Editor’s Note: Jania Bailey, President/COO of FranNet, was recently featured in an AARP.org article focusing on things one should consider when looking at franchise ownership. A couple of excerpts are below with a link to the full article.
Many boomers eyeing a second career fancy the idea of running their own business. Yet the risk and work involved in starting a business from scratch can be daunting. One way to ease into entrepreneurship is to purchase a franchise.
Do a self-assessment
“Many people fall in love with a concept, product or service, but don’t look at what skills it takes to succeed in that business,” says Jania Bailey, president of the franchise consulting firm FranNet.