The Perfect Franchise Based System

What is it about that business model that first caught your eye? Was it the lure of easy money? The idea that you would be your own boss and not have to take orders from anyone but your significant other? Or maybe it was simply the right time and place to finally go out on your own.

A franchise system must envelope everything you want in a business but more importantly it should be extremely current as it pertains to technology and paperwork of the business. On the technology front, ask yourself if this franchise will need special equipment, or possibly expensive software to operate it. The cost of new machinery and software can be daunting and may not be included with your franchise payment.
The other being the paperwork. You are basically buying into a system that has been duplicated and currently working for the franchisor and his franchisees. If the paperwork is an important aspect of the business as it may pertain to sales contracts or other issues, then it is most important to the sustainability of your new business. If the paperwork falls short, so will your future business.

Have a close look at all contracts, policies, operations manuals and procedure manuals. See that all of these documents are current and include most items that one would expect in the business model you have chosen. They should also be numbered and belong to a system developed by the franchisor. Most new up-to-date franchises use systems like Franchising Magic to control their paperwork making it easier for them to add or edit paperwork on the fly enabling you to operate as you should. With the advent of system like these the franchisor has better control over the document system and therefore will be able to better handle your contractual requests.