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Research Center & FAQ |
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Basics - Reasons New Franchisees Fail
He or She:
1. Believes owning a franchise is easy. Franchisors provide training and support, but franchisees must manage their new businesses. This can mean long hours and hard work.
2. Does not enjoy the franchise. Discovering too late that franchise system does not fit his/her personality type and preferences.
3. Does not follow franchise system. Franchise buyers invest in a franchise to learn the business. It is important to adhere to the high standards of quality which makes the franchise system stand out, and which customers expect to get from every other unit in the franchise system.
4. Does not enjoy interacting with people. Often success depends on the franchisee?s ability to get along with customers, employees, other franchisees, and of course the franchisor.
5. Could not really afford the franchise. Until the new franchise made a profit, he/she did not have enough money to run the business and to cover living expenses.
6. Did not have family support. Owning a franchise should be a family decision since their will be intense demands on your time.
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