By Akhil Shahani, an EO Mumbai member and director of The Shahani Group
If you are contemplating buying your own franchise, you are sure to have myriad questions running around in your mind begging for answers. To ease your mind and to give you control during the decision-making process, we’ve prepared a checklist of 20 questions that you have to get the answers to before making the big leap:
- How long has the company been in existence before it started franchising? Was it specifically set up to franchise?
- What is the company’s financial position? You should check accounts for at least the last three years. Can you get trade or bank references?
By Ming Chan, an EO Los Angeles member and founder/CEO of The1stMovement.
Running a business can feel like a roller coaster. There can be times when you feel invincible, that everything’s going your way, that you can do no wrong. But there can also be times when the world weighs heavy on your shoulders, that things just won’t go your way, and that you can’t catch a break. Stick around long enough as an entrepreneur and you’ll experience them all.
So, as an entrepreneur, how do you keep from losing perspective, to weather those highs and lows for exactly what they are– the temporary ups and downs of growth? The key is to maintain balance at all times.