3 Tips for Becoming a Franchisee (60-Second Video) Here are three tips to help you become a franchisee.

By Andrea Hardalo Feb 5, 2019

Opinions expressed by Entrepreneur contributors are their own.

Here are three tips about becoming a franchisee from The Franchisee Handbook by Mark Siebert.

Don't buy a franchise intending to fix a business that is broken. Franchising is a means of expanding a business that is already highly successful.
A franchise should never be an impulse or emotional purchase. Set specific goals and choose the best franchise opportunity that will help you achieve them.
When you buy a franchise, you are not buying the product. You are investing in the business system, so make sure you fall in love with it more than the product.

For more tips on becoming a franchisee, pick up the The Franchisee Handbook by Mark Siebert on sale now.

Andrea Hardalo

Social Media Editor

Andrea Hardalo is the social media editor of Entrepreneur.com. She previously managed social for Scout Media.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

By Amanda Breen

Business News

Homeowners in These 10 States Pay the Most in 'Hidden' Upkeep Costs

Hidden home costs pile on top of mortgage payments.

By Sherin Shibu

Growing a Business

5 Books to Help You Motivate, Unify and Build Perspective

In a post-Covid world, check out these must-read books to help build a more resilient organization, create a modern work culture and maintain a powerful growth mindset.

By David Wagoner

Money & Finance

Avoid These 10 Mistakes Entrepreneurs Make with Money

Despite the challenging statistic that only 5% of startups survive beyond five years, common financial pitfalls often contribute to their failure. Through personal observation, I've identified the prevalent financial mistakes made by entrepreneurs.

By Chad Willardson

Growing a Business

How Visionary Leaders Transform Curiosity Into Groundbreaking Ideas

Lee Brian Schrager, founder of the South Beach Wine & Food Festival, discusses the spark that launched FoodieCon, his best practices for running popular food events, and why all business owners need to adapt to social media trends.

By Shawn P. Walchef