Defined my ownership goals (income replacement, wealth building, legacy)

Assessed my total liquid capital and financing options

Determined my preferred time commitment (full-time, semi-absentee, executive)

Identified my transferable skills and experience

Discussed franchise ownership with my family/partner

Set a realistic timeline for my franchise search

Explored 3+ franchise categories that match my interests

Compared investment ranges across my target categories

Researched industry growth trends for my top categories

Identified 3-5 specific brands to evaluate further

Connected with a franchise consultant for guidance

Received the Franchise Disclosure Document from the franchisor

Reviewed Item 1: Franchisor background and leadership

Reviewed Item 3: Litigation history

Reviewed Item 5-6: Franchise fee, royalties, and ongoing costs

Reviewed Item 7: Total estimated initial investment

Reviewed Item 11: Training and support provided

Reviewed Item 20: Franchise location openings, closings, transfers

Called at least 10 current franchisees from Item 20 list

Asked about break-even timeline and corporate support quality

Asked about typical weekly schedule and biggest challenges

Spoke with at least 2 former or struggling franchisees

Documented consistent patterns (positive and negative)

Hired a franchise attorney to review the FDD and franchise agreement

Consulted with an accountant on tax implications and financial readiness

Explored financing options (SBA loans, 401k rollover, conventional lending)

Verified territory availability and exclusivity terms

Attended Discovery Day at franchisor headquarters

Met the leadership team and asked remaining questions

Evaluated company culture and alignment with my values

Visited a nearby franchise location to see operations firsthand

Reviewed all notes from validation, FDD, and Discovery Day

Discussed final decision with family, attorney, and accountant

Confirmed financing is approved or in place

Ready to sign the franchise agreement with confidence