Benefits
You leverage the work that has been done in creating the brand, building relationships with customers, developing busniess processes and the acquisition of assets.
You can make money faster.
It is easier to get money because the busniess model has already been proven.
Challenges
The initial investment is often higher than if you were starting your own busniess.
The busniess model and how it took the previous owner or the franchisor to conduct its busniess may not fit perfectly with your vision.
You leverage the work that has been done in creating the brand, building relationships with customers, developing busniess processes and the acquisition of assets.
You can make money faster.
It is easier to get money because the busniess model has already been proven.
Challenges
The initial investment is often higher than if you were starting your own busniess.
The busniess model and how it took the previous owner or the franchisor to conduct its busniess may not fit perfectly with your vision.
RSS Feed