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I am a little skeptical about franchises. Don’t get me wrong; I have seen many successes in franchising. However, as we all know, the world is not perfect, and before jumping into franchising, there are several items I recommend researching and considering.
1. Visit existing locations
Let’s start with the obvious regarding initial homework. If you are buying a franchise with physical locations, you must visit as many as possible. Keep in mind that it is likely that the franchisor may recommend visiting certain locations. Although you should visit the suggested locations, you must also visit others.
Related: Getting Out of Your Franchise
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