Why going into business is less risky – and often more rewarding – with a franchise system.
Owning a business is one of the fastest ways to wealth, but the decision of whether to invest in a successful existing franchise or start a solo enterprise from scratch can be a daunting one. Would-be entrepreneurs need to carefully weigh the advantages and disadvantages before launching into business – and putting precious investment capital on the line – to help ensure the best possible outcome.
One of the most critical components of this decision involves the cost, or return on investment dollars, to create a customer base, brand recognition, and demand for products or services offered. Franchising solves those fundamental problems by offering a business structure or model that is already successful, established, and recognized.