STEP 1 - EXAMINE YOUR OPPORTUNITIES

There are hundreds of franchises. In most types of businesses, you will find several franchise opportunities. For example, if you have an interest in a donut shop, you will find many franchisors who offer the opportunity to own and operate a donut shop. There are many directories you can use to expand your search, plus some magazines that periodically publish lists of franchisors. You want to contact and compare all possible franchise choices. This allows you to review the costs and benefits for each franchisor. You will probably want to narrow the possible alternatives to a finalist group of no more than five. This group of finalists should represent those that you want to consider seriously. We recommend that you complete Steps 2-5 for each franchisor.

Step 2 - Examine the Franchise and the Franchisor

Step 3 - Analyze and Evaluate the Disclosure Statement

Step 4 - Investigate the Franchisor

Step 5 - Make a Decision