6 Questions to Ask Yourself When Choosing a Franchise
If you’re looking to hit the ground running in the business world, franchising might be perfect for you. Not only does franchising allow you to be in business for yourself, but it also provides a proven business model and constant support system.
But with thousands of franchisors to choose from, finding the right fit is often easier said than done.
1. What industry do I want to be in?
Food and restaurants, cleaning, home service, automobile, retail, senior care, pet care — the list goes on and on. Before you can decide which business is right for you, you need to have a clear idea of which industry you’re most interested in.
2. Have I done enough research?
Buying a franchise is not a decision you should make lightly or quickly. There should be no doubt in your mind that this is the right franchise for you when it comes time to sign a contract. If you are hesitant, you should research more about the business or even consider other industries.
3. Why am I Doing This?
It may seem obvious, but it’s a question many people don’t ask themselves. Are you joining this franchise because you believe in their mission, want to be in business for yourself, want to take control of your professional career, and want to help people and pets in your area?
4. Do my priorities align with the franchise’s?
Camp Bow Wow is a company started by dog lovers, for dog lovers. While growth and profitability are important to us, we “never put the dollar before the dog.”
5. Do I have enough to invest?
After reviewing the franchise’s Franchise Disclosure Document (FDD) you should be comfortable investing because you’re confident that you’ll make that money back, plus more. The startup investment for a Camp Bow Wow franchise is all-inclusive and ranges from $751,000 to $1,458,000 in 2019*.
6. Do I want to take on a partner?
Because there are pros and cons associated with partnership, it’s something every potential franchisee should consider.
*For more information on these costs, please refer to Item 7 of our 2019 Franchise Disclosure Document. Your costs may vary depending on a number of factors.
To receive your complimentary executive summary and learn more about franchise opportunities, fill out the form below or call us at (870) 600-2713. We’re looking forward to having you join the Camp Bow Wow family!