Therefore, all promises made by the franchisor should be in writing. Franchisees must have a clear understanding of the level of training and support that a franchisor is actually likely to provide, a

Therefore, all promises made by the franchisor should be in writing. Franchisees must have a clear understanding of the level of training and support that a franchisor is actually likely to provide, as these franchisors are often thousands of miles away. 6. Elements of a good business: These elements should include some of the following: An established name or trademark A good business idea A good business image A proven product or service An excellent operating system A very effective marketing plan Unique technology The above elements It helps the franchisee evaluate the competitiveness of the franchise system he wants to join in a specific area. In addition, it is absolutely necessary to visit the franchisor's offices and several franchise stores. Obviously, investors should seek help and seek advice from as many sources as possible before committing to a franchise. Help and Advice If a franchisee needs help and advice, who should he seek advice from who has a close stake in the success or failure of the franchise business? 1. Trusted Franchise Consultants Before consulting a consultant, he should check their history and learn from those who have received their services. A good consultant should maintain constant contact with the franchisor, franchisees, and others in the franchise industry. Their experience and information are extremely helpful in bridging the gaps in expectations, language and culture between franchisors and franchisees who are far apart. 2. An experienced franchise attorney should obtain advice regarding the legal aspects of the franchise agreement from a reputable franchise attorney. Investing in the franchise industry requires franchisees to have a keen eye for business. Before purchasing a franchise, the franchisee should have an understanding of the benefits and dangers of franchising, must be comfortable with the resources provided by the franchisor, and understand that purchasing a franchise is risky even with many precautions taken. Not all franchises are created equal, and franchise contracts vary. Operations that appear certain to be successful may fail due to declining demand, economic downturn, or poor management by the franchisor. Looking at the numerous franchise systems and distinguishing the good from the bad is a difficult job in itself. The best tools for finding a successful franchise system, or avoiding a poorly run one, are research and learning. 3. Franchise association licensees can get good advice and information from them at any time. If there is no such association in the franchisee's location, check the franchise association in the location of the prospective franchisor. Most good and established franchisors are members of their home country's franchise association.