Five things to know before buying a franchise
Steve Bianchini
A lot of people who buy into a franchise are fulfilling a long-held dream to work for themselves.
But many don’t have much business experience and have often come straight from a job.
“You have to wear 100 hats in a franchise, whereas before when you were in your job you were probably wearing two or three,” says Steve Bianchini, a former franchise owner who is now general manager of Mondo Direct, which helps find staff for franchise head offices.
“You have to be thinking about marketing, about sales, how you treat your people in your business, and also your customers, and the costs in the business. It goes on and on and on.”
Following on from “Seven things I wish I knew before buying into a franchise”, here are five things franchise owners say you need to know before you buy in.
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