If you are looking for an ideal franchise business, visit a good Franchise Show
Buying a new franchisee can be a taxing experience. When you have too many choices available and can’t find all of them under the same roof, franchise shows can be a good option. For starters, you get to meet a diverse group of people all in the same venue. This can save a lot of headache and time. Here are some things you can do to make the most of such networking opportunities:
Know Your Mind
Before you head to the expo, ensure that you have clarity regarding the category of franchise business you want to enter. Also, do your homework and find out a little about each franchisor coming to exhibit. This would be helpful in not clouding your mind and remaining focused in the sea of opportunity you are about to enter.
You will be tempted into offers and schemes right away if you are not focused on the category of business you are aiming at. If this is just a get to know the ground session, then you might not make the most of a franchise expo. Remember, franchisors are coming to exhibit with a serious intent to collaborate and attract the appropriate franchisee partners. Dress well and have your facts straight. You must know your bank balance and ambitions before you strike a conversation with a prospective franchisor.
Have Questions- Ask!
Do not shy away from being curious and ask questions. You are about to make a huge move and have all the right to clear the smallest of doubt you may have. So don’t shy away from asking anything, even at the cost of looking silly. “Although exhibitors are ultimately at the expo to sell business opportunities, their first objective is to talk to as many potential franchisees as possible. They want to provide as many interested visitors with as much information on their business opportunity as they can,” add experts at WhichFranchise Company.
Every franchisor knows that because every prospective franchisee is unique, he or she will choose a franchise that best fits their specific lifestyle. So, the important question to ask should include queries on investment and royalty costs, hours of operation, as well as training and support. “If a specific franchise appeals to you, but you don’t have the necessary experience in the specific industry you should ask about the availability of training,” further adds Which Franchise Company.
This is a time when you may feel you are going to back to school times. So, carry a writing pad and pen. There is no harm in making notes and carefully collecting the brochures and handed out materials for future reference. This task will help you zero down on some prospective franchise businesses that you are going to use to make your final choice of a business partner.
“After you have attended a franchise show, take some time to review the information you have gathered. Look through all of the materials and notes you have, and start to put together a shortlist of the franchises you like. Rank them according to important criteria you have, e.g. the industry they are in, the amount you need to invest, and the type of support they offer. Now, move to the next step of having in-depth conversations with each franchise. Normally, when you have chatted with a franchise at an expo, they will follow up this meeting with a call. If you receive this call within a week or so after the expo, this is a pretty good indicator that they are interested in you as a potential franchisee. It is also a great sign that they are on the ball, and are going to support you throughout the entire process,” advised the franchise advisors at the Dwyer Group.