subject: Why Use A Consultanting Service For Franchise Buyers? [print this page] FranUnite, a firm delivering free consulting service for franchise buyers, is providing a free series for the potential franchise buyer entitled "20 Things You Need to Know Before You Buy a Franchise." The question that we are addressing here is, "Should I use a franchise consultant instead of dealing directly with the franchisor?"
Unlike the franchisor whose objective is to sell you his franchise if you qualify, the franchise consultant should have no bias toward any specific franchisor or franchise type. Rather, his sole objective should be to assist the franchise business buyer in making and executing the best decision to satisfy his or her requirements and qualifications.
As a fundamental step, a franchise consultant should help you determine if running a franchise business is really right for you. For example, FranUnite provides a test that profiles your aptitude and commitment against those of other highly successful entrepreneurs.
The franchise consultant then should point you to the best franchises that meet your requirements out of the thousands of options available, and should assist in your selection process.
He should guide you through a thorough due diligence process, covering all the potential snags such as local licensing requirements with which the franchisor may not be familiar.
If financing is an issue, he should direct you to potential sources.
He should be there to support you and to serve as your mentor until the franchise deal is closed.
In summary, engaging a reputable franchise consultant can save you big time in several ways.
1. First, by establishing a clear process and guiding you through the maze, you can save weeks if not months in completing the selection, evaluation, due diligence, financing, and closing process.
2. The anxiety associated with fear, uncertainty, and doubt about making the right decision is eliminated.
3. By objectively guiding you to the best decision and execution, you can avoid costly mistakes.
The franchise consultants primary objective should be to help you become the owner of the best and most cost effective franchise business that meets your objectives.
FranUnites service is totally free to the franchise buyer. Because we are providing a service that is of great value to both the franchisor as well as the franchisee, franchisors are happy to pay franchise consultants expenses.
The value of engaging a professional franchise consultant is one of the 20 things you need to know before you buy a franchise business. The other 19 things that you need to know are covered in a free video series produced by FranUnite. Just visit www.ConsultingServiceForFranchiseBuyers.com to view the rest of the series.
