Franchise Bits

The Wall Street Journal has a good look at what it really takes to own a franchise these days, by interviewing franchise owner James Sparks. Mr. Sparks is a Servpro franchisee, and he offers some really great advice to those of you ready to jump head long into the franchise business.

WSJ: What advice would you give to those interested in buying a franchise?

Mr. Sparks: I would interview at least five owners. I would also get experience in the field first, for at least six months. If I look back, I should have gone to work with another Servpro part time and gained the job-process experience. If I had more money saved and worked part time, I would be a year ahead of where I am now.

WSJ: What are some of the challenges you have faced?

Mr. Sparks: I’d say the money strain is the hardest. It’s taxing on your family…

You can read the full article at the Wall Street Journal

via Blue Mau Mau