FRANCHISING BASICS

QUESTIONS TO ASK MYSELF BEFORE BECOMING A FRANCHISE OWNER

ARE YOU WILLING TO FOLLOW A SYSTEM? – If you have difficulty following directions or dislike working in a system franchising would be very frustrating for you.

ARE YOU WILLING TO TAKE A RISK? – There is less risk with a franchise than a start up independent business. Whether you succeed or fail still depends on you!

ARE YOU WILLING TO ENTER A LONG TERM AGREEMENT?- The franchise agreement is a 10 year relationship. It is a binding legal document. Get to know the corporate staff to get a feel for your comfort level in working with them. Talk with other franchisees about their relationship with corporate.

WHAT ARE YOUR EXPECTATIONS? – Success doesn’t come instantly with the franchise agreement. It requires hard work and a lot of effort. Get a realistic picture from corporate as well as other franchisees on what to expect from your Wood Re New experience.

Suggested reading for a better understanding of FRANCHISING

What Is Franchising?

Why Buy a Franchise?