Top 7 Franchise Mistakes to Avoid for New Business Owners
Lack of research
Failure to conduct thorough research on the franchise, market, and competition.
Failing to consider all financial aspects, including initial investment.
Choosing a location without considering foot traffic, demography and competition.
Failing to adequately staff the franchise, leading to poor service and decreased sales.
Ignoring the franchise established processes & procedures, leading to operational inefficient.
Failing to promote the franchise effectively, leading to low brand recognition and decreased sales.
Select Wrong Franchise
Selecting a franchise that don't align with personal interests, values, skillset.
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