Many people have decided they need more challenge in their careers and wish to start their own business and they start looking around for what type of business to start. Then they noticed franchises and consider starting a business with a proven success model. It makes sense to be thinking here, but there are also good reasons to start a business from scratch, as they are less restrictive than a franchise business. Here are the Top 7 Reasons to Buy a Franchise instead of starting from Scratch;
1.) You do not have to go through the severe learning curve or make all the mistakes in perfecting your business model.
2.) Franchised Business Opportunities often have financing available and this makes the financing much easier and generally better rates.
3.) Marketing Plans are already in place in a franchised business and therefore you will not waste money on advertising, which does not pull for you.
4.) The Franchisor will have training and even if you do not know all the aspects of the Industry they will teach you what you need to know and accelerate you knowledge.
5.) Franchises often have recognized brand names, which consumers feel safer with.
6.) Franchisees have networks with many franchisees who have similar issues to talk with and can assist you in preventing common mistakes.
7.) Franchising Companies use economies of scale to lower costs in buying things the business uses, sells or needs and this is a major plus.
By Andrew Adamson