Should I Own a Franchise?
Should You Purchase a Franchise System or Start a Business from Scratch?
If you are looking into starting a business, this is one of the first considerations you may have. Passion and enthusiasm are key ingredients in business ownership.
Higher Success Rate
Business Support
A great franchise system will provide you with amazing support. This includes training and implementation practices of the proven systems for daily operations. It will also help you to improve your business acumen at the same time in order to guarantee your success.
If you are new to the business world, not only are you developing your concept, but you must also learn every aspect of how to run a business. You don't have anyone invested in your personal business development skills but yourself. Even investors only care about their return, not if you actually know what your doing. Franchisers understand better than any that if you succeed for the long run, so do they.
If you are what Mark Siebert calls a "Flaming Entrepreneur" then owning a franchise will not be right for you. However, if you are more interested in someone else's proven success, while maintaining a generous amount of creative thinking and entrepreneurial innovation, then franchise ownership is perfect for you.
~Andrea Foley, Founder of The Darling Group, LLC
Are you ready for business ownership?
There are specific personality types that should and do go into business for themselves. There is a "type" of person that is cut out for the risk taking, number analyzing, people managing, leadership inducing role of business ownership. Are you one of those people? Here is a simple Quiz to help you determine if you are on the right track to business ownership or you should just get a new job.