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A Franchise Opportunity can be very rewarding but frustrating at times without the proper guidance. This website is designed to help guide you and give practicle advice about the process of Buying a franchise. There are many things to consider before taking on this endeavor, with the first being, is franchise ownership the business model for you.
Many people look to franchise ownership because the business model has “systems” in place. Everthing from advertising, management assistance, purchasing, or tracking the success of your Franchise. This established “system” is able to transfer proven and refined operations. Which includes operating and management controls developed by the franchisor, and uniform operational standards such as quality control. For some this is exactly what they are looking for, a business that allows them to explore their entrepreneurial desires coupled with a blue print of how to accomplish the tasks at hand. But for some they need more freedom to express their creative side of business ownership and would feel shackled by these processes.
Because of these “systems” that are offered, Buying a Franchise has a more solid track record of success than conventional businesses. With most businesses the learning curve is steep and unforgiving. Most studies conclude that over 90% of new businesses fail within 5 years. In comparison, U.S. Dept of Commerce studies have shown that 92% of franchised businesses are still operating after 5 years.
In conclusion, Buying a Franchise can be a very rewarding and exciting journey with the proper information and guidance. We hope that this site will lend that helping hand, to assist you in making an educated decision about Buying-Franchises.
