A franchise is an established, proven business. Can you just do what the national chain tells you to do? Should I develop my own business plan?
Yes! This is your business, you run it!
In fact, you need a great business plan. Doing all the working up front means planning for your success.
“Owning a franchise reduces your risk, but it doesn’t eliminate it,” said Scott Lehr, who has been with International Franchise Association for 25 years.
Here are three reasons why you should start writing your business plan now: