Being Wide-Eyed About Buying A Franchise

Buying a franchise gives you the right to use an established company's name and to sell its product or service. That firm's brand recognition and experience can be an enormous boon to new business owners, but it is also has disadvantages. One can get involved in franchising without realizing that your particular franchiser is promising you the moon.

• Franchises can be expensive.
• Franchisers require you to follow their operation manuals to the letter.
• Buying a franchise is like marrying someone you haven't known for very long.
• The relative security offered by franchises may be exaggerated.

Source: AllBusiness.com, The Disadvantages of Franchising