Top 7 Franchise Mistakes to Avoid for New Business Owners

Lack of research

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Ignoring Finance

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Poor location

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Underrate Staff

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Noncompliance

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Lack Marketing

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Select Wrong Franchise

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Nominate Your Business Free for Awards

Top 7 Franchise Mistakes to Avoid for New Business Owners

Lack of research

Failure to conduct thorough research on the franchise, market, and competition.

01.

Ignoring Finance

Failing to consider all financial aspects, including initial investment.

02.

Poor location

Choosing a location without considering foot traffic, demography and competition.

03.

Underrate Staff

Failing to adequately staff the franchise, leading to poor service and decreased sales.

04.

Noncompliance

Ignoring the franchise established processes & procedures, leading to operational inefficient.

05.

Lack Marketing

Failing to promote the franchise effectively, leading to low brand recognition and decreased sales.

06.

Select Wrong Franchise

Selecting a franchise that don't align with personal interests, values, skillset.

07.

Nominate Your Business Free for Awards