Best Franchise Opportunity

If you are looking for the best franchise opportunity, you are most likely looking at going into business for yourself, but is a franchise really working for yourself? Maybe you have just started investigating, maybe you have a franchise agreement in front of you, STOP and scrutinise everything. This page is not intended as legal advice, but as an ex-franchisee I will point out exactly what you will be in for.

Business opportunities through franchising have had a small amount of success stories. Some do suceed, but it is rare, always was rare and is even more rare today. It is like walking into a casino, most people are losing, but a couple will win, it is luck for a tiny minority and even then, the luck eventually runs out.

The problem is it has all been done before. Each market is saturated. The franchisor's main purpose and goal is to SELL as many franchises as possible, this leads to too many outlets too close together to make any real profit for the franchisee. The franchisor makes money on volume, so they don't care how close to each other the units are. Truth be know the best franchise opportunity is to invest your money elsewhere. There is no benefit to a franchise, if you want your own business, do it yourself, it requires less money up front, will make more profit and has a HIGHER chance of success than a franchise. It is a no brainer, don't believe what they tell you, they just want a sale.

The failure rate for franchisee's today is a whopping 80%, so right from the start you are on the backfoot. If I told you to invest your money in a bank account, and at the same time told you that same bank had an 80% chance of closing would you do it? I doubt it. Still for some reason people invest in franchises. It is because there is not enough real truthful information out there. The lie that you have more chance of success than going at it alone it promoted, in the media and their sales hype.

Owning a franchise is described as your own business, but what you are really doing is buying yourself a job. When you consider that if you are very lucky your net profit will be arond 15%, then you must pay royalties to the franchisor, this make the franchisor a 50% partner in your business as half the money you work your butt off to make will go to them. You really only own a license to operate their business for them.

You see the franchisor does not take on your risks, they use your money to test the market and grow their own business - the business of selling franchises and trying to convince anyone that will listen that theirs is the best franchise opportunity. They have no investment in your business.

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