[pcsofdpuzzle]

Deciding whether to engage in an franchising business isn't an easy decision to make. Franchising involves a lot of money to invest and business strategies as well. Although we don't have to worry about inventory, workforce and sales talks if you open one. Fellow entrepreneur need your advise whether is it a good idea to get into this business.

[pcsofdpuzzle]

Would also like to add how did you guys finance the business? and how long did you get your ROI ( Return of Investments)? and also where you happy with the business you chose and how about the earnings?

[richlanxsabelle]

Franchising provides people with better chances of success than they would when they set up their own business, and for the following reasons:

- There is a proven business system that is passed on to franchisees
- Business set-up mistakes are minimized
- The franchiser, the "big-brother," mentors the franchisee throughout the term of the franchise
- The franchisee rides on an established and successful brand
- A system-wide marketing campain is in place that helps sell the brand.

On the other hand, an entrepreneur starting his business from ground zero must go through a learning curve that can be costly. Indeed statistics show that 90 percent of all independent businesses close during the first five years. The entrepreneur is truly on his own, and must spend time and enormous resources to build his brand and attract customers.

[cessy]

You need to weigh your options. Do you have what it takes to make it on your own? Do you have enough money to buy a franchise? Do you like the terms of agreement between you and the franchiser? Questions such as these can help you make up your mind whether to go for franchising or not.

[crazzee]

If you are just starting off with the business, I recommend buying a franchise. With this, you can get enough knowledge that you may apply once you decide to have your own business.

[bianca]

It depends on what kind of business you are going to franchise. If it's going to be a food or clothing business I would franchise. But if it's a computer shop, I would just start the business on my own.

[bizniz]

If you do not want to start from scratch, but you are very interested to have your own business, you could be the type of person who would opt to franchise. Franchising can be a good learning experience and may inspire you to have your own business in the future.

[audrey]

It depends on your resources. If you have lots of cash to spare or at least the courage to take a loan, then you could opt to have a franchise as an investment. If you don't, then maybe franchising is not for you. But there's always putting up your own business to fall back on.

[newfranchise]

I think what you also have to consider before you choose to franchise is if you'll find it more gratifying to run a business under a brand or establish your own start-up. The latter may be riskier as you really are on your own. Franchising may be the thing for you if you don't want to worry about establishing a brand and if you have less available capital.

[investor]

Yeah, franchising is definitely for you if your capital is limited. More or less a franchising agreement contains all the necessary expenditures you have to incur in starting the franchise, compared to a new start-up where the costs will vary as you try to keep it running and building the brand name.