Franchising is a great business model – for those who understand how it works and are a good fit for it. It can be lucrative to buy a franchise and a great way for someone to get into business using a proven system.

Buying a business is a big deal. Even if the purchase is at a lower purchase price, your money, your time and your resources are still at stake. Making a good decision is important. Buying smart is critical.

For small business owners, the balance between working in the business versus working on the business can be a difficult one to strike. We often find ourselves putting out fires or addressing short-term issues, instead of focusing on taking actions that will result in long-term growth and profitability for the business.

Franchising is different. Unique. It is unique because (1) you’re dealing with a concept that has already been proven, (2) that concept comes with instructions, and (3) there is a third party who has a direct financial, ongoing interest in your success - the franchisor. It’s a great model for some. Is it the right model for you?