Starting Out

Buying a franchise can be an investment in your future. But as with any major decision, you should thoroughly research the franchise industry, the franchise model and the pros and cons of owning a franchise. That’s why the International Franchise Association has developed this resource full of tips and information to help you get started. Congratulations on taking the first step towards being in business for yourself, but not by yourself.

An Introduction to Franchising 

• What is a franchise?  

• What are common franchise terms?  

• What are the alternatives to franchising?  

• What are the advantages and disadvantages of owning a franchise?  

• What are the legal issues in franchising? 

 
Navigating the Paper Trail 

• What are the key subjects in the franchise agreement? 

• What information is found in the Disclosure Document (FDD)?  

• What are the key items in the Disclosure Document (FDD)?  

• What do you have to know about financial statements?  

Beginning Your Search 

• What are your options when you begin your business?  

• How do you investigate your options?  

• How do you investigate a franchise? 

• What are your criteria for selecting a franchise? 
  

Evaluating a Franchise-Interviewing Both Sides 

• What should I ask the franchisor? 

• What should I ask the franchisees?  

• What questions should I ask myself before buying a franchise? 

• What are the keys to franchise success?