The following questions will help you make the findings included in the selection.
- What is this business concept, which can bring the greatest interest?
- Which of these franchise concepts fit into my financial plan?
- Which business idea there on my wish-site the best chance of success
- Is there possibly a franchise for which you easily can get a financial support?
Individual franchisor contact
Then you can proceed to the next step, namely, to contact their prospective franchisor directly. If you have followed the above-mentioned steps carefully planning, you should now have a very clear picture. Please request of any franchise system that you pull at that point your research on the shortlist, to information that is more detailed.
The first contact with your potential franchisors, there are three options. First, you can use the Internet use to the respective franchise system to find detailed information on each franchise concepts.
The information will be forwarded directly to the contact person. He then in a short time with the prospective franchisee has cooperation relationship. The advantage of this approach is that you can, without extensive search, relatively quickly at the right contact person can get in touch. A second, more personal way is the visit to a trade fair for start-ups. The third, still a relatively new way of contacting the so-called franchise 1:1 business meetings. Here the franchisee is given the opportunity to get into pre-booked 30-minute briefings important information about that concept of personal representatives of franchise companies. This relatively new idea of the presentation has the advantage that in addition to the possibility of obtaining technical information, a certain aspect of the design approach can be demonstrated. Therefore, you can possibly also equal “assess” his future business partner.
Individual conversations with franchisors whose concepts are into question
Ideally, by this time a decision in favour of one (maximum of 2) business concepts. In further individual discussions between you and the franchisor, it is now a matter contractual detail to clarify and establish ground rules for future cooperation. At this point, you should by no means forget to ask your franchisor how much “freedom” is given to them as a business owner in the daily management. This manoeuvre may be designed differently from concept to concept. Find out at this point so be sure how much is from the central office decided “over your head” and which elements of the management to have a say.