Franchise buying is a sure shot way to success
Buying into a franchise is a sure shot method of self employment which saves going through the long and laborious process of getting a business plan in place with relevant funding to set up your own business. With a franchise on your side, you will be sure to get many perks and advantages a franchise business has to offer.
One of the main reasons why people prefer buying into a franchise is that, it is a tried and tested business. When you buy into a franchise, you have to basically follow the steps and guidelines put forth by the franchisor. This is not the case with most start up businesses since you will not have any formal mentor to tell you what needs to be done and how it needs to be done. Start up businesses also run the risk of failing if the market does not approve of their products and services. Franchises on the other hand are handled by larger entities that have been dominant in the marketplace for a long time.
If you plan to start an independent business, you will in probability rely on your team or your business partner for support and advice. With a franchise you will have constant head office support with all things related to your franchise. This is a major advantage since you have the constant assistance of the franchisor.