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Here’s What You Need to Know About Owning a Franchise

August 4, 2018 762 views

A Collection of Resources Related to Owning Your Own Franchise

I have selected hand-picked resources for this post related to owning a franchise, but first, a few brief points to consider.

When starting a new business it takes time to get customers through the door and get your name out in the marketplace. Another aspect of starting a new business is you have to have enough money to carry you over until revenue comes in.

A franchise is a great way to get started in business because when you purchase a successful franchise, it has a proven model that’s already profitable, and known. Therefore, unlike starting a business from scratch, when you open your doors to your franchise, you start to bring in revenue.

Naturally, there are pros and cons to owning a franchise, for example:

  • Franchise fees.
  • You’re restricted by how you operate your franchise.
  • There a set of rules you have to abide by.
  • It takes a significant investment especially for a high-end franchise

On the plus side

  • A successful franchise is already known and when you open your doors, you’re ready to generate revenue.
  • As a franchise owner, you benefit from corporate advertising and marketing campaigns.
  • A successful franchise has a proven business model that works, is already profitable, and well known in the marketplace.
  • More in the resources to follow.

Resources

Have a look at the resources I have selected for this post that will give you a strong overview of what’s involved in owning and operating a franchise.

Pros and Cons

What are the advantages and disadvantages of owning a franchise | International Franchise Association

Pros and Cons of Buying a Franchise

Should I Buy a Franchise? The Pros and Cons of Franchising

Thinking About Buying a Franchise? Consider These Pros and Cons | Bplans

What You Need To Before Becoming A Franchise Owner

7 Things You Need to Know Before Becoming a Franchise Owner

The 10 Top Things to Know Before Becoming a Franchise Owner

12 Things To Do Before You Buy A Franchise

What Does It Take To Run A Franchise

How to Succeed As a Franchisee – Small Business – WSJ.com

What are the Keys to Franchise Success? | International Franchise Association

The Top Traits of Successful Franchise Owners

The six key success factors for franchises – SmartCompany

Why a balanced relationship is key for succeeding as a franchisor, franchisee | Fast Casual

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