BUY A FRANCHISE OR START YOUR OWN BUSINESS

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BUY A FRANCHISE OR START YOUR OWN BUSINESS?
HOW TO DECIDE
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When it comes to opening your own business or
buying into an existing business, there are
several different ways that you can get started.
You may have the option of everything from buying
into an existing business, buying a franchise,
starting a franchise out of your existing
business or expanding the existing business or
franchise that you have. Are you familiar with
the risks and benefits associated with
franchising? How about the pros and the cons of
starting and growing your own business? Lets
find out!
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Today, we are going to walk you through some of
the benefits and the drawbacks of starting your
own business and what that looks like when
compared with investing in a franchise. So what
is a franchise and its pros cons? A franchise
is a business that allows entrepreneurs to use
their name, trademark, systems, and operations as
their own, in exchange for a franchise fee and
ongoing royalty costs.
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Some of the greatest pros of buying a franchise
are related to the fact that you are already
buying into a business with customer trust and
brand recognition. When you put your sign up and
open your doors, there is a good chance that
there are customers in your area that are already
brand loyalists as well as potential customers
who already recognize the name, signage and
reputation of your brand.
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More Pros

• It makes it much easier to get your first sale
  and begin growing your revenue when you already
  have people who know who you are and trust in
  your brand name.
• Your franchisor or parent company will give you
  all of the tools and the systems that you need to
  be able to run your business smoothly and
  effectively.
• Franchising can also make it easier to grow your
  business. In many cases, franchisors will let you
  and other franchisees know when other location
  opportunities become available for your business.

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The cons to buying into a franchise are largely
associated with a lack of independence. When you
go into a franchise, you have to pay an initial
or recurring fee and royalties to your
franchisor. That payment is for the ongoing use
of the franchises name, reputation, operations,
etc.
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More Cons

• Being under a franchisor also gives you a lack of
  control over your business.
• There are many standards that you are going to
  need to abide by when you are a franchisee that
  are mandated by the franchisor. Infractions of
  those standards can be punished with penalties
  from your franchisor.

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All Around
All around, opening a franchise is a great way to
go if you are interested in running your own
business while minimizing the risk of starting
one on your own. Franchises will give you a
federally trademarked brand, a well-tuned systems
and operations and all of the resources that you
need for getting started.
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Franchising is being employed by more businesses
and more types of businesses than ever
before. Today, franchising is the chosen method
for successful business owners who are looking to
grow their concept quickly and without investment
of more capital. Do you want to franchise your
business? Do you want to buy a franchise? Send us
a message and well get in touch with you!
Phone [phone] Email
info_at_franchisecreator.com