Putting ones hard-earned money into a profitable investment is something that most people want to do.
However, with the various investment vehicles today, a lot of us are at a loss of which is the right one to invest in. Having a business is a popular option when it comes to investments; however, starting one from scratch takes a lot of effort, time, and money. This is the reason why people who are keen to having their own businesses prefer to go for franchising opportunities instead of starting their own personal line of trade.
In a country like the Philippines where you cannot really tell how a start-up business will prosper after a few years, it is logical to go for something that has a recall with the public. This is the advantage that franchising has over new businesses. The fact that branding is what attracts a customers loyalty makes it easier for a franchise owner to maximize his returns.
Yes, franchising can be a very good way to start a business but it is not for everyone. When franchising a certain brand, everything about the product line and how it is to be sold have to adhere to certain regulations set out by the franchisor.
This can be a limitation for those people who want to have a say on a business operation. If you are one of these people, then franchising may be too limiting for you.