In the business world, franchises hold a large percentage of the number of operational businesses, but they aren’t a perfect fit for everyone. Franchises offer numerous advantages including set marketing and advertising, existing brand awareness, buying power, and a proven startup schedule and support.
However, franchises also have a few disadvantages including startup costs, royalty payments, the reputation of other franchises, and a list of rules and regulations franchise owners must follow. To determine if a franchise opportunity is ideal for you, you need to weigh the pros and cons of each specific franchise opportunity you are pursuing.
