Robyn Vescovi, a former financial executive who recently became a Tasti D-Lite franchisee, offers the following advice
Question:
Robyn Vescovi, a former financial executive who recently became a Tasti D-Lite franchisee, offers the following advice to first-time franchisees: Do your homework. Research the brand (both the long- and short-term business models) Know the team behind the brand and understand their vision for that product/business. Know them as franchise experts and know their proven successes. Know yourself and your limits. This will help you determine the right business (e.g., new and innovative franchise or well-established franchise). Be involved! Don’t expect that things “will just happen.” You have your own business, but you are part of something bigger, and it is in your best interest to participate in whatever you can in support of that brand/product. Don’t be an “absentee franchisee.” Do you agree? Explain. What other advice can you offer first-time franchisees?
Step by Step Answer:
Essentials Of Entrepreneurship And Small Business Management
ISBN: 9781292266022
9th Global Edition
Authors: Norman M Scarborough, Jeffrey R. Cornwall