Before you fold your shirt for any business opportunity, there are things you must scrutinize. Is this a real business opportunity? What do I stand to gain from it?
These and many other questions should be going over your mind before you make a decision. However, with the ADI franchise opportunity, you do not have to look back. Everything has been taken care of.
But still, you would want to be sure of where and what you are getting into. To clear any doubts you may have, here is how to assess and choose the best ADI franchise:
What are the terms and conditions?
The first important thing you should focus on should be terms and conditions of the franchise. Will you be investing in your own business? Will your name be used for the business?
This is what will determine what you will be investing. You need something that you can call yours and has full rights over it. You should get flexibility with the choice you are making.
Will you get assistance with teachers and students?
Starting the school will not be a dream come true if you do not have students and the best team of instructors. Since you are new in this area, you will need help learning how things are done around here. Some critical help you can get is with finding students and instructors to join your team. A good driving school franchise should take you into their network and help you with every problem you may have.
How much are you risking?
Business is all about risk, but you should not risk what you cannot lose. You should know what you stand to lose before you channel all your savings in this franchise. Is it the minimal risk that you can take or is it a massive risk that could reduce you to a financial beggar?
Good news is that you can get into the franchise and risk nothing. Yes, this is a reality and not fantasy. Some franchises give you 100% money back guarantee. Your risks are reduced to zero since you will be reimbursed your expenses to the last penny. If that is not what you want, then you are getting nothing better than this.
Will you be tied down by a long-term contract?
Long-term contracts could prove tricky for your business. You will not make independent decisions. Anything that ties you down like a puppet should not be worth your consideration. As much as you are getting into a franchise, you deserve the room to decide what is best for you. You will have to keep up with changes and not be afraid of the implication of a permanent contract.
With good investment opportunities becoming rare with each day, finding one that could favor you should not be taken for granted. ADI franchise could be your way of making money with zero risks. Warm up to the opportunity but only after scrutinizing to make sure it is not a financial trap. Keep your independence and still make much from a franchise that does not curtail your autonomy.