Franchise Buyers and Integrity During the Sales Process of Buying a Franchise

Most franchisees, about 60% of them, do not fully tell the truth during the application, candidate screening process or sales interview. Franchise Buyers need to concentrate on complete integrity during the sales process when purchasing a new franchise or buying out the rights and transferring an existing Franchise.

For over a decade I ran a franchising company and was appalled and the number of lies I caught, in fact I got to the point to simply not trust anything anyone said during the buying and interview process. I'd have to say that a franchisee who misrepresents themselves ought to realize that that miss representation will adversely effect things like start-up cash flow, ability to manage, ROI, and operational costs associated with interest rates, equipment leases, and general operating credit for expansion.

Now then would we sign a franchise agreement with a franchisee we knew lied to us? Same question. Why is it the franchisors fault always? Many disgruntled franchisees who have only given a half ass effort will say it is the franchisors fault, but why after they lied their way into the deal; because they do not like franchisors? Have you ever been one and had to control the image, expansion, brand name and market share? Dear franchise buyers; stop lying on forms and in interviews and your franchise experience will be so much better. Consider all this in 2006.

Lance Winslow - EzineArticles Expert Author

"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs/