Buying a Franchise
Initially, you may be fooled into believing that there’s nothing easier than purchasing a franchise. Well, that’s not entirely true. To begin with, it’s difficult for you to compare between the various franchising opportunities well enough to determine which is the most likely to turn in a profit. As a matter of fact, it’s nearly impossible to determine exactly how much you’ll make through franchising amidst all those industry regulations and lawsuits popping up here and there.
A good tool to use is a franchise guide, which is a listing of all available franchising opportunities. Also, you can always turn to the internet and search to see what’s there. First of all though, actually make up your mind about the kind of business you’d like to own and then start searching for available possibilities that cater to your desires.
You may then carefully assess your situation and decide whether you’d be better off owning a franchising or starting up your own independent business. Look at the advantages and disadvantages of both and make an informed decision. However, the general consensus is that franchising is easier despite things like ironclad contract clauses and royalties.
Robert Bond’s franchise listing book “Franchise Guide” is one of the better books on the subject and is probably available at your nearest bookstore or online. Make careful comparisons and don’t forget to research the companies you plan to contact carefully before giving them a call.
Filed under: Buying a franchise, Franchise Articles
