Top 5 Do'S And Don'T'S When Buying A Franchise
Have your audited financial statement that was presented to you reviewed by an accountant. You may also have your lawyer to help you in reviewing all the legal documents. Go through the uniform franchise offering circular:- this is a certain document where the franchiser must disclose certain specified information to you. The federal commission requires that all the franchisers must supply the prospective franchisees with that information at least 10 days earlier.Research:- franchise buying is a complex process and therefore must be approached with caution. The more informed you are the better smarter decision you will make and the lesser risks you will be exposed to. Your decision will be based on two main factors; one is the risk capabilities and two, your investmentDON'THurry:- take your time and ability to calculate risks, shortening your research may lead to failing. Selecting a franchise requires time.Overextend your finances:- always learn to plan for more expenses than you think you will have, the more established a franchise is the less risks associated, and the higher investment needed.Skip consulting:- franchise agreement just like any other is very lengthy and complex legal document that should be viewed by attorney general before commitment. Skipping means you will lose critical information.Take anyone's word:- it is an opportunity at the same time a risk, be aware of the current market trend that includes price wars. Know economic factors and changes that can affect the industry.Settle:- get what you want not the one that comes first. About the Author:Getthebestof.co.uk offers even more information and resources to establish an UK franchise that is ready to succeed in the real world, come and see why we are the fastest growing franchise in the UK, visit us today! Article Source: ArticlesBase.com - Top 5 Do'S And Don'T'S When Buying A Franchise
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Economic Crisis 2008Author: Andrew Abraham2008 Economic Debacle Let’s start with the fact that the median US income last year was $50,233 dollars. Now lets add to the fact that the plan of Treasury Secretary Henry Paulson's $700 billion dollar to stabilize the banking system, that every man, woman and child in the U.S. would be owing more than $37,000 each.This puts the situation in simple context. Let’s put it another way, approximately 73% of the median income will be needed for this plan. It is beyond obvious that we are going to be paying this off for a long time, and quite obviously our grandchildren.
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