Think your business idea might be the next McDonald’s or Starbucks? Great—go for it! But take the time you need to start and build at a rate so you won’t crash and burn. This is especially important if you want to franchise, because, in addition to needing a thorough business plan, you must be in compliance with all federal and state franchise regulations.
For more on how some companies have done it right, and some haven’t, read Quick Growth Can Be Kiss of Death.
Jackie
