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What You Need to Know Before Owning a Franchise
Business coach provides advice to potential franchisees
EDMONTON, AB, July 20, 2011 /Canada PR News/ -- Greg Kopchuk was a real estate broker and businessman who went from poverty to wealth by buying a business coaching franchise. He got there with hard work and dispelling a few myths along the way.
"There are amazing successes with owning a franchise, but success doesn't come without hard work and really knowing what you are doing. The hardest part about finding out if a franchise is suited to you is knowing what the pros and cons are- and seeing if your personality will match the venture," says Kopchuk, who is the ML of ActionCOACH in Canada.
Here are what you need to be aware of when buying a franchise:
Cons
- Franchise fees
- Royalty payments
- Marketing and advertising fees
- Culture ( does it match yours?)
- Franchisor success
- Contracts and limited flexibility
Pros
- Established brand
- Database of customers
- Marketing support
- Training
- Business support
- Reputable suppliers
- Financial assistance
- You are the boss
Greg suggests that getting a clear picture of your financial obligations is essential for success. And as a final note he recommends that you "Always include your family in your final decision, because it affects their future as well as yours," says Kopchuk whose wife helps in the business.
Greg Kopchuk is a top level Master Licensee in Canada with ActionCOACH and is currently offering a Free Interactive Business Presentation in the Edmonton area for those interested in knowing about the ActionCOACH Business Coach Franchising.
For those interested in registering for the free event contact Greg at 780-478-0790 or visiting www.leadingbusinessopportunity.ca for dates and times- www.youtube.com/FranchiseCanada
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To book an interview contact
Rachel Sentes, publicist
Rachel@gal-fridaypublicity.com
604-366-7846
I am a publicist, freelance writer, and fiction literary agent. I provide free publicity to non-profit and rescue associations. I am partnered with Brian Wood a non-fiction literary agent in Vancouver.
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