Phase 4: Discovery Day
Time to meet the team.
Key questions to ask yourself.
Do you hold the franchisor in high esteem?
Do you appreciate the franchisor's approach to conducting business?
Are you willing to comply with the franchise system's rules and regulations?
Are you content with the responses provided by the franchisor?
Can you envision yourself managing the business for the next 5-10 years?
Can you afford to invest in the franchise opportunity?
Do you have the support of your significant other?
Have you obtained comprehensive answers to all of your questions?
Do you comprehend all aspects of the franchise support package?
Has the franchisor assessed your suitability for the franchise?
Can you see yourself succeeding in the franchise system?
Would you find enjoyment in participating in this franchise system?
Are you enthusiastic and driven to achieve success?
Will this business enable you to meet your personal and family objectives?
Have you developed a positive relationship with the franchisor and other franchisees?
Overall, these questions are designed to help individuals assess their suitability for investing in a franchise, taking into account factors such as personal and family goals, financial considerations, and compatibility with the franchisor's values and business practices.
Discovery Day Preparation Document
Your nerves may be getting the best of you now. Let’s use this visit to make sure you are partnering with the right people!