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HOUSTON BUSINESS REVIEW
Franchise Selection Decision Plan
By Adrienne Leigh
Adrienne Leigh is the President of FranNet of Houston, a franchise consulting firm that provides coaching to clients who are exploring franchise opportunities. She has over 20 years of experience in franchising and entrepreneurial start-ups. Each week, she will provide comprehensive information on the $1.5 trillion franchise industry.You can reach Addrienne at 713-586-8836 or via email. To learn more about Adrienne Leigh, check out her here
How do you eat an elephant? One bite at a time!
Keep your decision making simple - take it one small bite at a time! The following checklist provides a thumbnail sketch of the FranNet Four Step Research Plan, along with estimated costs. Use the table below to keep track of your decision progress.
Date |
Action |
Estimated Cost |
Commitment |
|
Meet with FranNet consultant to create Business Model and select franchises to evaluate |
$0 |
None |
|
Review of materials received from franchisors |
$0 |
None |
|
Initial phone interview with franchisor |
$0 |
None |
|
Validation from and/or calls and visits to franchisees - Take Notes! |
$10 - $500 |
None |
|
Visit home office of franchisor |
$10 - $800 |
None |
|
Investigate financing options (if needed) |
$0 - $250 |
None |
|
Basic review with attorney and/or accountant (larger scope may require more time and money) |
$300 - $1200 |
None |
|
Decision to invest in franchise |
Specified Investment |
100% |
Remember to review your business model every step of the way. It is your compass and will guide you in determining if you want to proceed with the research. Your FranNet consultant will coach you through this process and can recommend other professionals to assist as needed. This process typically takes 30 - 45 days.
Coming Next Week – Solidifying Your Financial Plan
FranNet - The Franchise Connection provides FREE SERVICES for those looking to purchase their own franchised business. Ethical, experienced consultants give guidance, information and support while coaching clients to achieve their goals safely and affordably.
Meet real franchise experts and ask them questions, live!
FranNet - The Franchise Connection will be offering a series of free webinars, and seminars, each featuring a specific franchise opportunity, with valuable insight from an experienced FranNet expert.
Upcoming Webinars and Live Seminars
- Wednesday, October November 29th @ 1:30 pm – The Legal Document Preparation industry (retail with a twist)
- Wednesday December 13th at 7 pm – Is Franchising a Good Career Alternative for You?$$$ (A live seminar in Houston with Adrienne Leigh presenting)
To register or to receive your personal Blueprint For Success and a free consultation with Adrienne Leigh, president of FranNet of Houston. Call 713-586-8836 or email aleigh@frannet.com Visit our website at www.frannet.com
