What's Your Next?

A Day in the Life Questions To Ask Other Franchisees During Due Diligence

September 24, 2022 Stacey Riska Episode 17

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What's Your Next?

Sep 24, 2022 Episode 17

Stacey Riska

https://NextLevelFranchiseGroup.com

We're doing these questions during due diligence in categories to keep things organized. Putting your questions in categories is something that you should make sure that you do in your due diligence as it is really easy to get lost in the phase of asking franchisees questions. If you don't have a very organized structure to these due diligence questions when you're asking them we really encourage you to try to keep them lumped together. We've done this for you. You can get a list of these and the link below as well. Today we’re talking about a day in the life of an owner. This is a great topic.

What do you believe are the most important tasks to be completed to make your business successful?

This is a question that any prospective franchisee should ask because likely they're going to start asking the tactical questions first instead. What do you do every day? What is it like to ring a customer on the POS system? How much tape does it take to close a box? And so you'll have prospective franchisees asking you questions that really get into the tactical. Like maybe where they're feeling stuck in our coffee and smoothie business, those questions would revolve around how many smoothies could you make in an hour. How much were you charging for a cup of coffee? How much did you make at an event? Or how much staffing did you need? These are all great tactical kinds of questions and you need to know the answers to these types of questions.

Let's say you're getting into a home services business.

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