A franchise business is definitely the safer opportunity according to US Department of Commerce figures. This study carried out over 7 years revealed that after seven years, over 90% of new franchises are still in business, as compared to only 20% of individual new start-up businesses.
Most people, who do start a business by themselves, end up failing and losing a lot of money. I now that this is a sad fact, but it’s true!
If you start a business on your own, you have to make all the decisions regarding location, layout of premises and find and vet all suppliers.
With a franchise business, the franchisor will advice you on all the above. In fact, you might even find that you are told where to locate your business, who your suppliers are and have some choice in pre designed layouts.
A franchise business provides you with the consistency and quality throughout the franchisors territory. This leads to higher levels of customer satisfaction. The franchisor provides full training and support in running the business. If a site is required, the franchisor will assist the franchisee in selecting a site that fulfils the demographic requirements of the...
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