The Silent Deal-Breakers: 8 Rookie Franchise Mistakes That Could Tank Your First Year Without Warning
Understanding these common pitfalls can mean the difference between thriving and barely surviving in your inaugural year as a franchise owner.
1. Underestimating Working Capital Requirements
The franchise fee and initial setup costs are just the beginning. Many new franchisees focus so heavily on securing enough capital for the upfront investment that they neglect to plan for ongoing operational expenses. The first year often brings unexpected costs—from higher-than-anticipated marketing expenses to equipment repairs that weren’t budgeted for.
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