Step Six - Question the Franchisor
The greatest single source of information on any franchise system is going to be the franchisors themselves, so don’t hesitate to ask questions. Prepare for every meeting by making a list of the questions you want to ask, and write down the answers. Be prepared to say if you don’t understand anything - the better informed you are, the more likely it is you will make the right decision.
You will have many questions about the specific industry, product or service which the franchisor will no doubt answer. However, you should also think hard about the franchise itself.
To help you in this, Franchise New Zealand has a list of 200 Questions You Should Ask. Go through this and mark the questions that particularly apply to this particular franchise or your own particular situation.
Essential reading
200 questions to ask the franchisor
last updated 20/11/2009
last updated 20/11/2009
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