Advantages of a Franchise – Buying a Franchise Versus an Independent Business Start-up
Tuesday, November 11th, 2008The main advantage of buying a franchise is the reduced risk of failure. When thinking about starting a business, entrepreneurs always seems to compare buying a franchise to and independent start-up. That is a mistake.
Depending on which study is being quoted, and which time frame is being analyzed, the numbers are staggering in favor of Franchising. The numbers show more than a 90% survival rate after five years for Franchisees versus in the range of 20% for stand-alone start-ups. (more…)
