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With more than 3,500 franchise companies in over 90 different industries offing franchised opportunities, where does one start to look for the right concept for them? Usually, first time franchise buyers start with myths and misnomers regarding what makes a good business model. Majority of the time, the misconceptions of business ownership usually leads people to the wrong franchise. Ideas such as; having no competition is a good thing, or, getting involved with a business that has to do with a hobby will be easy to operate. Tom Scarda and Matt Stevens, with more than four decades of franchise ownership experience help to identify 21 common traps that new franchise buyers get caught in. If you're thinking about investing in a franchise, this is a must read.
The Road to Franchise Freedom: Avoiding Common Traps of Franchise Review Matt Stevens
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