Franchising Myths
Owning or purchasing a franchise is a life-changing decision that has huge implications for an individual’s finances, career satisfaction and overall happiness. The promise of franchising is business...
View ArticleFranchising Myth One: Franchises Are Safe Investments
Perhaps the most common and pervasive franchise myth is that franchising per se is a safe investment. Fed by a steady diet of industry hyperbole, the conventional wisdom that feeds this myth contends...
View ArticleFranchising Myth Two: In Business for Yourself but Not by Yourself
Many prospective franchise owners are attracted to the concept of buying a franchise because they believe it combines the freedom of owning a business with the safety of a benevolent guiding hand....
View ArticleFranchising Myth Three: Franchisees Own Their Franchised Business
Many franchisees consider themselves to be business owners. A franchisee might hire and manage employees, sign the lease on a store or restaurant, handle customers, keep the books and take home profits...
View ArticleFranchising Myth Four: The Typical Franchisee Gains a Valuable Brand Asset
Let's play a little game. Review Blue MauMau's alphabetized directory of franchises. HERE is the link. Take a few minutes to browse and then ask yourself how many companies you recognize. When you're...
View ArticleFranchising Myth Five: Franchising Provides a “Proven Franchise Business System”
Franchising provides a "proven franchise business system" is a myth I hear from prospective franchisees all the time.read more
View ArticleFranchising Myth Six: Many Franchises Means Critical Mass of Market Penetration
Too many prospective franchise buyers I know assume that a franchise is successful because it is “big enough” to sell franchises or because it already has hundreds of franchises in operation.read more
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