The FRANtastic Blog

The Entrepreneur Authority Blog

Franchise Validation Survey Reports

David Omholt - Wednesday, November 18, 2009
The Wall Street Journal (online edition) just ran a great article (http://online.wsj.com/article/SB10001424052748704204304574543610390266916.html on the importance of franchisee validation surveys. 

Our feeling is that the more transparent a Franchisor is willing to be, the less 'buyers remorse' there will ever be.  These reports can be a real clue-into the culture of the system too.  As well, it can save a prospective Buyer days/weeks/MONTHS in the research and Due Diligence process by obtaining such a research report from a reputable company with no ties or vested interest in the Franchisor. 

That has always been one of the reasons why I have never put much stock in the 'Online Rankings/Polls' that get put out by magazines each year -- the ranking criteria is not disclosed and some top-ranked companies that make it in year after year are some of the absolute worst franchise options out there.

These 3rd-party, independent research companies, like FranSurvey-The Franchise Research Institute are at least unbiased and here you can be rest-assured that 'the data don't lie'!

Recent Posts


Tags


Archive

 
free-newsletter up-comming-events industry-white-paper start-research