Are you considering buying a franchise? Well, it is important to know what you are getting into before you take that dive.
Freedom (Or lets say no freedom):
The main rule of franchising it to follow the rules set by the franchisor. This aspect in many ways takes away your individuality from the business. If you are someone who likes to work with freedom; if you like setting your own goals, rules and work ethics;if you need your daily doze of independence, then you should think again before investing into a franchise.
Capital (Money indeed talks):
Every business needs capital investment. You have to keep in mind that in order to meet the cost and the expenses its vital to invest more funds than what the franchisor suggests. If you want to earn well above the break even, you will have to invest more. This monitory reason compels many people to drop the idea of purchasing a franchise and start their independent business. What they ignore is that it is a common belief that if someone cannot afford a franchise in the field that they are considering then there are chances that they will remain under funded as an independent. This point may not always be true but always consider it.
It is all about you:
People often forget that there is a huge difference between aptitude and attitude. A kid might have the attitude to become a doctor, but he may not necessarily be intelligent enough to clear the pre medical exams. Dreaming big is good, but you should always remember that those dreams should be realistic. You have to know yourself, your wants, and most importantly your capabilities. Figure out what interests you, know that you can do it and then take the decision.
Happy franchisezing!