Franchise Can Work, But Proceed With Caution

Hometownlife.com:

Over the last few weeks a number of people have asked my opinion about franchises so I thought it would make an interesting column. Many people who find themselves without a job are looking at franchises as an opportunity to work again. Franchises do provide opportunities for many people. However, not all franchises are alike. It’s sort of like mutual funds — there are good mutual funds and there are bad mutual funds. The same can be said about franchises. Therefore, the key is finding a good franchise and one you can be successful with.

The first issue is deciding whether a franchise is for you. Remember, what you are purchasing with a franchise is a business that comes with its own methodology, rules and regulations as to how it is run. Just because you purchase a franchise doesn’t mean you can do whatever you want with that business. Some franchises have stricter rules than others, however, they all have rules.

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