{"id":715,"date":"2010-12-29T22:13:05","date_gmt":"2010-12-29T22:13:05","guid":{"rendered":"https:\/\/expandsmtest.com\/franchiseking\/shopping-for-a-franchise-business\/"},"modified":"2021-11-30T20:38:43","modified_gmt":"2021-12-01T01:38:43","slug":"shopping-for-a-franchise-business","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/shopping-for-a-franchise-business","title":{"rendered":"Shopping For a Franchise Business?"},"content":{"rendered":"<p><span style=\"color: #2d2d2d;\"><strong>Whenever I meet someone in person, or via phone\/Skype, that tells me that they&#8217;re &#8220;<em>shopping for a franchise<\/em>,&#8221; I stiffen up, and immediately enter the stress-zone.<\/strong><\/span> <strong><span style=\"color: #c00000;\">My blood pressure rises<\/span><\/strong>, the vein in the middle of my forehead starts to<strong> throb<\/strong>, and I know that it&#8217;s time to hold my tongue.<\/p>\n<p><strong>Please, please, please, don&#8217;t enter the franchise shopping zone.<\/strong> There&#8217;s no such thing&#8230;.<\/p>\n<p>It&#8217;s not like you&#8217;re out <strong>shopping<\/strong><em> and then<\/em> <a title=\"buying a franchise\" href=\"https:\/\/www.thefranchiseking.com\/buying-a-franchise-isnt-like-buying-a-new-car\" target=\"_self\" rel=\"noopener\"><strong>buying a new car<\/strong><\/a> at your local car dealership.<\/p>\n<p><em>It&#8217;s so different.<\/em><\/p>\n<p><!--more--><\/p>\n<p>And, it&#8217;s <em>really different <\/em>than the type of shopping that <a title=\"chris brogan buys a car off the internet\" href=\"https:\/\/www.chrisbrogan.com\/buy-a-car-off-the-internet\/\" target=\"_self\" rel=\"noopener\"><strong>my friend Chris Brogan<\/strong><\/a> did over the summer.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"asset  asset-image at-xid-6a00d8341ca59e53ef0147e11fca2f970b\" title=\"Camaro\" src=\"https:\/\/thefranchiseking.typepad.com\/.a\/6a00d8341ca59e53ef0147e11fca2f970b-320wi\" alt=\"Camaro\" width=\"381\" height=\"241\"><br \/>\n<span style=\"color: #000000;\"><strong>Chris Brogan<\/strong>, and his new Chevrolet Camaro <strong>SS<\/strong><\/span><\/p>\n<p>Let&#8217;s look at the word itself; <em>shopping<\/em>.<\/p>\n<p>To me, &#8220;<em>shopping<\/em>&#8221; means going to <strong>Target<\/strong>, or to my local grocery store.<\/p>\n<p>If I take things up a notch, it may mean going to <strong>Sears<\/strong>, <strong>or Best Buy<\/strong>, and &#8220;<em>shopping<\/em>&#8221; for a new washing machine.<\/p>\n<p>If you&#8217;ve been a follower of this blog for awhile, you may remember my post that compared shopping for a brand new washing machine to shopping for a franchise business.<\/p>\n<p>In the post I wrote that &#8220;<em>buying a franchise isn&#8217;t really like going out to buy a washing machine. If you make a mistake on your choice in washing machines, if you really have to, you can just go out and buy another one<\/em>.&#8221;<\/p>\n<p>( <em>I&#8217;m <strong>not<\/strong> saying that buying a new washing machine right after buying a new washing machine would be very pleasurable.<\/em>)<\/p>\n<p><strong>But, I did say this;<\/strong><\/p>\n<p>&#8220;<em>Investing $200,000 of your own money in a franchise business is an entirely different ballgame. If you make an error or two in your research, you could lose your entire investment.&#8221;<\/em><\/p>\n<p>The rest of the post is worth the read, especially if you&#8217;re familiar with the<strong> Maytag<\/strong> brand. <a title=\"maytag washing machine franchises\" href=\"https:\/\/www.thefranchiseking.com\/researching-franchise-opportunities-are-exactly-like-researching-washing-machines\" target=\"_self\" rel=\"noopener\"><strong>Read it.<\/strong><\/a><em><br \/>\n<\/em><\/p>\n<p><strong><span style=\"font-size: 10pt; font-family: arial black,avant garde;\">Are you picking up what I&#8217;m putting down?<\/span><\/strong><\/p>\n<p>In my usual gentle way, I&#8217;m trying to teach you something here, if you haven&#8217;t figured that out already.<\/p>\n<p><strong>I&#8217;m trying to make sure that you know the difference between shopping, and then investing, $200,000 of your own money into a franchise business of your own, and shopping, and then investing, $400-$500 in a quality washing machine. <\/strong><\/p>\n<p>Now, <em>I know<\/em> that you &#8220;<em>know<\/em>&#8221; the difference in your head, but do you &#8220;<em>know it<\/em>&#8221; in your gut, too?<\/p>\n<p><strong>How much fear<\/strong> is really involved when you&#8217;re shopping for a new washing machine? How much are you really going to research one? I&#8217;ll go a little farther into this. <em>Even if you&#8217;re really, really anal, how much time and energy are you really going to spend on this little exercise?<\/em> How much stress are you really going to be feeling?<\/p>\n<p>If you&#8217;re not already getting your undies in a bunch thinking about going out and &#8220;<em>shopping<\/em>,&#8221; or, I&#8217;m taking a big risk here&#8230;even <strong><em>buying<\/em><\/strong> a brand new washing machine, then you&#8217;re ok in my book.<\/p>\n<p><strong>The point is this;<\/strong><\/p>\n<p>When you start exploring opportunities in franchise ownership, it&#8217;s <em>not <\/em>a shopping expedition. It&#8217;s confusing. It&#8217;s a little aggravating at times. But, it&#8217;s exciting, too! There are<em> just lots<\/em> of choices.<\/p>\n<p>There are also <em>lots<\/em> of different <strong>entry points<\/strong>.<\/p>\n<ul>\n<li>There are <a title=\"new franchises\" href=\"https:\/\/www.thefranchiseking.com\/new-franchise-concept-isnt-sitting-on-the-fence\" target=\"_self\" rel=\"noopener\"><strong>new concepts<\/strong><\/a>.<\/li>\n<\/ul>\n<ul>\n<li>There are hot concepts.<\/li>\n<\/ul>\n<ul>\n<li>There are old and tired franchise concepts.<\/li>\n<\/ul>\n<ul>\n<li>There are franchise concepts that are <a title=\"quiznos franchisees lawsuits\" href=\"https:\/\/www.thefranchiseking.com\/quiznos-franchise\" target=\"_self\" rel=\"noopener\"><strong>embroiled in lawsuits<\/strong><\/a>.<\/li>\n<\/ul>\n<ul>\n<li>There are franchises that have great salespeople.<\/li>\n<\/ul>\n<ul>\n<li>There are franchises that have aggressive salespeople.<\/li>\n<\/ul>\n<ul>\n<li>There are franchises that are ripe for the taking.<\/li>\n<\/ul>\n<ul>\n<li>There are franchises that should be taken out.<\/li>\n<\/ul>\n<p><strong>The point I&#8217;m still trying to make is this;<\/strong><\/p>\n<p>Looking for a franchise opportunity that fits what you say you&#8217;d like to have in a business of your own is serious stuff. <em>It&#8217;s not casual shopping<\/em>. This is your professional life we&#8217;re talking about here.<\/p>\n<p><strong><span style=\"font-size: 10pt; font-family: arial black,avant garde;\">Not there yet?<\/span><\/strong><\/p>\n<p>Now, you may not be all the way there yet. In your mind, you may be &#8220;<em>shopping around.<\/em>&#8221; I understand. So&#8230;.<\/p>\n<ul>\n<li><a title=\"franchise tests and franchise quizzes\" href=\"https:\/\/www.thefranchiseking.com\/quiz\" target=\"_self\" rel=\"noopener\"><strong>Find out if you&#8217;re suited<\/strong><\/a> to the sometimes rigid business model of franchising.<\/li>\n<\/ul>\n<ul>\n<li>Go to some <a title=\"best franchise websites\" href=\"https:\/\/www.thefranchiseking.com\/the-top-10-franchise-opportunity-websites\" target=\"_self\" rel=\"noopener\"><strong>great franchise websites<\/strong><\/a>.<\/li>\n<\/ul>\n<ul>\n<li>Look around. <a title=\"learn about franchising\" href=\"https:\/\/www.franchiseonlineuniversity.com\" target=\"_self\" rel=\"noopener\"><strong>Learn about franchising<\/strong><\/a>.<\/li>\n<\/ul>\n<p>Remain in casual mode, for a while. Then, when you&#8217;re ready to really dig in, <em><strong>dig deep. <\/strong><\/em><\/p>\n<p><strong>Dig a deep trench, and surround yourself with folks that know franchising.<em> And<\/em> franchise law.<em> And<\/em> small business accounting.<\/strong><\/p>\n<p>But, don&#8217;t shop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whenever I meet someone in person, or via phone\/Skype, that tells me that they&rsquo;re &ldquo;shopping for a franchise,&rdquo; I stiffen up, and immediately enter the stress-zone. My blood pressure rises, the vein in the middle of my forehead starts to throb, and I know that it&rsquo;s time to hold my tongue. Please, please, please, don&rsquo;t [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[32,47],"tags":[152],"class_list":["post-715","post","type-post","status-publish","format-standard","hentry","category-franchise-purchasing","category-hot-franchise-topics","tag-chris-brogan"],"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>Shopping For a Franchise Business? &#8212; The Franchise King\u00ae<\/title>\n<meta name=\"description\" content=\"Shopping For a Franchise Business?\" \/>\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\/shopping-for-a-franchise-business\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shopping For a Franchise Business?\" \/>\n<meta property=\"og:description\" content=\"Shopping For a Franchise Business?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thefranchiseking.com\/shopping-for-a-franchise-business\" \/>\n<meta property=\"og:site_name\" content=\"The Franchise King\u00ae\" \/>\n<meta property=\"article:published_time\" content=\"2010-12-29T22:13:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-01T01:38:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefranchiseking.typepad.com\/.a\/6a00d8341ca59e53ef0147e11fca2f970b-320wi\" \/>\n<meta name=\"author\" content=\"Joel Libava\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/shopping-for-a-franchise-business#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/shopping-for-a-franchise-business\"},\"author\":{\"name\":\"Joel Libava\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#\\\/schema\\\/person\\\/b560fd324f6df9be52ac875e631beb66\"},\"headline\":\"Shopping For a Franchise Business?\",\"datePublished\":\"2010-12-29T22:13:05+00:00\",\"dateModified\":\"2021-12-01T01:38:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/shopping-for-a-franchise-business\"},\"wordCount\":752,\"publisher\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/shopping-for-a-franchise-business#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thefranchiseking.typepad.com\\\/.a\\\/6a00d8341ca59e53ef0147e11fca2f970b-320wi\",\"keywords\":[\"chris brogan\"],\"articleSection\":[\"Franchise Purchasing\",\"Hot Franchise Topics\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2010\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.thefranchiseking.com\\\/shopping-for-a-franchise-business\",\"url\":\"https:\\\/\\\/www.thefranchiseking.com\\\/shopping-for-a-franchise-business\",\"name\":\"Shopping For a Franchise Business? 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