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Why Do People Buy Franchises
Though the International Franchise Association is speaking specifically about franchises, their reasons for starting a business apply to why most new entrepreneurs:
Many prospective franchisees have figured out that though their work efforts may be creating a significant amount of wealth, in most cases they are not sharing directly in the wealth they are creating. They will put in their 40-plus years and then retire on whatever they’ve managed to save plus Social Security. Many investors are attracted to franchising because they understand that their efforts have the potential to create significant amounts of wealth and they will be the ones who own the wealth that is realized when it comes time to sell the business they’ve built.
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