{"id":29493,"date":"2019-01-28T19:14:10","date_gmt":"2019-01-28T19:14:10","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=29493"},"modified":"2022-04-22T13:58:27","modified_gmt":"2022-04-22T17:58:27","slug":"do-this-first","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/do-this-first","title":{"rendered":"Do This Before You Start Looking For a Franchise to Buy"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/first-things-first.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-29504\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/first-things-first-620x414.jpg\" alt=\"do this before you look for a franchise to own\" width=\"645\" height=\"414\"><\/a><\/p>\n<p>When you&#8217;re looking for <a href=\"https:\/\/www.thefranchiseking.com\/are-you-actively-searching-for-a-franchise-to-buy\" target=\"_blank\" rel=\"noopener noreferrer\">a franchise to buy<\/a>, it&#8217;s <em>essential<\/em> to do things in the proper order. There are a couple of reasons for this.<\/p>\n<ol>\n<li>Contrary to what you may hear from <em>mostly<\/em> well-meaning people in franchising,<a title=\"owning a franchise\" href=\"https:\/\/www.thefranchiseking.com\/on-owning-a-franchise\"> owning a franchise<\/a> doesn&#8217;t come without risk.<\/li>\n<li>If you do things out of order, you may end up wasting valuable time <a href=\"https:\/\/www.thefranchiseking.com\/great-franchise-opportunity\" target=\"_blank\" rel=\"noopener\">looking at franchises<\/a> you don&#8217;t qualify for.<\/li>\n<\/ol>\n<p>&#8220;<em>The older I get the more wisdom I find in the ancient rule of taking first things first. A process which often reduces the most complex human problem to a manageable proportion<\/em>.&#8221;<\/p>\n<p>&#8211; Dwight D. Eisenhower, the 34th president of the United States<\/p>\n<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/eisenhower.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-29496\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/eisenhower-620x770.jpg\" alt=\"Eisenhower first things first quote\" width=\"200\" height=\"250\"><\/a><\/p>\n<p>There it is. &#8220;<em>First things first<\/em>.&#8221;<\/p>\n<p>That said, let me show you what you need to do <strong>first<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<h2>Do This Before You Start Looking For a Franchise to Buy<\/h2>\n<p>&nbsp;<\/p>\n<div class=\"tenor-gif-embed\" data-postid=\"7714113\" data-share-method=\"host\" data-width=\"100%\" data-aspect-ratio=\"1.9349593495934962\"><a href=\"https:\/\/tenor.com\/view\/money-counting-benjamins-dollars-gif-7714113\">Money Counting GIF<\/a> from <a href=\"https:\/\/tenor.com\/search\/money-gifs\">Money GIFs<\/a><\/div>\n<p><script type=\"text\/javascript\" async=\"\" src=\"https:\/\/tenor.com\/embed.js\"><\/script><\/p>\n<p>I&#8217;m not kidding. You need to count your money before you start looking for a franchise to buy.<\/p>\n<p>As obvious as this seems to be, I have a question for you:<\/p>\n<p>Have you calculated how much <a title=\"money magazine franchise articles\" href=\"https:\/\/money.com\/money\/4217877\/how-to-buy-a-business\/\" target=\"_blank\" rel=\"noopener noreferrer\">money<\/a> you have?<\/p>\n<p>Or, are you like way too many of the people who contact me for franchise advice-who don&#8217;t have precise personal financial information?<\/p>\n<p><strong>I can&#8217;t emphasize this enough:&nbsp;<\/strong><\/p>\n<p><em>If you don&#8217;t know how much money you have to work with, you&#8217;re going to end up looking at franchise opportunities that you can&#8217;t afford<\/em>. Why would you want to do that?<\/p>\n<p>Specifically, why would you want to waste your time getting excited about a particular franchise concept, one that&#8217;s <a title=\"the right fit\" href=\"https:\/\/www.thefranchiseking.com\/featured-franchise-opportunities\">a good fit for your skills<\/a> and may even be a perfect for your local area-if you don&#8217;t have the means to buy it?<br \/>\n<b>How depressing!<\/b><\/p>\n<p>&nbsp;<\/p>\n<h2>Don&#8217;t Blow This Off<\/h2>\n<p>Unfortunately, you may choose to ignore the simple advice I just gave you.<\/p>\n<p>In fact, you may click away from this post right now and go on your merry way. That&#8217;s fine; it&#8217;s your choice.&nbsp; Go ahead. Continue looking through <a title=\"top franchise websites\" href=\"https:\/\/www.thefranchiseking.com\/the-top-10-franchise-opportunity-websites\">these franchise opportunity websites<\/a>.<\/p>\n<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/click-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-29501\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/click-1-620x465.jpg\" alt=\"click franchise opportunity websites\" width=\"620\" height=\"465\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/click-1-620x465.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/click-1-320x240.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/click-1.jpg 640w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><\/p>\n<p>Click. Click. Click.<\/p>\n<p>In this case, I really&nbsp;<em>do<\/em> hope you find a great franchise opportunity.<\/p>\n<p>But more importantly, I hope you can afford it.<\/p>\n<p><strong>Wait!<\/strong>&nbsp;I have an idea.<\/p>\n<p><a title=\"net worth calculator\" href=\"https:\/\/www.thefranchiseking.com\/free-net-worth-calculator-from-the-franchise-king\"><strong>Use My Free Net Worth Calculator<\/strong><\/a><\/p>\n<p>That way, you&#8217;ll know exactly what you have to work with, money-wise.<\/p>\n<p>And so will your franchise salesman, as he&#8217;ll need to know that you qualify for<a href=\"https:\/\/www.thefranchiseking.com\/would-you-buy-a-franchise-from-donald-trump\" target=\"_blank\" rel=\"noopener noreferrer\"> the franchise opportunity he&#8217;s trying to sell you<\/a><\/p>\n<p>The upshot of all this?<\/p>\n<p>If you&#8217;re looking to buy a franchise, the information you need will be readily available.<\/p>\n<p>Questions?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you&rsquo;re looking for a franchise to buy, it&rsquo;s essential to do things in the proper order. There are a couple of reasons for this. Contrary to what you may hear from mostly well-meaning people in franchising, owning a franchise doesn&rsquo;t come without risk. If you do things out of order, you may end up [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29504,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[2119,32],"tags":[1943,1603],"class_list":["post-29493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-find-a-franchise","category-franchise-purchasing","tag-money","tag-net-worth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Do This Before You Start Looking For a Franchise to Buy &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"In this post, The Franchise King\u00ae imparts more of his business wisdom. &quot;Do This Before You Start Looking For a Franchise to Buy.&quot; Read this one.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thefranchiseking.com\/do-this-first\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do This Before You Start Looking For a Franchise to Buy\" \/>\n<meta property=\"og:description\" content=\"In this post, The Franchise King\u00ae imparts more of his business wisdom. &quot;Do This Before You Start Looking For a Franchise to Buy.&quot; 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Finally, he's been in franchising close to 25 years.","email":"joel@thefranchiseking.com","telephone":"2168312610","legalName":"Franchise Selection Specialists Inc.","foundingDate":"2002-01-20","taxID":"20-1184045","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.thefranchiseking.com\/#\/schema\/person\/b560fd324f6df9be52ac875e631beb66","name":"Joel Libava","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","url":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0c74981307dba3f4970cdf8359a1b2fc6ffe7721a2e3d1001acd9ac59db6ed61?s=96&d=mm&r=pg","caption":"Joel Libava"},"description":"I\u2019m The Franchise King\u00ae, Joel Libava. I'm the author of two helpful books on researching and buying a franchise. In addition, I'm a Franchise Ownership Advisor with 20+ years of experience working 1-on-1 with people interested in buying a franchise, safely. Subscribe to my free VIP Franchise Newsletter.","sameAs":["https:\/\/www.thefranchiseking.com","https:\/\/www.instagram.com\/thefranchchiseking1","https:\/\/linkedin.com\/in\/joellibava","https:\/\/in.pinterest.com\/franchiseking\/","https:\/\/www.youtube.com\/JoelLibava"],"knowsAbout":["Franchising"]}]}},"_links":{"self":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/29493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/comments?post=29493"}],"version-history":[{"count":0,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/posts\/29493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media\/29504"}],"wp:attachment":[{"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/media?parent=29493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/categories?post=29493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thefranchiseking.com\/wp-json\/wp\/v2\/tags?post=29493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}