We're back again, to talk about the questions you should be asking franchisees. We went through other categories before today's episode. We're going to be covering expectations, and there are a couple of questions in this category that we think is very critical.
What we did in our previous episodes: I'm going to ask Stacey to elaborate on each question. Maybe give an example and why we believe this is so important that you get this information during your due diligence phase of evaluating a franchise.
So Stacey, let's go ahead. Question number one. Are you ready? Did your due diligence prepare you for the business? And if not what surprised you?
So in our coffee smoothie business, what was it? Did we do our due diligence?
Did your due diligence prepare you for the business? So did you go in with the right expectations? That's exactly the question from my perspective.
Well, yes and no, and we actually did two episodes on this: "If we had to do it over again would we"? So go watch that if you want the in-depth, I would say the biggest negative personally, I'm talking to you as a franchisee. I was too emotionally attached in making the decision. I wasn't really looking at hard data. I was too caught up in the fun of it. Being able to work behind a Tiki bar and sell umbrella drinks. Like that was just fascinating. So if I had to do it over again, I probably would've done much more due diligence.
... Continued in Podcast ...
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