Debunking Franchise Ownership Myths

February 21, 2011 | By

Despite an abundance of readily available information regarding the topic of franchise ownership, some commonly held misconceptions persist.

For hopeful business owners, debunking the most prevalent myths surrounding franchise ownership can open up a world of possibilities.

If you’re interested in becoming your own boss, but are unsure of whether franchise ownership is a good fit for you, consider the following:

• Previous industry experience often is not required – Comprehensive training is typically provided, so in many cases, prospective franchisees don’t need industry experience or to even possess previous business ownership, to qualify.
• Affordable opportunities are available. From low-investment businesses starting at as little as $10,000, to multi-unit franchise ownership opportunities, there truly is a business that fits most budgets.
• You don’t need to have an ingenious idea, or invent a new product or service- Unlike starting a business from scratch, which can take years to launch, franchise ownership provides you with an established business model, perfected operating procedures and a proven track record. Plus, well known franchises offer you the advantages of owning a business that features built-in brand recognition and consumer loyalty from day one.
• Franchises and business opportunities exist in many diverse industries and opportunities are available in a wide array of sectors. And since previous experience typically isn’t necessary, franchises can provide aspiring business owners with entry into some of the fastest growing industries.

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