Questions for Friends when Buying Into a Franchise

Video Transcript

You, you've had a few minutes and you've reviewed this, this business opportunity with your family. Now, the thing is to move it on and to friends and colleagues and other family members, and that you want to really review this, your idea of moving into the franchise with anybody and everybody you can really think of. Because the more input you have, the more research you do, the better the chances are that you'll be successful at this. So you want to talk to your relatives. Do they think, tell them what the business is? Do they think your personality suits this? Do they know other people that have this type of business or have done this type of business? So these people can help lead you to other people to talk to. You've talked to the franchisee, you've talked to the franchiser, but now you need to talk to other people that know you and have known you for years. And this can be other colleagues in business, in your nine to five jobs, you know, if you feel you can confide in them what you're thinking of doing. To review, their thinking of it and do they know anybody they could lead you to? You want to network and find other people if possible, that know you and then know the business you're talking about moving into and that they can help assure you that this is a good decision and that you have what it takes to do this particular type of franchise and be successful.

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