4 Words to Memorise Before Searching for a Franchise

4 WORDS TO MEMORIZE BEFORE SEARCH FOR A FRANCHISE WORK Putting together a business plan is only one example of the work you'll have to do to become the owner of a franchise . You'll have a lot of other work to do to be your own boss . By work , I'm referring to the amount of due diligence you'll have to perform in order to get the right numbers etc. to put in your franchise business plan . TIME Time is a very precious commodity And time is a point that's often overlooked by today's prospective franchise owners . It takes a while to go through each and every step of the franchise buying process . WHY YOU SHOULDN'T RUSH TO BUY A FRANCHISE IN ONLY ONE MONTH There's no way anyone could possibly gather all the info , do the proper franchise research , and vet the franchisor in 30 days time . A franchisor who would allow someone into their system in only 30 days time is not a franchisor I would want to be associated with . HERE IS WHAT I RECOMMEND : Go slow and steady . It takes time to buy FOCUS There are going to be a lot of distractions that can cause you to lose focus ( talking to others about your desire to be your own boss , remaining open to good job opportunities , etc ) . Finance It is imperative that you have and maintain the right focus to get your venture off the ground , and for it to ultimately be a success in the long run . DISCIPLINE YOU'RE GOING TO NEED A LOT OF SELF - DISCIPLINE As you'll quickly find out ( when searching for a franchise ) , it's easy to be led astray . POSSIBLE SCENARIOS MAY INCLUDE : You will run across scary articles that can quickly change your opinion on the franchise rtunity ' re interested in . Your spouse might shake their head - almost robotically , as if to say , " I hear what you're saying - and all . but I'm actually pretty darn nervous about this whole idea . " BE CAREFUL , ITS REALLY EASY TO FALL INTO A FRANCHISING BLACK HOLE You're going to need to stay disciplined Rosewood