---
title: "10 Helpful Tips for a New Franchisee"
url: https://burnaze.com/article/ce90cb52-1c35-4f4b-ab0e-07a366b7002c
source: "1851 Franchise"
original_url: https://1851franchise.com/10-helpful-tips-for-a-new-franchisee-2089
category: "Franchisors"
industry: "Franchise Industry"
segment: "Franchisors"
published: 2015-07-15T17:12:00.000Z
modified: 2026-11-01T03:22:36.466Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/8d777f385d3dfec8815d20f7496026dc1728.png
---

# 10 Helpful Tips for a New Franchisee

**TL;DR:** Developing a business model and having a plan are key steps for new franchisees to consider. A research process for finding the right franchise can be overwhelming and requires patience.

*originally published in 1851 Franchise on 2015-07-15. [Read the original](https://1851franchise.com/10-helpful-tips-for-a-new-franchisee-2089).*

## Story

Develop a business model. “How will you ever know if you’re looking for the right franchise if you don’t know what you want in a franchise in the first place,” Nicol says. “Think of it this way: If you were looking to buy a house, wouldn’t you first sit down and write out the criteria of what you want in a house, and then start to look? It’s the same thing here, just a different set of criteria.”

Make a decision. Hang in there. The research process can be overwhelming at times, but patience is a must. This is a 2 – 3 month research marathon, so it is not a race.

## Entities

- 1851 Franchise (publication)
- Franchise Industry (sector)
- business model (topic)
- franchise research (topic)
- franchise planning (topic)
- Hang (company)

---
Originally reported by 1851 Franchise (https://1851franchise.com/10-helpful-tips-for-a-new-franchisee-2089). Summarized by Burnaze (https://burnaze.com/article/ce90cb52-1c35-4f4b-ab0e-07a366b7002c).