

MSNBC:

If you don’t have a lot of money or an idea for a product or service, but still want to run your own business, franchising is an option.

Lately I’ve heard from lots of college kids and Baby Boomers alike who have been thinking about becoming franchisees as a way to bypass, or leave behind, a 9-to-5 job working for ‘The Man.’ Some people see it as an easy alternative and a way to strike it rich.

Unfortunately, they’re living in the Land of Franchise Oz.

Many franchise owners work just as hard as entrepreneurs who start their firms from the ground up, and riches are just as hard to come by as any other business.

A franchisee can do very well, but that’s if you find the right franchise concept and follow strict policies that every great franchise company has. Even though you’ll be running the business, the concept is someone else’s and you’ve got to play by his or her rules.

Still want to check it out? Then do your homework.

Just like any venture, look out for scammers and franchisors that make big promises.

The biggest tip franchising expert Dick Rennick can share with you is to be leery of anyone who makes ‘any kind of income claims.’ If they say you can clear $3000 a week guaranteed with nothing to back it up, run the other way. Read on.