{"id":11399,"date":"2013-10-21T01:51:40","date_gmt":"2013-10-21T01:51:40","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=11399"},"modified":"2022-10-15T14:06:05","modified_gmt":"2022-10-15T18:06:05","slug":"franchise-ownership-doesnt-have-to-be-a-risky-endeavor","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/franchise-ownership-doesnt-have-to-be-a-risky-endeavor","title":{"rendered":"How To Make Franchise Ownership A Not So Risky Endeavor"},"content":{"rendered":"

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A comment:<\/strong><\/p>\n

\u201cTHIS franchise is no good, they are fraudsters, and they will take all your money and even try to take your underwear if they can. Management are idiots, come out with lousy ideas which don’t work and costs owners money, their business model sucks, they are brainwashed well, one day the prices for a sub go down they say customers want lower prices now the prices go up because for a premium product there are premium prices, when the prices were lower the product was still premium nothing change. I hope everyone one of these corporate thugs get colon cancer<\/i>.\u201d<\/p><\/blockquote>\n

That classy comment is located right underneath a post I wrote on Quiznos Subs<\/a><\/strong>, the embattled Denver, Colorado food franchisor. I\u2019m going to take a shot here and assume that it was written by a rather angry ex-franchisee of Quiznos.<\/p>\n

My guess is that if you weren’t too nervous about franchise ownership before, you may be now. But, franchise ownership really doesn’t<\/em> have to be a risky<\/strong><\/a> endeavor.<\/p>\n

Keep reading to find out how to lower your risk.<\/p>\n

Franchise Ownership Risk Is Real<\/h2>\n

My friend, Rieva Lesonsk<\/strong>y<\/a>, wrote the introduction for my hardcover book<\/a><\/strong> on franchise ownership.<\/p>\n

\u201cStarting a business, whether you build it from the ground up, purchase an existing company, or buy a franchise, is a risky proposition. Run as fast as you can from anyone who tries to tell you differently. Buying a franchise does not eliminate the risk of startup. But if you approach franchising the right way\u2014the smart way\u2014by reading this book, doing your research, checking out the numerous opportunities out there, then the risk is somewhat mitigated<\/i>.\u201d<\/p><\/blockquote>\n

What Rieva wrote is super-important. Anyone that\u2019s contemplating leaving<\/a><\/strong> the \u201csecurity<\/i>\u201d of a cozy corporate job to start their own business needs to understand the risk factors involved in a new business venture.<\/p>\n

Any new business venture, including franchise business ownership, is<\/i> a risky endeavor, but it doesn’t have to be. Wait\u2026let me rephrase that:<\/p>\n

Franchise ownership is a risky endeavor, but if you stick with me, I\u2019ll show you how to lower<\/i> your risk.<\/p>\n

So, if franchise ownership is something that you\u2019re seriously considering, it\u2019s important for you to see it for what it is: Franchise ownership is an investment of time and money that\u2019s not guaranteed<\/b>.<\/p>\n

Kind of lick getting “Free government money<\/a><\/strong> for a business start-up<\/em>“. It’s not guaranteed.<\/p>\n

Important:<\/b> Your success as the owner of a franchise business has more to do with you\u2026and the choices you’ve made, than it does with the actual franchise business model.<\/p>\n

What choices am I referring to? I\u2019m glad you asked.<\/p>\n

Franchise Ownership Doesn’t Have To Be A Risky Endeavor<\/h2>\n

The choices that you make-before you even go online to look for the franchise of your dreams<\/a><\/strong>, will greatly impact your chances of franchise ownership success. Owning a franchise doesn’t have to be risky. You just have to know how to do a lot of things right.<\/p>\n

If you want to make franchise ownership less risky, there are certain things that you need to know. The more you know, the better off you\u2019ll be. It\u2019s your choice<\/b>; you can take the time needed to learn about the things I’ve listed below, or you can just skim through them and do your own thing.<\/p>\n

Here\u2019s a list:<\/b><\/p>\n