If you are tired of working for someone else and exploring opening and running your own small business, you are probably confused about
multitudes of available business possibilities. To make matters worse, authoritative voices differ in their opinions of whether opening a major franchise business is preferable to starting an independent business.As an owner of nine franchise businesses, I have personally experienced benefits as well as limitations of opening and running franchise businesses. The following is a list of pros and cons of owning a major franchise business.
1.(Pro) Pre-existing building layouts and décor requirements lesson start-up confusion and facilitate quicker and easier start-ups.
Many pre-existing franchisors “The Franchise Giver – Big Daddy” usually equip their new franchisees “You – The Little Fish” with possible layout and decor drawings and requirement spec sheets, thus taking guesswork and hassle out of trying to figure out how you are going to build-out and equip your new business. 2.(Con) Loss of creative control over business layout and décor appearance.
The benefit of being told where and how to build and place everything comes with loss of freedom you may want to express your creative decorative expression in your business. If you want to decorate your business with freedom, research franchise décor rules and regulations before you purchase a franchise.
3.(Pro) Franchise agreements and structures set up to save you money on business, service or food products.
Because of greater number of franchises, “Big Daddy” usually has arranged cheaper national contracts wherein you can get certain services, business or food products at a significantly reduced price. You get to save money.
4.(Con) The products and/or services you provide are regulated and controlled by “Big Daddy”.
These cheaper prices are usually accompanied with regulation and control by franchisor as to what type of products and services you can or cannot purchase. In other words, “Big Daddy” tells you what you can or cannot buy and from whom.
5.(Pro) National Advertising included.
