BUY A FRANCHISE OR START YOUR OWN BUSINESS
                      BUY A FRANCHISE OR START 
YOUR OWN BUSINESS? 
[HOW TO DECIDE] 
  
When it comes to opening your own business or buying into an 
existing business, there are several different ways that you can get 
started. You may have the option of everything from buying into an 
existing business, buying a franchise, starting a franchise out of your 
existing business or expanding the existing business or franchise that 
you have.
Are you familiar with the risks and benefits associated with 
franchising?
How about the pros and the cons of starting and growing your own 
business?
Let’s find out!
  
Today, we are going to walk you through some of the benefits and 
the drawbacks of starting your own business and what that looks 
like when compared with investing in a franchise.
So what is a franchise and its pros & cons?
A franchise is a business that allows entrepreneurs to use their 
name, trademark, systems, and operations as their own, in 
 exchange for a franchi se fee and ongoing royalty costs.
Some of the greatest pros of buying a franchise are related to the 
fact that you are already buying into a business with customer trust 
and brand recognition. When you put your sign up and open your 
doors, there is a good chance that there are customers in your area 
that are already brand loyalists as well as potential customers who 
already recognize the name, signage and reputation of your brand.
  
More Pros
 It makes it much easier to get your first sale and begin growing your 
revenue when you already have people who know who you are and 
trust in your brand name.
 Your franchisor or parent company will give you all of the tools and 
the systems that you need to be able to run your business smoothly 
and effectively.
 Franchising can also make it easier to grow your business. In many 
cases, franchisors will let you and other franchisees know when other 
location opportunities become available for your business.
  
The cons to buying into a franchise are largely associated with a lack of 
independence. When you go into a franchise, you have to pay an initial 
or recurring fee and royalties to your franchisor. That payment is for 
the ongoing use of the franchise’s name, reputation, operations, etc.
  
More Cons
 Being under a franchisor also gives you a lack of control over your 
business.
 There are many standards that you are going to need to abide by when 
you are a franchisee that are mandated by the franchisor. Infractions 
of those standards can be punished with penalties from your 
franchisor.
  
All Around
All around, opening a franchise is a great way to go if you are 
interested in running your own business while minimizing the risk 
of starting one on your own. Franchises will give you a federally 
trademarked brand, a well-tuned systems and operations and all of 
the resources that you need for getting started. 
  
Franchising is being employed by more businesses and more types 
of businesses than ever before.
Today, franchising is the chosen method for successful business 
owners who are looking to grow their concept quickly and without 
investment of more capital.
Do you want to franchise your business? Do you want to buy a 
franchise? Send us a message and we’ll get in touch with you!
Phone: (305) 592-9229       Email: [email protected]