Do you know what should be the two major reasons for buying a franchise?
One
is name recognition. The other is the training that they ought to
give you.
However,
few franchisers give you real name recognition and training.
Yet,
franchises are not cheap.You pay up front for a license, and the
royalties thereafter will be a big cut of your bottom line. In fact,
those royalties may equal half your net profits, if you ever manage
to get any.
I
hardly ever recommend the purchase of a franchise because franchisees
never really get true name recognition, nor the required training
from the average franchiser. Only
a handful of franchises are worth buying. (See my Earl J Weinreb
NewsHole® comments).
A franchise can be useful to grow the brand name of business. Franchise also useful to provide perfect guidance about how to sell product easily. It is really good to start a new business.
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