viable business option

Franchising: Is it a Viable Business Option for You?

Franchising: Is it a Viable Business Option for You?

If you’re thinking of buying into a franchise, you’re in good company. Many entrepreneurs are attracted to the idea of getting marketing support, legal advice, and a proven business model, so they can focus on what they’re really good at: growing a business without worrying about administrative headaches. The franchise model is fairly simple. You make a payment to become a franchise partner. Then, you pay an annual fee and a percentage of your profits. In exchange, you get training, marketing and administrative support, and access to useful information to help you grow your business. This article looks at the three key benefits of franchises, and also three reasons why a franchise might not be for you. By the end, you’ll probably have a better idea whether a franchise is the right option. ... »