Entrepreneurial Goldmine

Go into business for yourself, but not by yourself!  That’s the basic MO of the Franchise Industry.  According to the International Franchise Association,  (IFA) there are almost 1 million franchised small businesses in the country and they’ve generated more jobs between 2001 and 2005 than several of the nations major economic sectors.  This option is a great entry level route to fulfill your entrepreneurship dreams. For the right personality type, franchising represents an awesome opportunity to earn an income and increase your net worth, but it won’t come easy. 

What do you need to know before buying a franchise?  You need a SHERPA.  Someone to guide you through the maze and help you navigate the tough terrain of ‘the devil in the details’.   IFA provides a guide  that outlines the following research requirements to buying a franchise: (continue reading…)