1851

Franchising can be a thrilling ride of ups and downs, and when all goes well, successful owners will be intrigued to purchase more territories/locations. With the backing of a corporate team, those with an entrepreneurial spirit are set up for further success when they go the franchise route. So, what’s the process? <a href="https://www.forbes.com/sites/stevenbeagelman/2021/04/30/what-happens-when-you-buy-a-franchise/?sh=4dd270ac3d43&utm_source=1851franchise.com&utm_medium=article&utm_campaign=forbes-so-you-bought-a-franchise-what-happens-next-2715682" target="_blank" rel="nofollow">In a recent Forbes article</a>, Founder and CEO of <a href="https://smbfranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=forbes-so-you-bought-a-franchise-what-happens-next-2715682" target="_blank" rel="nofollow">SMB Franchise Advisors</a>, Steven Beagelman, gives the scoop.The first step is all about researching different brands, including online research and also chatting with franchisees at each of the brands you’re considering to get their perspective on the positives, and more importantly, the negatives of that particular franchise.&nbsp;Once you select your brand and pay the first investment fee, onboarding begins. With help from the franchisor, you’ll choose real estate, design your location and learn how to open and close the business. Once you officially open up for business, the amount of success you achieve is up to you. Of course, there will be challenges and risks to take along the way, but if you plan to be a dedicated business owner that will see challenges through, it’ll be worth it in the end.“Franchisors provide you with extensive training and access to insider tips and best practices on how to launch and run your business,” Beagelman told Forbes. “Franchising teaches you the way, but you still have to get engaged and put in the effort.”To read the full article, <a href="https://www.forbes.com/sites/stevenbeagelman/2021/04/30/what-happens-when-you-buy-a-franchise/?sh=4dd270ac3d43&utm_source=1851franchise.com&utm_medium=article&utm_campaign=forbes-so-you-bought-a-franchise-what-happens-next-2715682" target="_blank" rel="nofollow">click here.</a>

Forbes: So, You Bought a Franchise. What Happens Next?

1851 Franchise

Steven Beagelman, Founder and CEO of SMB Franchise Advisors, explains the process of buying a franchise.

forbes-so-you-bought-a-franchise-what-happens-next

Children's Lighthouse

How Children’s Lighthouse Stands Out Among Other Children’s Education, Childcare, and Daycare Franchises

how-childrens-lighthouse-stands-out-among-other-childrens-education-childcare-and-daycare-franchises

The Growth Coach

The Growth Coach Franchise Costs, Fees, Profit and Data for 2025

the-growth-coach-franchise-costs-fees-profit-and-data-for-2025

One Hour Heating and Air Conditioning

Why One Hour Heating & Air Conditioning Sees People as the Power Behind Franchise Growth

one-hour-heating-air-conditioning-franchise-growth

Lawn Doctor

Design with photo of John Perry and Lawn Doctor logo

How a 20-Year Industry Veteran Tripled His Sales With a Lawn Doctor Franchise

lawn-doctor-franchise-success-story-john-perry

Fitness Premier

The Secret to Fitness Franchise Success? It's Not Just the Workouts

fitness-premier-franchise-marketing-support

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo