Franchising, is it for you?

We've all eaten at Mc donalds at one point in our lives and don't you just wish that you can have the same success? Well, you can! All that you need is hard work, perseverance & a good product. I found an article while surfing the net the other day and I just thought that I should share It with you.

The following is an article from Franchise Solutions

"The first thing a potential franchisee needs to know about is the UFOC (Uniform Franchise Circular Offering). The UFOC, by law, is a document that a franchisor or franchise broker must present to the person who is seriously considering buying a franchise. It contains extensive information about the franchise being considered. Additionally, you must be provided with completed contracts covering all material points at least five days prior to the actual execution of the documents. This time gives you the opportunity to review contracts with a lawyer and provides a cooling off period to ensure your final decision is not only emotional, but rational as well.

Everyone wants to know how much money they will earn before they actually buy a franchise. Legally, a company must decide whether or not they want to estimate the amount of money a franchisee will make. If they choose to make an estimate, they must have documented proof that most of their franchised locations are that successful. Most franchisors will not make earnings claims to prospective franchisees, but you can find out if the company you are interested in has an earnings claim by looking at their UFOC. Earnings claims will always be Item 19 in any UFOC.

If, however, a franchisor states that you will "earn a lot", without any proof or an actual monetary amount, they are puffing. Puffing is legal, but not necessarily ethical. If, on the other hand, a franchisor gives you a set amount that you will earn or even states that you will earn six-figures, without any proof, this is not only unethical but illegal."

Franchising is really a good option specially for people who have no time to spare but wants to earn some good honest cash. But in the end it is still up to you if Franchising is what you really want. Be wise and prosper!