Home Staging and Franchises
If you're thinking about investing in an expensive franchise, do your research. While there are many advantages, there are many disadvantages. So watch for Clues to know when you should move on.Clue #1
Franchise sellers must disclose any lawsuits that have been brought against the company. You'll want to investigate both the quality of the suits as well as the quantity. 1-2 cases per 100 is considered a lot. Look at who began the suit, whether the franchisor or one of the franchisees. Check to see what the outcomes were.
Clue #2
The franchiser must also disclose the failures of their franchise's. A high turnover rate is not good. A high turn over rate of terminated franchises is not good.
Clue #3
Viable franchisors will be able to provide detailed numbers of how the business works on the individual level and how much money you can reasonably expect to make.
If this information isn't readily available, this is not good.
Clue #4
Unhappy franchise owners are another clue. If there is a consensus of unhappy owners, you'll probably wind up feeling just like they do. This is not good.
Clue #5
The franchisor and employees don't share similar values to yours. You want to associate yourself with people you feel comfortable with, who you believe you can trust and who you believe will support you every step of the way. Not every culture or person has similar values. If you cannot feel totally at ease, this is not good.
Fortunately the home staging business doesn't require anyone to own a franchise. You can learn the business quite affordably. I offer a basic tutorial, a gold course and a diamond combination course (staging and redesign). For details on all of these options, visit: Home Staging Courses.
posted by Barbara Jennings @ 6:46 PM
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