Tag Archives: franchise
If you want to start your own business, you have to decide if you would like to build something from scratch or use somebody else’s business model to get off the ground. The decision may not be as clear cut as you would think.
It wasn’t long ago that becoming a franchisee was the business startup of choice for those with a medium to large amount of capital and the resources and experience to start a larger scale business. This changed when the financial crisis hit and credit dried up. With the average franchise fee being $20,000 to $30,000 [...]
Many budding entrepreneurs have dreams of being a franchisee. Opening a business that already has an established brand and positive reputation seems like a better way to assure success instead of attempting to start a business from scratch. This may be true but a franchise costs considerably more than starting your own business in most [...]