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Why do franchisors need to know so much about me and my previous career?
What is it that franchisors look for? Essentially, they are looking for a ‘go-for-it’ attitude from someone who will not treat a franchise like having a 9-5 job. Trying to find out about a prospective franchisee’s attitudes and likely approach is difficult and franchisors, understandably, go to a great deal of trouble to find out as much as possible. Franchisors will want to see a career progression and will not want prospective franchisees to have changed careers too often because, after all, a franchise is a long-term commitment. Franchisors may also want to ensure that there aren’t any gaps in a career and, if there are, to establish the reasons for the gaps. Whilst most franchisors want to know about a prospective franchisee’s career, some will want even more information if their franchises relate to providing goods or services to children or the elderly. In such circumstances, franchisors will carry out detailed vetting.
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