There is always a debate when folks consider starting their own business. Indeed there are so many options of types of businesses to start. Then there is franchise business option. Should you buy a franchise or start from scratch. If you start from scratch you will have to learn some things the hard way, where as if you buy a franchised business then that business model is already considered and thought out for you. If you buy a franchise there will be many restrictive clauses in the franchise agreement and you also agree to run the business their way, as per the Confidential Operations Manual. A true entrepreneur who has run businesses or started businesses before may not appreciate being told how to do every little thing. Although they may as they are not required to think as much. Nevertheless, there will be times when they will wish they had not bought the franchised outlet and will want to revert to their entrepreneurial genes. When and if disputes arise during the operation of a franchised outlet generally the franchisor who wrote the franchise agreement will win the disputes and the franchise owner will have to submit to big brother. It should be noted that franchises do offer some very valuable attributes, but they are also fairly restrictive and so consider this in 2006. |
