5 Benefits of Buying into a Franchise Business
When you decide to start a business, a franchise or not, it is not a decision you make lightly. We constantly hear of companies failing in the first two years. Buying into a franchise can mitigate some of those risks that are typically associated with a new business. Here are some of the benefits you […]
Disadvantages of buying into a franchise business
It may seem like a great opportunity to buy into a franchise business, but you also need to be aware of the pitfalls. Getting into a formal agreement with your franchisor can be a precarious process. Formal contracts The formal agreement can be pretty hectic. Make sure you do not rush this process. You need […]
Are you considering buying a franchise?
Before you dive headfirst into buying a franchise, there are some key elements you need to consider. Do a sense check for compatibility. If you are not a night owl, buying into a restaurant that serves dinner will not suit you. Make sure that the business you enter into can fit your lifestyle. Study the […]
Is it time to franchise your business?
So you have been growing your business successfully, and it may be time to expand. Franchising your business is a great way to expand. Understand what the pros and cons are to creating a franchise business. Potential advantages Franchising provides additional cash injections into the business, which will help the expansion. You can remove yourself […]
