Franchise Business Opportunities: The Pros and Cons of Buying a FranchiseCandice Clem
Buying a franchise may seem like an easier path to business ownership, but it has its own pros and cons, which Carol covers in “7 Things To Do Before Becoming a Franchise Owner,” her recent post on the Bank of America Small Business Community. Carol begins: ...
Many entrepreneurs look into franchising as a way to enter a competitive market or to become a business owner without having to build something from scratch. However, franchises aren’t without their challenges. These are some of the biggest pros and cons of buying a franchise. Pro: You can ...
Instead of buying a franchise or starting their own venture from scratch, some entrepreneurs decide to purchase a license to use a business system. Before you decide to do this, it’s important to understand the advantages and disadvantages of business system licensing. Like a franchise, licensing...
Why buy a franchise? The main reason is that you can benefit from the advantages of franchising. Is it a no-brainer? Absolutely not!
Sure,it'snotallsunshineandroses,butthereareagreatdealofbenefitstoowningyourownsmallbusinessfranchiseandbeingabletoworkathome.HereareafewfactorsthatmaymakethedecisionalittleeasieraswetakealookatTheProsAndConsOfAWorkFromHomeFranchise.
TheProsandConsofaWorkFromHomeFranchiseMaybeyou´veseenmovieslikeFightClubormostrecently,Wantedandfeltacomraderywiththemaincharacterswhoseemtrappedinborin..
for going into the car business, buying a franchise, and owning a private car dealership. The franchise option may come with its cushioning level from the larger company you are franchising for, but it is not necessarily the best option. Let’s look into the pros and cons of choosing ...
a single franchise location is part of a larger organization. As such, inventory costs can be lower due to bulk buying power.The ConsWhile the pro list makes owning a franchise sound appealing, as with any job, there are challenges you'll have to face. For starters, know that while you...
Investors in these uncertain economic times are looking for stability and predictability. So consider this investing proposition: You have a chance to invest in businesses that have been around since the early 1900s, and sports franchises remain valuable properties today depending on their relative su...