How do I get some information on franchising a Family Dollar Store?

Answer

You can obtain the information from the company itself, or you can contact the Small Business Administration (SBA) in your area. You may want to take advantage of the services offered by the SBA. They help individuals get into business and stay in business. A part of the SBA is SCORE, where successful retired business individuals volunteer their time to help individuals wanting to start their own businesses.

Take heed in this. Over 70% of the businesses that start today will fail within the first five years. This is not to say they will make it that long, but they will fail within that time frame. Some in a year, some maybe longer, but they will fail. Why? Because of the following:

• They never developed a written plan or strategy
  
• Not enough start up capital
  
• They never sought help from an experienced mentor
  
• They never took a business course or courses
  

The above is not to scare you, but to warn you so that you become one of the 30% that are successful. Look at the Strengths, Weaknesses, Opportunities, and Threats (SWOT analysis), of your vision of becoming a successful business owner. What you need to do is identify each one of the categories I listed, and maximize the strengths and opportunities, while minimizing the weaknesses and threats. May you experience great success!

Viper1

First answer by Viper1usmc. Last edit by Viper1usmc. Contributor trust: 1286 [recommend contributor]. Question popularity: 13 [recommend question]