Pros and Cons of Starting a Franchise Business

As an owner of nine franchise businesses, I have personally experienced the benefits as well as the limitations of opening and running franchise businesses. The cheap nike shoes following is a list of pros and cons of owning a major franchise business.Pros cheap Air max shoes of Starting a Franchise Business:1. Pre existing building layouts and decor requirements lesson start up confusion and facilitate cheap yeezys quicker and easier start ups.Many pre existing franchisors The Franchise Giver Big Daddy usually equip Cheap jordans their new franchisees You The Little Fish with possible layout and cheap jordans online decor drawings and requirement spec sheets, thus taking the guesswork and hassle out of trying to figure out how you are going to build cheap jordan sneakers out and equip your new business.2. Franchise agreements and structures set up to save you money cheap jordans sale on business, service or food products.Because cheap jordans shoes of the greater number of franchises, cheap air force Big Daddy usually has arranged cheaper national contracts wherein you can get certain services, business or food products at a significantly reduced price. You get to save money.>> RELATED: Directory of Home Based Franchises3. National Advertising included.Well known, established franchises typically have a National Advertising campaign in place that provides TV, radio, and printed material advertising. This way, you don t have to spend a cheap jordans on sale lot of your own money locally advertising your business.Who has not heard of Baskin Robbins, Subway or GNC? If you haven you been living in a cave. Franchises typically have wonderful name recognition benefits to them. cheap jordans from china In other words, people will actively seek out a particular franchise wherever they go.5. Potential for higher sales.With the national advertising campaigns and name recognition, your franchise business has a better potential for much higher sales than a similar business with a no name, no experience rating history.1. Loss of creative control over business layout and decor appearance.The benefit of being told where and how to build and place everything comes with loss of freedom you may want to express your creative decorative expression in your business. If you want to decorate your business with freedom, research the franchise cheap jordans china decor rules and regulations before you purchase a franchise.2. The products and/or services you provide are regulated and controlled by Big Daddy.These cheaper prices are usually accompanied with cheap jordans for sale regulation and control by the franchisor as to what type of products and services you can or cannot purchase. In other words, Big Daddy tells you what you can or cannot buy and from whom.3. Loss of promotion/advertising cheap jordans in china freedom.Great national advertising promotions are typically accompanied by blanket: You will promote this product or service during this campaign ruling. cheap jordans online Hopefully, their advertising campaigns will make sense, won t cost you too much money, and bring in more business. Sometimes it works and sometimes it doesn Customer holds other franchise experiences against YOU.If a customer has had a bad experience cheap jordans free shipping at one franchise location, he tends to hold all of the other franchise owners responsible for that one bad experience somewhere else. In other words, I ll never go to another Subway because I didn like the meatball sub I got at Joe Blow s location.5. Handing over a percentage of your sales to Big Daddy.Yeah, higher sales! But ouch, you have to hand a large bulk of your sales over to Big Daddy. For every dollar you earn, your franchise fee rips away anywhere from $0.04 to $0.25. Pull your wallet out and hand it over to Big newapplemall Daddy.As a Mind Power Leadership coach, trainer, and speaker, Ronya Banks has been teaching others cheap air jordan how to become leaders and business owners since 1992. Frequently featured in radio, magazine and newspaper articles and interviews, Ronya helps people find the great leaders within by accessing the natural power of their minds.

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