The value of a Franchise vs an Independent BusinessWritten on the 2 February 2015 If you start an independent business it is a gamble.You are assuming that there will be a market for a particular product or service. As a franchisee you can start out with an established brand and proof of concept. In 2009/2010 less than half of all the new small businesses opened were still operating after 3 years. On the other hand the average operating tenure of a franchise business is 7 years.
One of the major benefit s for being part of a franchise is support. Franchise Business takes an in depth look a Franchise verses an independent business. You can read the full article here. |
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