What you may not know about Franchises!
This article will help you considered some factors about this type of business opportunity that may not be evident to you. I hope it makes your decision easier.
There are some great things about purchasing a Franchise that make them seem, on the surface, a great way to go.
The main thing is the success rate. It is statistically proven that 3 out of 5 small business start ups will end in failure within 2 years. That is not the case with Franchises, almost 85% of them will out live other businesses and become profitable.
There are several reasons for the high success rate. These businesses have already been proven by the seller. There is(or should be)a successful business plan in place as well as ongoing training provided.
The Cost factor is obviously a major factor. To get a decent Franchise Opportunity you must be prepared to spend AT LEAST $100,000 or more! It is a proven fact that anything less than this will probably not survive.
Another major factor will be the TIME required to make the Franchise profitable. If you find that you don't love it, to bad, so sad, YOU WILL BE MARRIED TO IT! You will find yourself working twice as much as when they were an employee, so kiss your lifestyle goodbye for at least 2 years!
If you are not there, the business does not operate smoothly, or at all. Statisically speaking, without you the business goes under in 30 days. So if you are sick or want a vacation, forget about it!
Many have found exactly what they are looking for with a Franchise, but many have found that it ground them into the dirt and in the end they still didn't succeed.
I am certainly not wishing failure on anyone, but quite frankly, I don't understand why anyone would put themselves through it. There are other ways to make a lot of money and live the lifestyle you want NOW, with 1000% less stress, hassle, and anxiety. And at a miniscule fraction of what a Franchise will cost!
After years of testing opportunities, most of them don't generate much money because they don't have a Totally Unique Product that offers something new to a Huge Existing Market. But I have found The One that pays the Best, has True Mass Appeal and NO COMPETITION. Finally, a business that is how you thought it should be. To find out which one Beats All Others Click Here