Why opt for a franchise?
You may think you cannot compare a franchise business with starting up your own business. Whilst buying a franchise may be cheaper than starting a business from scratch, in a few cases it is much easier than owning your own business. When you plan to start up a franchise business, you tend to analyse the potentiality of your business in this franchise, before diving into franchising.
In order to become a successful franchisee, you should be a person who is ready to work on the terms and conditions of somebody else (the franchisor) and not want to incorporate base changes in the existing business. You will be starting up a business that is entirely based on someone else’s brains, know how and expertise that they have usually gained over a number of years and you will usually be required to follow this system.
The benefits are that the franchisor shall be responsible to provide you with the training and other backend support in terms of management, promotion, marketing, selling and various other tasks to handle the franchise business efficiently.