Thinking of starting a business? Maybe you should think about an existing, established business by purchasing a franchise. The company will already have a proven track record and operating system in place. Franchising creates opportunities and jobs as well as growth for the franchiser. Franchises often allow you to sell goods and services that are well known and recognized by the public. Brand recognition, advertising, group purchases, training, and support are just a few of the benefits of owning a franchise. However, some people may object to having to run their business based on instructions from another company. If you are more independent minded and want to be in charge, a franchise may not be for you. Unlike managing your own website or working as an affiliate, you are usually required to pay a pretty substantial sum up front to operate a franchise. In addition, there may be expenses for rent, equipment, supplies, and more. However, some franchises are available that you can run from home, eliminating rent and some other expenses. There are pros and cons to franchises the same as there are for any business or investment, however, it may be worth looking into. Always proceed with caution as there is no guarantee of success. Some suggestions - talk to other people who started businesses through the same company, get promises and proposals in writing, and have an attorney review the contract before you sign it. The Federal Trade Commission provides a booklet for people considering a franchise at http://www.ftc.gov/bcp/conline/pubs/invest/buyfran.htm |
