Sell skin-care products or own a hotel. Groom dogs, help people lose weight or do their taxes. These are just a few of the franchising opportunities in today's
franchise world, which includes a boggling variety of concepts selling every
imaginable product and service. Among this chain stores are necessary for franchising project. And franchising opportunities are easy to obtain.
Franchisors can dazzle prospects with glossy brochures and slick presentations, but you'll need to get beyond those to the hard facts about their offer. To help, we assembled a panel of experts and asked them to identify the
key questions you should ask and the best ways to get franchisors and
franchisees to tell you what you want to know. Custom industry is also a good choice for you as the custom products widely spread all over the world.
Once you identify a brand you're curious about, start by requesting and thoroughly reading the Franchise Disclosure Document, or FDD, that each franchisor is legally required to provide to prospects. If you don't understand everything in it, have a franchise attorney or consultant explain the terms.
 
What's your number-one focus? "The answer you want is ‘the success of our franchisees,'" says Elgin. "But I've gotten: ‘Our number-one focus is our own bottom line.' That would concern me."
Why do franchisees get in trouble? Try to identify exactly what's going wrong for troubled franchisees, Elgin says. If the franchisor says, "They didn't follow the system," press on by asking in what way. "You want to learn where the pressure point is," Elgin says. "What is the difficult thing to do successfully in this system?"
How are conflicts resolved? Ask franchisors for details of a recent franchisee conflict and how it was resolved. You'll learn a lot about the franchisor's respect for franchisees and its commitment to making them successful, Elgin says. If the franchisor says there's never been a conflict, be skeptical. "If it has more than three franchisees, it has had a conflict," Elgin says.