Advantages of Franchising

May 2, 2008 | By

What can a franchise do for an entrepreneur that he cannot do for himself?
Buying a franchise means that you are buying into a functioning and proven business model. There is a significantly lower rate of failure for franchisees than for entrepreneurs with original business concepts. Almost 80% of new business start-ups fail each year, but with a franchise you will be buying into a proven and successful concept. Additionally, many franchises profit because the items/services they sell already have a name and a reputation behind them.

For more information check out this article from the Small Business Association.

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Comments (3)

  1. What if I want a large business. Is there a large business association?

  2. Gus

    That’s a good goal, but why don’t you start with a small business and go from there. 😉

  3. WeBeOneBlogger

    It seems to me that if you want to start out in business, franchising is the way to go.

    First, you don’t have to spend months or years developing a business model and analyzing your target demographics. That’s already done for you!

    Second, why spend tens of thousands of dollars on advertising your product or service when a franchise has already done the ground work.

    you hit the ground running instead of crawling.