Franchise Lures

I repeat this because of the enormous prevalence of franchise “opportunity” lures in the form of ads and media reportage.

Franchises are a particularly dangerous, tricky area of business, on which I often comment because of faulty hype.

I would avoid buying a franchise because of their poor cost-benefit relationships, unless you are buying an extremely well-known name brand with an excellent reputation for dealing with franchisees. There are only a small handful worth buying with name-recognition and worthwhile management assistance.

       

 If you are still not convinced, at least be forewarned. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)