If it sounds too good to be true

“My mate told me that he has just made £1,000,000 after only investing £2,000.00. It’s true, he is loaded.”

 

The odds of that being true are far greater than £500,000 to 1. In fact, I have never come across a business success story which doesn’t involve intelligent, controlled, hard work.

 

There is a simple rule of thumb in business and franchising: if something sounds too good to be true then it is.

 

If you do ever come across a franchisor or indeed any investment partner who is willing to guarantee a certain income or return on investment, then make sure you ask them to put it in writing and put down what will happen if they cannot deliver it (ie you get all your money back.)

 

My advice is that any business that sounds too good to be true most likely is. Therefore look at something more realistic and where the franchisor talks about the bumps in the road.