Franchises are a popular method for aspiring entrepreneurs to “launch” themselves into business.  They come with a proven business model, marketing, operations, training, and a network of other franchise owners who are available to answer questions and provide guidance.  Franchises are one of the fastest growing segments of the small business market for a good reason – they work! However, when things don’t go quite right…when revenues drop due to severe competitive pressure, or macro-economic trends crush the business (as is happening across the country), or personal financial resources dry up for whatever reason, leaving the business floundering, a franchise (and the associated franchisor) can become a major roadblock to successfully restructuring the business.  Do your homework well and best of luck in the future!

Hi, check out our Buying a Franchise page for information.  Also check out these blog articles for additional information and resources:

• Investigating a Franchise Opportunity: How a Little Detective Work and Law can Help

• Going Beyond the Hype: Managing the Risk and Finding the Right Franchise Opportunity for You

• SBA Approved Franchises: How do they work and how does the loan application process change?

• Why Executive- Type Franchises are Attractive for Executive Types