With business ownership on the rise, investing in a proven process and system can be the difference between success and failure for a business, according to The Entrepreneur’s Source (TES). With franchising, typically multiple franchisees have proven over and over again that the business concept is successful, according to Brian Miller,
COO and President of The Entrepreneur’s Source. A prospective franchisee weighing the benefits of starting their own business or investing in a franchise will often see how franchising has a far greater chance of success in the long term.
“When you invest in a franchise, you purchase a defined road map or plan to follow to be successful,” said Miller. “And, when franchisees commit to following the system, most will find success,” Miller added.
According to SCORE, Counselors to America’s small businesses, out of every 100 independently-owned small businesses, 90 percent will fail within ten years because… read on.