Desperate To Go Into Franchising?

BusinessDay:

Outward look at the Fast Food Joints around town and the way customers troop in and out to have meals will mean to the onlooker that owners of the businesses have made so much money.

True to this expectation, they are making a lot of money. But how this money trickles down to the Franchisee (the person who has bought the Fast Food license) should be the concern of those who have interest in joining the business.

According to experts, it is easier to start a fresh business with a new name than paying costly for a franchise, particularly in an environment where people see certain necessities as luxury.

Glenn Curtis observed that many think buying a franchise is a sure way to become a millionaire, but in reality, “there are a number of reasons why becoming a franchisee isn’t all it’s cracked up to be.”

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