Common Mistakes New Franchises Make

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.

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