Team of Mentors
One of the most attractive aspects of Franchising is having the opportunity to go to a team of mentors. Often times, Franchisee’s are going to need advice, support and have general questions about the business. What separates Franchising from independent businesses, is the fact that Franchisee’s have the option to reach out to the Franchisor anytime they require assistance.
Most people purchase a Franchise over an independent business based solely on the fact that they have someone to go to when they need assistance. The most beneficial aspect of support is the fact that the type of support is disclosed before you purchase the Franchise. Included in item 11 of the Franchise Disclosure Document (FDD) is the available support provided by the Franchisor. Not only does this contractually guarantee assistance from the Franchisor, it also helps in the due diligence process of selecting a business.
The most successful business individuals have mentors to show them how to become successful. With a Franchise, you’re not only getting a team of mentors, you’re getting a team that is in the exact field, exact business and have been exposed to the exact challenges that could arise.