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Become a Franchise Owner!: The Start-Up Guide to Lowering Risk, Making Money, and Owning What you Do Hardcover – December 6, 2011
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From the Inside Flap
With more and more professionals looking for alternatives to traditional corporate employment, Become a Franchise Owner! explains the joys and perils of the franchise model. Joel Libava, "The Franchise King®," offers straightforward, step-by-step tips and advice on how to properly (and carefully) research and select a franchise business. Through real-world examples, Libava also details what not to do when buying a franchise—errors that could cost you hundreds of thousands of dollars when you're finally forced to walk away from a failed business.
Become a Franchise Owner! offers the information and tools you need to take advantage of the franchise model:
Take a self-evaluation quiz in order to determine if you're franchise material
Learn to assess your skill set and match your interests and aptitudes with an appropriate franchise
Get tips on how to locate information about current industry trends, interview franchisors/franchisees, and how to discover hot franchise opportunities
Learn the forty crucial questions to ask before buying a franchise
Owning a franchise isn't for everyone; in fact, as Joel Libava says, "It's really not for most people." But if it is for you, this book can guide you in starting your own successful franchise business.
From the Back Cover
Praise for Become a Franchise Owner!
"Joel 'The Franchise King' Libava knows what he's talking about. That's why I handpicked him to become the resident franchise expert at my publicationno one else gives the same balance of facts and informed advice." Anita Campbell, CEO and Editor in Chief of SmallBizTrends.com
"Joel Libava goes beyond what's necessary. He gives you the heart of the matter in regard to becoming a franchise owner, and guides you in what to do with that information. Get this book and grow!" Chris Brogan, coauthor of Trust Agents
"The decision to become a franchise owner is a big oneyou would be crazy to even consider making it without Joel Libava's years of experience in your corner." John Jantsch, author of Duct Tape Marketing and The Referral Engine
"Joel is indeed the Franchise KingI wouldn't even consider buying a franchise without reading his book twice." John Warrillow, author of Built to Sell: Creating a Business That Can Thrive Without You
"Joel's no-nonsense attitude and refreshing honesty comes through in droves in this outstanding book. Prospective franchisees will find the Franchise King's approach very effective, highly educational, and entertaining. This book is a must-read for anyone thinking about buying a franchise." Rob Goggins, Vice President of Franchise Development, Great Clips, Inc.
Top Customer Reviews
|Length: 3:20 Mins|
The author takes a very practical approach to lowering your risk when finding and purchasing a franchise. He doesn't push franchising on you and even has a test to see if you are a right fit for franchising. The book also answered most of my questions like: Should I use a franchise consultant and what do they do in the first place? How much can I afford to start a franchise? Is financing available? What is the process of purchasing a franchise? What is the FDD and what parts are important? What should I ask when I talk to other franchisees? and more.
I would have liked the author to go more into if a person should create a LLC, S-Corporation, etc. There was only a paragraph on that and I'd like to know more about the plusses and minuses of each and when to create one. Other than that, the book was fantastic. Buy this one first before any others!
A quick and interesting read, Joel Libava (aka "The Franchise King") filled me in on so much that I did not know, while confirming what I had already discovered by my own less efficient methods. Hence, not only are we now using this book as our road map, but we have decided to actually work with Joel--I was that impressed with this book!
The downside of making the wrong decision is monumental. For many people, like my relative, a mistake with this amount of money, at this stage in his life, may not be something that he and his family would be able to recover from.
There is no such thing as having too much information before making a decision of this magnitude; this author has the years of experience in franchising that most of us do not have. I HIGHLY recommend this book because some of the saddest words in the English language are, "If only I had known..." So, buy this book and find out now what you don't know before plunking down your hard earned money on a franchise.
Very easy read, the author takes an entertaining and informal tone while delivering key information about all aspects of franchising. I finished the book in two days. (My wife asked if I had found a can't-put-it-down mystery or something...)
Now I'm ready to continue my research armed with all kinds of new insights and ideas. But also tempered by the warnings and insights from Joe that not everyone is cut out for or prepared for life as a franchisee. He's very honest about that and challenges you to be honest with yourself about it.
I definitely recommend this book to anyone considering venturing into franchising.
Most Recent Customer Reviews
Investing in a franchise is not an inexpensive venture. Having read Joel's book I have a clear idea of how to do detailed research before signing a franchise contract. Read morePublished 1 month ago by Janie Cox
Joel has done a magnificent job in sharing what franchise ownership means and how to become an informed buyer.Published 6 months ago by Craig Slavin
Talk about a no-brainer! This is obvious: if you're even considering investing in a franchise, this book pays for itself a thousand times over. Read morePublished 10 months ago by Tim Berry
This book and an hour or so of consultation with Joel is what led my son and I to ultimately move forward with our decision to purchase a Window Genie franchise. Read morePublished 10 months ago by Greg Pyles
Extremely helpful read as I consider many possible career directions shortly after getting laid off from Fortune 500 firm. Read morePublished 13 months ago by DJG