Is Franchise Ownership Right for You? We Can Help!

Are you looking to start a small business in Rhode Island, and considering whether franchise ownership is right for you? Many of our expert business counselors recently completed the FrantFit training through FranNet to assist Ocean State entrepreneurs in evaluating whether franchise ownership is a viable option, and which franchise might be a great fit for their entrepreneurial goals.

FranNet’s strong, detailed business assessment is a five-step process from start to finish. It begins with a thorough interview that acts like a business personality test, learning about each individual entrepreneur and their goals, strengths, and resources. For clients who are suited for and interested in franchise ownership, we evaluate specific franchise companies that would be a good fit, and guide them through the research process to prepare a plan. When ready to move forward, clients are supported to locate financing and access additional resources required to get the franchise business off the ground.

This comprehensive business assessment is free to Ocean State entrepreneurs, and with the depth of initial assessment, it can be a helpful tool for anyone considering going into business, franchise or otherwise.

FranFit is a joint initiative between the America’s Small Business Development Center network and FranNet to support franchise education through an internal professional development certification program. Since 1987, FranNet and the ASBDC, our membership association, have helped entrepreneurs succeed through this cooperative program. FranFit empowers our business counselors with the training, tools, resources and support necessary to properly advise clients on potential franchising opportunities.

FranNet is one of many small business many tools and resources our clients gain access to when they work with one of our expert business counselors. Whether you are starting your first business or have an established business you would like to expand and grow, our host of small business services can help you achieve greater success.

If you are starting a business, the best place to begin is our business startup workshop, The Right Foot, offered monthly at rotating locations around RI. In The Right Foot, you will begin assessing your business idea. After attending The Right Foot, meet with a business counselor for continued support in areas including:

  • Business planning
  • Loan application preparation
  • Establishing your business
  • Licenses, permits and business regulations
  • Marketing and brand building

If you are growing an existing business, the heart of our services is free one-to-one confidential counseling for personalized support in areas including:

  • Financial statement development
  • Loan application preparation
  • Marketing and brand building
  • Strategic planning
  • Expanding into international trade


Not sure where to start? Call our Lead Center at (401) 874-7232.