Should I buy a franchise?

Matthew Pim
Flowchart by Matthew Pim, updated more than 1 year ago
Matthew Pim
Created by Matthew Pim over 3 years ago
15
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Description

Decision making process for buying a franchise.

Resource summary

Flowchart nodes

  • Do you have significant capital to invest?
  • Meet with banks to request a loan
  • Bank says:
  • Keep working your current job
  • Research franchise opportunites
  • Requires further information
  • No
  • No
  • Yes
  • Yes
  • Attend a franchise expo
  • Research databases/ directories
  • Contact the Franchisor
  • Study the Financial Disclosure Document
  • Are you satisfied with the opportunity?
  • No
  • Engage with franchisor's training/ induction process
  • Sign the franchise agreement
  • Start your business!
  • Yes
  • Start
  • Should I buy a franchise?
  • Choose Opportunity
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