Left, right, up, down - when diving head first into
owning a franchise, you might feel a bit uneasy about which direction to go; which steps
you should take first. And unfortunately, because the process is so complex,
many potential franchisees often find themselves tangled in a web of mistakes
that could potentially be the source of their demise.
Here at bluefrog Plumbing + Drain®, we want to see all new franchisees
excel from start to finish. That's why with help from
All Business and
Forbes, we've put together a list of common mistakes that new franchisees
make so that future candidates are aware of what not to do:
Going out of bounds - Just because a franchise excels on one side of town doesn't mean
it will on the other. All too often, franchises try to expand their reach
too far and limit their chances of success. Before seeking out your new
territory, make sure you are within reach of the corporate office and
in an area where your products and services are in demand.
Ignoring trademarks - Before you can open up shop, you need to legally register your trademark
on a federal level. However, new franchises often stop at the state level
and fail to get the approval that is needed. In order to avoid a legal
situation, you must make sure that you go all the way to the top in terms
of registering your trademark.
Starting as a one man show - Many times individuals seek out franchise opportunities because they
assume they will have the final say in all aspects of the business. While
yes, being a franchisee gives you power over decisions for your location,
you need to realize that you are not in it alone. Prior to signing contracts
and agreements, always seek professional legal help; going out on your
own is one of the worst things you can do before getting yourself into
something so binding.
If acquiring a franchise is on the top of your to do list, be sure to
keep the above mistakes in mind as you go through the process to ensure
that everything is smooth sailing. By avoiding what hurt other franchises
in the past, you can increase the likelihood that your experience will
be one for the record books.
As an award winning franchisor, we have the strategies needed to help our
franchisees make their way to the top. For
more information on the
opportunities we currently offer
, please give us a call at 888-490-9850 today.