Advantages and disadvantages of franchising
- Franchises have a high percent of success-you probably know that the failure rate among new businesses is very high. The owner is going through a steep learning curve and makes many errors running the business.
- Franchises already have the bugs worked out and systems in place for success.
- Requires a large investment from $10,000 to $250,000. Not all of the franchises are good ones. Check it out before you invest. Ask to talk to five franchisees to insure it is a good decision.