It’s a sound piece of advice offered freely - the prudent franchise buyer should have a healthy fear of fraud.
Being in business for one’s self has remained an attraction for many throughout this recent long period of companies downsizing, lack of job security and the national unemployment rate at 9.6 percent. Many individuals continue to take control of their destinies and invest in a franchise with a proven model.
Franchisees combine knowledge and resources with entrepreneurial drive and spirit to form a business relationship unique to franchising. Successful franchisees insulate their business and business practices from fraud from the outset.
It’s a mutually beneficial business model, a relationship that provides entrepreneurs with an affordable means of achieving development goals often more quickly and with far less risk. Franchisees gain that head start because of the brand awareness, expertise and support provided by the franchise system.
As with all legally binding contracts, the parties to the franchise contract rely upon the expertise of their legal advisors. Time to ask yourself, does your lawyer know about all the potential for fraud that could exist without a level of due diligence appropriate to this particular agreement?
Prudent franchise buyers take advantage of advice given by expert franchise consultants to supplement their natural caution and protect their investment from the outset and that includes against fraud.
I founded MatchPoint Franchise Consulting Network in 2006 with a mission of helping companies expand their franchise networks and improve their system profitability. From its inception it was clear that free advice offered to franchise buyers by MatchPoint is vital to the would be franchisee to enable a better, prudent, buying decision.
MatchPoint consultants trained by Nigel Mayne know the tell-tale signs of fraud in the industry he advice offered by our consultants does not make us lawyers, but is there to help bring all advice sought by the potential franchisee during the due diligence process to a high level of quality.
Advice sought prudently – Did you get the message?
Taking full advantage of the free advice offered by franchise industry experts may minimize possibilities of fraud arising which will impede success of your new franchise venture from the outset.
