Everything has advantages as well as disadvantages.
If you're looking to start a new business one of the consideration, so first of all question with yourself is that you're going to start a new business or a franchise .
When you're considering to get involved with franchise you need to see all the benefits and also you have the potential to facing the risk if you might have. If franchising is good for you let's move .
Advantages of franchising:
The franchisee is the buyer which purchases the brand from the franchisor.The franchisee pay the starting fee to the franchisor and use the brand .
There are many advantages which are given below:
1.Business assistance
2.Buyer power
3.lower failure rate
4.lower risk
5.Brand recognition
6.profit
7.Be your own boss
Disadvantages of franchising:
There are also some disadvantages which are given below:
1.Restrict regulations
Depending upon franchise agreement and franchisor control .
*Business location
*Hours of operating
*Holidays
*Products
*Marketing
*Resale condition
2.initial cost
3.investment
4.potential for conflict
5.lack of financial privicy