Franchises offer the independence of small business ownership supported by the benefits of a big business network. You don’t necessarily need business experience to run a franchise. Franchisers usually provide the training you need to operate their business model.
When it comes to starting a business, many people choose owning a franchise based on the belief that success is guaranteed. Here are a few reasons why you should run a franchise!
1) Low Rates of Failure
When owning a franchise, you are essentially riding on the bandwagon of an established and success business. Compared to independent businesses, franchises are 80% more likely to succeed. On the contrary, independent businesses face a 70 to 80% rate of failure.
Find this useful? share it with your employees or peers in the industry