|Entrepreneurs Must Be Wary of Franchising Pitfalls, Counselor Says|
|Topic||Entrepreneurism - Franchising|
|InfoTrac Reference|| CJ105625899
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It is important that potential franchisees pick the right franchise for them. The nonprofit SCORE offers workshops and counseling services at a nominal fee for people looking at going into business. They recommend the following:
Some potential problems are well-hidden. National marketing programs of some franchisors, like McDonalds or 7-Eleven, are of great value to franchisees. It's crucial that franchisees clearly understand their contractual rights and obligations, including the cost of getting out of the franchise.
|Source||"Entrepreneurs Must Be Wary of Franchising Pitfalls, Counselor Says," Knight Ridder/Tribune Business News July 20, 2003.|
|Instructor Discussion Notes||Discussion Notes
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