Be your own boss: 10 steps to picking the right franchise – StartupSmart

With Australia’s franchising sector reaching 1,200 franchisors and 73,000 franchisees, the attraction of starting a business with experienced backing is growing.

Becoming a franchisee means joining an established brand, and having access to a franchisor’s patents, copyrights and inventions, as well as their research and development projects.

The franchise sector appeals to those wanting to be their own boss without having to build a brand from the ground up.

Despite the popularity, it is important to go into franchising eyes wide open to avoid future conflict with your franchisor..

This free StartupSmart eBook, Be your own boss: 10 steps to picking the right franchise, brought to you by Foodco and Hair Extensions Full Stop, outlines the essential things you need to know to be a successful franchisee.

It covers areas such as:

• Mixing your passions with business potential
• Due diligence
• Calling in the experts
• Assessing your competition
• Getting your finances right
• Knowing your rights
• Marketing your franchise
• And much more