In this book, Tomzack steers potential franchise buyers around the pitfalls, guiding them towards making a lucrative purchase. Spelling out what it takes to succeed, she helps would-be franchisees determine if the option is right for them. She reveals how to: find the right franchise and avoid the wrong ones; find the right location; match a franchise with personal finances and lifestyle; avoid the five most common first-year pitfalls; find the best sources for financing; choose a prime location; ask the right questions, so potential buyers can be sure not to lose money; navigate the legal maze; buy equipment; recruit and train employees; and mount local promotions. In addition, Tomzack covers ground-floor opportunities in subfranchising, international and home-based franchises.

The bestselling Tips & Traps series helps you avoid bad investments and common mistakes as you build a new business In this time of mass layoffs, stock market instability, and low interest rates, you might be interested in buying your own businesses—but don’t know where to start. Tips & Traps When Buying a Business gives a step-by-step approach to finding and financing an established small business or franchise. Greg Balanko- Dickson provides the skills to make the correct decisions for everything from investigating a business and arranging financing to hiring professionals, cutting costs, and negotiating a deal.

This book provides first-time and experienced home buyers alike with practical, step-by-step strategies, along with indispensable advice and guidance.

Explains what business plans are and why they are important, provides information and advice on the process of researching and writing an effective business plan, and includes worksheets, forms, charts, and resources.

This easy-to-use guide will help entrepreneurs steer clear of often costly "trial and error" methods, and move them steadily toward success. "Tips and Traps for Entrepreneurs" is full of valuable management insights--real-life, step-by-step examples that have been used successfully by entrepreneurs in many industries.