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Step 8. Become A Franchise Owner

Become A Franchise Owner

Then comes the reward! At this point you have completed your research, selected and analyzed numerous concepts and decided on the best fit for you. Because you have qualified for all the hurdles that are set before you and  impressed the franchisor you have been brought into a growing business. Now you are in complete control over your financial future and have all the support and guidance of a successful system and team. Congratulations! You did it.

The sky is the limit from here and your success depends on how much work you put into your business. You will have support from corporate but at the end of the day, it is your business and you have to put in the work for it to thrive. Once you have a thriving business, you may want to think about purchasing additional territory or investing your money into another franchise!

The Rest of the Steps

8 Steps to Buying A Franchise

Step 1: Start Franchise Shopping

Step 2: Acquire Funding

Step 3: Compare Your Options

Step 4: Prepare Yourself

Step 5: Franchisor Introductions

Step 6: Due Diligence

Step 7: Franchise Award

Step 8: Become a Franchise Owner

 

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