{"id":10318,"date":"2013-06-25T12:00:06","date_gmt":"2013-06-25T16:00:06","guid":{"rendered":"https:\/\/www2.franchisegator.com\/articles\/?p=10318"},"modified":"2022-03-03T15:11:21","modified_gmt":"2022-03-03T20:11:21","slug":"buying-a-franchise-its-all-about-the-relationship-11398","status":"publish","type":"post","link":"https:\/\/www.franchisegator.com\/articles\/buying-a-franchise-its-all-about-the-relationship-11398\/","title":{"rendered":"Buying a Franchise: It’s All About the Relationship"},"content":{"rendered":"

Buying
\n a franchise is an interesting prospect.  When I was a young franchise
\nconsultant it seemed very simple: someone sought out an interesting
\nconcept that, hopefully, would make them a few bucks, they invested in
\nit, and off they went.  You would think after 15 years I would have
\nfigured out a way to simplify the process even further, but it’s quite
\nthe contrary. <\/span><\/p>\n

As
\n I quickly learned, a lot of factors contribute to matching the best
\nfranchisees with the best franchisors. After all, we’re not buying cars
\nhere, where we sign a stack of documents, shake hands, get the keys and
\nleave the lot.<\/span><\/p>\n

Buying
\n a franchise is a mammoth change for any franchisee; it’s a major
\ninvestment and one that may alter the future of their family and
\nlivelihood for decades.  And for the franchisor it’s no small decision
\neither. A great new franchisee can be the catalyst for further change:
\nrevealing new franchise partners, driving revenues through friendly
\ncompetition with other franchisees, increasing buying power and
\nimmersing himself in best practice exchanges.  <\/span><\/p>\n

It’s
\n important for both franchisor and franchisee to create specific
\ncriteria of what they’re looking for in a new partner and then clearly
\npresent those criteria and expectations to one another.  As soon as the
\nunion is made, it is important to respect each other’s roles and allow
\neach party to execute to the best of their abilities within the
\nexpectations of the relationship.  In short, a franchisee should never
\ntry to run the franchise and constantly challenge the system. In return,
\n the franchisor should allow the franchisee flexibility, within, to use
\nthe systems created and run their franchise to the best of their
\nability.<\/span><\/p>\n

Franchising
\n is a beneficial partnership.  It allows both parties to explore and
\nsatisfy their individual goals and operate within a group dynamic, and
\nit also provides both franchisees and franchisors with the unique skills
\n and support they need to foster each other’s accomplishments. When
\ntimes get tough, franchisors and franchisees remember that they’re in it
\n together. They sit down, revisit the criteria that brought them
\ntogether and attempt to redefine their roles. Oftentimes, redefining
\ntheir roles makes them appreciate each other again. <\/span><\/p>\n

 <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Buying a franchise is an interesting prospect.  When I was a young franchise consultant it seemed very simple: someone sought out an interesting concept that, hopefully, would make them a few bucks, they invested in it, and off they went.  You would think after 15 years I would have figured out a way to simplify … Buying a Franchise: It’s All About the Relationship<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":10319,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-10318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-how-do-i"],"yoast_head":"\nBuying a Franchise: It's All About the Relationship - Franchising Blog<\/title>\n<meta name=\"description\" content=\"Buying a franchise is an interesting prospect. 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