 Is Buying A Franchise a Good Idea?
This is a question that I wonder about for several reasons. First, I bought a franchise about two years ago and I must say I definitely have mixed feelings. I also have subscriptions to all of the magazines that talk about the explosion of franchises or the top 100 or 500 franchises and I wonder if it is a good idea or are the only people that are making money are the ones selling franchises.
I know I have read several articles of franchises where the franchisees were losing evrything, but it appeared that it was a good franchise to buy based on the different magazine articles. The franchise the article named specifically was the UPS store, but I wonder if this is the same results for many other franchises. I am very interested to get some feedback on what some other people have experienced.
A little more about my franchise is I think it is a good franchise, but when the franchise does not have such a strong name nationally or maybe I should say is still building its reputation nationally, a lot of money, time, and effort are spent by the franchisees to develop those local markets. So is the benefit of buying a franchise there if building the local market is solely your responsibility? |