Franchising Fundamentals - Insider Fundamentals to Finding the Right Franchise
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Franchising Fundamentals, based in the Midwestern United States is an affiliate of Franchise Network (FranNet). FranNet is the world's original, premier network of franchise brokers and consultants with over 100 associates across the U.S., in Canada and internationally. No other consulting group has successfully helped more people realize the dream of business ownership than FranNet. Our services are free to you, the client. Our ethical and experienced consultants provide guidance, information and support while helping clients achieve their goals safely and affordably. 


What We Do For You 

Our services are FREE to you, the prospect! Here is how we help you to find the franchise that is right for you.

FranNet's large group of experts specialize in helping you learn about the many choices available and how to select the RIGHT ONE for you! FranNet will provide you with guidance, information, and support as you seek your goals. We are ethical and experienced consultants who can help you find what you want affordably and safely.

No other franchise organization has as much experience and as much success in helping prospective franchisees find businesses.
Investing in a business is a big decision. No doubt you have many questions. Here you will find answers to our most frequently asked questions.

1. Who is FranNet?
FranNet is the world's largest network of franchise consultants. We provide a broad array of services that include help in turning a company into a franchise, and helping a prospective franchisee learn about the many choices that franchising offers to him or herself. Each of our over 50 offices is individually owned and operated. For information on your local office, check out our office locations.

2. What is a FranNet Consultant?
A FranNet consultant is an independent consultant. Many of the consultants who are part of the Franchise Network Group have broad experience in the Franchise industry. Within our group we have past or present franchisers, franchise executives, franchisees, regional and area developers, and other business professionals.

3. Why should I use a FranNet Consultant?
We believe that you should use a FranNet Consultant because it allows you to get a series of choices, and services all in one place.

We help you by giving you assorted research and information that will help you investigate different franchises. We also can help you find other professionals, including franchise attorneys, financial institutions, and business advisors.

We can help introduce you to many different franchisers, so that rather having to go from place to place to learn about specific businesses, you can learn the basics about several all in one spot!.

Perhaps, most importantly, FranNet consultants have no special reason for wanting you to buy one business as opposed to another. As such, we can give you advice that you can use and apply to each and every business that you look at.

We help you to create a personal business model that includes not just those things that you are looking for in a business, but also how they will be factored into your life, and your lifestyle.

This means that when you start to research different franchisers, you will have uniform criteria to measure each business opportunity against.

4. Does it cost more to work with FranNet?
The answer is absolutely NO! We get paid, if and only if, you find a franchise that you buy. We are paid a portion of the fees you would pay anyway, irrespective of whether you go to the franchisor directly, or are introduced to them by us.

Since we get paid a portion of the franchise fee, and since most franchise fees fall within a very narrow range we have no reason to suggest that you buy a more expensive franchise, or any franchise in particular!

5. How will FranNet help me save money?
FranNet helps you to save money in several ways: You can learn about franchising, researching your business, identifying the right structure and strategic mix of the businesses you are looking, and introducing you to the franchisers that fit your model. Instead of going from place to place, you can get all this information in one place. This saves you both time and money.

We'll encourage you to do thorough first person research on any franchise that you are investigating, and we'll even help you find a choice of franchise attorneys and other advisors to consult with before you buy.

Since we believe that the more you know, the better are the odds that the choice you make will be a good one, we stress spending time to do research before you buy. Once you've bought the business, it's too late to change your mind.

6. How will FranNet help me buy a Franchise?
FranNet will help you to buy your business by providing a series of services to you. It's important to remember that the decision will always be yours, so the responsibility for making a good one rests with you. Our biggest value is that we help you to discover choices, and to make sure that the choices match up with the unique strategy, goals, and needs that you personally possess.

So, we try to help set up ground rules that you can use when you look at any business. We help you to build your personal model of an ideal business. We take into consideration all the things that you feel are important to you.

We start by providing you with a packet of literature and suggesting you come to one of our free educational seminars, where additional information may also be available. We give these seminars regularly in local communities, often in association with other interested groups, like the United States Small Business Administration, SCORE (Service Corps. of Retired Executives), Small Business Development Centers (SBDC's), financial institutions, lawyers, and financial advisors.

These seminars give an overview of franchising. The information at these seminars includes such items as: Understanding the basics of franchise regulations, and what is a Uniform Franchise Offering Circular (UFOC),what types of franchises are there and how much do franchises cost? We also talk about how you can identify the types of franchises that best suit your needs and goals.

Next, we ask you to fill out one of our confidential Questionnaires. This information tells us a lot about you, including how you see yourself, and what your investment criteria may be. It's important to remember that the amount of your investment does not necessarily correspond with the quality of the business you buy, but we need to know your own investment ability and comfort level.

After you have returned the questionnaire to us, your local or most convenient FranNet office will schedule a personal meeting with you. If that is not possible we will schedule a telephone meeting with you. Meetings last 1 1/2 hours, - 3 hours and are spent understanding your own personal goals, skills, personality, strategies, ambitions, hopes and dreams. We then will introduce you to several franchises that meet your structure and strategy, and suggest that you contact these franchisers directly.

We forward your information questionnaire, and an overview of our meeting to each franchisor, and arrange for you to have an initial conversation. We provide you with many research tips, including some sample questions to ask other franchisees, a four step research plan, information on how to avoid outside ambushes, and other helpful hints.

After you are in the personal research stage with your franchisers, we stay in touch with you to see if you feel you are headed in the right direction, and to make sure that you are satisfied that the franchisers you are talking to meet your personal criteria.

We encourage you to do extensive research, and urge you not to settle if you are not sure that what you are looking at is the right business for you. There are simply too many choices to have to buy one that you are not satisfied with, no matter what your risk tolerance and personal strategy is.

If you have not found a proper fit in the first group of franchises that you look at, we factor in any additional criteria that you may have, further refine your personal model, and invite you to come back into the office.

We can also help you find choices of franchise attorneys, financing choices, and other assistance that you may want or need. We will give you a list of each type of professional, and suggest that you interview them to find one that you like, and feel comfortable with.

7. Why can't I just deal directly with the franchise company of my choice?
The answer is that you can. You are free to do whatever you think makes the most sense to you. Our service is one that allows you to learn about many different business, without having to go from place to place.

More importantly, most people don't know the choices that exist in franchising, and tend to make decisions without sufficient knowledge. We can help you understand your choices, and how to investigate them more thoroughly, and more intelligently.

Remember, there's no cost to you for our services, so perhaps the better question might be, Why would you want to go directly to any specific franchisor until you have learned about the choices that exist for you?

 
 
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