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Learn what you need to know to find the right franchise for you. If you are
looking for specifics on how to find your ideal franchise just follow these
simple steps. These steps will help you make the most of the tests, tools and
resources so that you can cull through hundreds of franchise opportunities and
get in touch directly with your ideal franchise company.
If you are familiar with what it takes to find a franchise, you can search for
the franchises you are interested in and go directly to the information on
those companies.
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Self Discovery -
There are many types of businesses for sale that suit many types of managers
with a variety of skills, time, interest and capabilities. A successful match
requires that the franchisee first has a clear vision of what characteristics
they want to find in a franchise. For franchise hunters at this level, we
recommend they take our Franchise Test.
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Financial Picture -
The next step is to have a clear understanding of the financial resources you
have to start your business. Some businesses require more resources than
others. Also, many entrepreneurs have more resources than they realize. For
franchise hunters at this level, we recommend they review the
Financial Analysis data on this site.
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Establish Criteria -
There are other criteria that can help you narrow down the list of
opportunities that are best suited to you. Location, Starting Capital, Business
type. The objective is to build a list of opportunities that are as broad as
possible, without compromising hard criteria. For this stage we recommend
franchise hunters use the Advanced Search Options
to narrow down the field.
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Gather preliminary Franchise Information -
Now the task of gathering more detailed information
about various franchise opportunities available to
you can begin. Your goal is to review what you "can"
do, and refining your list to what is best for you.
To help manage this list for you, we recommend using
the "My Franchise
Giant" tool set to consolidate and compare the
franchises.
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Contact the Best Prospects -
Once you've identified the select franchises you are
best suited for and most interested in, you can begin
the prequalification process. Prospective franchisors
will provide you with a wealth of information and
material including the Uniform
Franchise Offering Circular (UFOC). But, in return
they will need information from you to verify you
meet their criteria. As a site member, you can use
the "Edit My Profile"
feature to complete this information once. Then you
control who receives this information by simply using
the "Prequalify me now" option on each vendor listing.
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