Quote:
Originally Posted by audrey The higher your franchise fee, the more inclined a person to manage his business well because he would not want to lose that huge sume he invested. Maybe the psychological factor has an effect on how well a business would be managed and thus to the ROI. Just a thought.  |
For starters, the investment in a franchise would be comparatively minimal compared to a full-blown startup, and intuitively this holds water as you eliminate fixed costs, licensing costs, a huge portion of marketing and brand-building costs. Choose a franchise size that suits your budget; do not attempt to get a bigger franchise and cut corners lest you sacrifice the quality of the product or service you offer.