Thinking of Buying a Sylvan Learning Franchise?
Basics to Consider Before Becoming a Sylvan Learning Franchisee.
If you're thinking about buying a Sylvan Learning franchise, there are many things to consider before signing on the dotted line. Becoming a Sylvan Learning franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Sylvan Learning franchisee might be financially rewarding.
Owning a Sylvan Learning franchise is a serious commitment and works best when you make a thoughtful decision.
Just because you love Sylvan Learning's products or services doesn't mean that you will be able to successfully operate a Sylvan Learning franchise. Being emotionally attached to the idea of becoming a Sylvan Learning franchisee is not a state of mind in which you can effectively evaluate an opportunity. Your positive experience as a customer of Sylvan Learning should not form the basis for deciding to become a Sylvan Learning franchisee. As an example, just because you love Big Macs doesn't mean that you should become a McDonald's franchisee.
Sylvan Learning Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Sylvan Learning franchise is right for you.
If you truly want own a Sylvan Learning franchise, get all the information you can from Sylvan Learning. Talk to Sylvan Learning franchisees and secure a qualified advisor who has experience helping people like you purchase franchises. You may also want to download a free copy of A Glossary of Franchise Terms to help you.
Make sure that owning a Sylvan Learning franchise fits in with both your skills and life style objectives. If you don't want to work evening and weekends, don't purchase an ice cream shop. If you're an introvert, don't buy a franchisee that requires you to be extroverted. Click here to download the questions you should ask yourself before considering the purchase of a Sylvan Learning franchise.
Sylvan Learning Franchise Disclosure Document
Carefully read the Sylvan Learning Franchise Disclosure Document (Also known as an FDD). They can be intimidating. Chapter 7 of The Educated Franchisee explains what a Franchise Disclosure Document is and what the terms mean. Visit our FDD Exchange to view sample FDDs. A Sylvan Learning FDD may be available.
As you are reviewing Sylvan Learning's Franchise Disclosure Document you will have a number of calls with Sylvan Learning's franchise team before you will be allowed to call Sylvan Learning franchisees. Click here to download the questions you should ask the Sylvan Learning franchise team.
When you are allowed to call Sylvan Learning franchisees make sure you speak to at least five of them. You will find that most Sylvan Learning franchisees will be honest and unbiased about Sylvan Learning. Click here to download the questions you should ask Sylvan Learning franchisees.
Sylvan Learning Profit and Loss Statement
Put together an estimated P&L (profit and loss statement) and see what the numbers might look like if you become a Sylvan Learning franchisee. Reading Chapter 13 of The Educated Franchisee teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchisee and in Step 13 of The Franchisee Workbook show you how to honestly evaluate whether or not buying a Sylvan Learning franchise is the right move for you.
If you're serious about becoming a Sylvan Learning franchisee and want to explore owning a Sylvan Learning franchise, take the best first step you can and grab your copy of The Educated Franchisee today!