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3 Tips for Becoming a Franchisee (60-Second Video) Here are three tips to help you become a franchisee.

By Andrea Hardalo

Opinions expressed by Entrepreneur contributors are their own.

Here are three tips about becoming a franchisee from The Franchisee Handbook by Mark Siebert.

  • Don't buy a franchise intending to fix a business that is broken. Franchising is a means of expanding a business that is already highly successful.
  • A franchise should never be an impulse or emotional purchase. Set specific goals and choose the best franchise opportunity that will help you achieve them.
  • When you buy a franchise, you are not buying the product. You are investing in the business system, so make sure you fall in love with it more than the product.

For more tips on becoming a franchisee, pick up the The Franchisee Handbook by Mark Siebert on sale now.
Andrea Hardalo

Social Media Editor

Andrea Hardalo is the social media editor of Entrepreneur.com. She previously managed social for Scout Media.

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