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Element 29. Partnering Candidates > The Coin-Operated Laundry—Partnering Candid...

The Coin-Operated Laundry—Partnering Candidates score: 8

At this early stage, the Partnering Candidates question applies to a firm that you can see would or could own a portion of your company such that you have a greater chance of success. The easy possibility is the hospital or the restaurant association. The score here should easily be an 8 if you can foresee with whom you would partner. Improvement in the score would involve finding a large and dominating customer or working with a strong and fair-minded resource such as the manufacturer. You might preempt the potential here by actually raising the franchising issue. One ploy might be to actually purchase the machines with a proviso in the contract that in the event of conversion to franchise, you would receive a free pass on the up-front franchise fee. This would put you into business automatically.

Element 29, Partnering Candidates score summary:
Weight 1 × Score 8 = Total 8



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