Basics of a Touching Hearts Franchise
If you’re thinking about buying a Touching Hearts franchise, there are many things to consider before signing on the dotted line. Becoming a Touching Hearts franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Touching Hearts franchisee might be financially rewarding.
Owning a Touching Hearts franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love Touching Hearts’s products or services doesn’t mean that you will be able to successfully operate a Touching Hearts franchise.
- Being emotionally attached to the idea of becoming a Touching Hearts franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of Touching Hearts should not form the basis for deciding to become a franchisee.
As an example, just because you love Big Macs doesn’t mean that you should become a McDonald’s franchisee.
Are you looking for some free resources to help you determine if a Touching Hearts franchise is for you?
Touching Hearts Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Touching Hearts franchise is right for you.
If you truly want own a Touching Hearts franchise, get all the information you can from Touching Hearts and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a Touching Hearts franchise fits in with both your skills and life style objectives. If you don’t want to work evening and weekends, don’t purchase an ice cream shop. If you’re an introvert, don’t buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask Touching Hearts franchisor, Touching Hearts franchisee, or even yourself? Get to know the terms.
Touching Hearts Franchise Disclosure Document
Carefully read the Touching Hearts Franchise DisclosureDocument (Also known as an FDD). They can be intimidating.
As you are reviewing Touching Hearts’s Franchise Disclosure Document you will have a number of calls with Touching Hearts’s franchise team before you will be allowed to call Touching Hearts franchisees.
When you are allowed to call Touching Hearts franchisees make sure you speak to at least five to eight franchisees. You will find that most Touching Hearts franchisees will be honest and unbiased about Touching Hearts. If you would like more information on how to dissect a Touching Hearts FDD consider the following resources:
- The Educated Franchisee Chapter 8 – ' Dissecting the Franchise Disclosure Document' - Click Here
- The FDD Exchange - Franchise Disclosure Document Checklist' - Click Here
- PodCast with Franchise Attorney Nancy Lanard – 'What to look for in a Franchise Disclosure Document' - Click Here
Does a Touching Hearts Franchise Make Money?
A critical part of your due diligence is to build an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Touching Hearts franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a Touching Hearts franchise is the right move for you.
If you’re serious about becoming a Touching Hearts all franchisee and want to explore owning a Touching Hearts franchise, take the best first step you can and grab your copy of The Educated Franchise today!