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Pros and Cons of Franchising

Posted by Bob on
If you’re an ambitious, hoping-to-be entrepreneur, and the thought of starting your own business is a bit daunting, one option to consider could be franchising. Pros • Operating under an already established brand could lead to success as they already have an established business model, loyal customers, and market trust. • You will immediately have advice, support and guidance from the franchisor and not have to worry about start-up costs and branding. • Securing financial support, such as loans, is easier. Investors are more likely to look upon franchises more favourably as they have a proven business model. • Relationships with suppliers, distributors, sales and marketing teams already exist so...