Franchising your own business can be an excellent way to ultimately achieve national coverage by using the resources and financial commitment of investors. There are plenty of myths about franchising a business so let’s take a look at some of the most common misconceptions promoted by the less reputable advisors in the franchise marketplace.
1. Any type of business can be franchised without any risk to you
Franchising doesn’t work for everyone and business owners should carefully consider the available options before embarking on their franchising journey. There are many examples that franchising, as a route for business expansion, works well across a wide range of industry sectors – however there are exceptions. Consultants should thoroughly review the feasibility of franchising your business and whether there are alternative options that may better suit your particular business.2. We do most of the franchising work for you, leaving you more time to devote to your existing business. Read on.