[angel]

First, ask yourself that why do you want to own a franchise? For getting rich or not to work? If so, financially, franchising is not for you. If you have the dream of owning your own business, want to be your own boss then franchising may be for you.

[OwnABiz]

I guess the main advantage of buying a franchise is because its easier than starting from scratch. If you have never owned a business before its a good way to start because you get full training and can learn all aspects of business while getting full support from the franchiser.

[pcsofdpuzzle]

Originally Posted by OwnABiz

I guess the main advantage of buying a franchise is because its easier than starting from scratch. If you have never owned a business before its a good way to start because you get full training and can learn all aspects of business while getting full support from the franchiser.

I agree with you OwnABiz. Also owning a franchise business wont give entrepreneur headaches in marketing strategies. Because most of the marketing material is provided by the mother company or the franchiser.

[cessy]

I think the main advantage of owning a franchise is you don’t have to build a name for it. Some people opt to buy franchise that build their own because it is a sure income for them especially if they will own a franchise from a well-known company.

[vngrape]

In franchise, everything is set up and all you have to do is learn the system. Franchising is a good business if you dont want to spend time and money in marketing and research.

[pcsofdpuzzle]

I read from Forbes.com the "Ten Good Reasons Not To Buy A Franchise". While it is an enticing idea to enjoy having your own business, there are risks/disadvantages associated with it. Here is the list:

1. Questionable profitability.
2. High startup costs.
3. Encroachment.
4. Lack of legal recourse.
5. Limited independence.
6. Royalty payments.
7. Inflated pricing on supplies.
8. Restrictions on post-term competition.
9. Advertising fees.
10. Unfair termination.

I'm just wondering if anyone can enlighten me (and well, other confused readers) about this topic. I'm pretty sure, many have become discouraged after reading the list. Thank me for not posting the explanations for each. I figured maybe franchise connoisseurs could help bring back the confidence of aspiring entrepreneurs on franchising business. Please post your expert opinion.

[richlanxsabelle]

Buying a franchise is still the way to go if you want a guaranteed market. Go for a stable and affordable investment. Franchising enjoys a success rate of 97% compared to 33% for starting new businesses. Franchising reduces the risk of business failure because start-up problmes are already eliminated.

[cessy]

Originally Posted by vngrape

In franchise, everything is set up and all you have to do is learn the system. Franchising is a good business if you dont want to spend time and money in marketing and research.

I think it is the common reason why people would go for a franchise rather than make their own. Some people would just want to make use of the money that they have and invest in a company that will provide revenue for them without exerting too much effort.

[richlanxsabelle]

Some people sure do choose franchise as to not exert too much effort on the business. I beleive that another reason people choose to franchise is because they are inexperienced entrepreneurs and they don't want to start at ground zero. That's why it's better for them to start a business that will have someone teach them all the basics.

[crazzee]

Starting a business thru a franchiser is the best way to gain the experience you need when it comes to operating a business without exerting too much effort. There are also lesser things to worry about if you start off as franchisees.