Forbes: 10 Reasons NOT to Buy a Franchise

This article in Forbes is excellent and honest and these are truly 10 GOOD Reasons NOT to Buy a Franchise. We wouldn't expect anything less than honesty from those folks who work for Steve Forbes, who, in my mind, is made of the finest "Presidential" material.

The only criticism I have of this article is that the writer doesn't go far enough when talking about the payment of royalties. It must always be remembered that royalties are due from the minute the doors of the business are open, and because a franchisor collects royalties on the gross sales of the business, franchisees are often in the position of paying royalties when there are NO Profits and they are operating at a loss.