Given that there are many entrepreneurs here and you also probably have loved ones that are entrepreneurs,

I wanted to share this advice about franchises in case anyone ever considers getting into one, even as a silent investor.

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At one time I got burned and lost a lot of savings because I bought a US based franchise - Franchises are not always assets.

Whenever anyone asks me if they should buy one, I say NO don’t do it- unless you’re just ONE type of person.

Here's are questions to find out below:

Do you want to create your own brand?

Don’t buy a franchise.

Do you want to create your own system?

Don’t buy a franchise.

Do you want to be free to make your own decisions on how you spend your money?

Don’t buy a franchise.

Do you want to leave your job to be in charge and you don’t have at least 1 year’s worth of savings?

Don’t buy a franchise.

Do you want a 40% chance of buying into a Ponzi scheme?

Don’t buy a franchise.

Do you want to leave your job to be in charge, you don’t want to start your own system, you have at least 1 year’s worth of savings, you don’t mind doing smart research before buying, and you are ok being told how to spend your money?

Franchising could be right for you.

If so, pick one of the ones that’s not a scam and here’s how (From my article published in the Houston Business Journal to help others):

(If there is interest to see a thread on how to properly buy a franchise let me know, thanks) https://www.bizjournals.com/houston/news/2017/10/02/what-you-need-to-know-before-purchasing-your-first.html