Tuesday, April 29, 2008

Why are they selling?

Are you considering buying a franchise or a local business from a previous owner? Are you trying to break from your daily routine job to start a new career as a franchise owner? First consider this:

  1. If this is a profitable business, why are they selling?
  2. What do they know that you don't about the growth trajectory and risks?
  3. Why do you think it is going to be different in your case and you will turn the business around and make profit?

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