Do You Need Another Good Reason To Buy A Franchise Business?

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Dude

A while back, I listed " The 5 Top Reasons For Buying A Franchise."

Allow me to refresh your memory;

  • To avoid dysfunctional bosses
  • The desire to create equity
  • A desire for more freedom
  • A desire to create a legacy
  • Community involvement

I still feel that those are valid reasons. I forgot one though…

Before I share the one I forgot, please read about the five top reasons to buy a franchise, that I mentioned above. It's important. Then come back here..

The one reason to buy a franchise that I forgot to include has to do with the times we're in. It has to do with our changing environments. (Not Earth's environment) It has to do with one of the most important aspects of franchising; Speed.

Speed to market, to be exact. When I do my franchise seminars and classes, almost always, someone chimes in with, "I don't understand why anyone would pay a franchise fee plus all those royalties for something that they could probably do on their own." (Please realize that I dream about statements like this!)

I answer with, "You're right. You probably could. But, how fast could you get to market? How many mistakes will you be making that you could have avoided just by investing in the franchise? How many extra months of economic hardship would you like? "

The person who asked that question usually starts shaking his or her head up and down (In agreement!) and we move on.

Speed to market. The environment that we're in requires small business owners to be fast on their feet. Technology has created this environment, and it looks like we're stuck with it. Everything seems to move lightning fast now. Business models can lose their edge in six months time! Do you want to be left in the dust?

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Here's a question;

Do you feel that it's important for you, as a prospective new small business/franchise owner, to leverage all you can from those who have developed a system that can enable you to get to market quickly?(Like a franchise, or a licensing opportunity)

Or, would you rather save the cost of a franchise fee, and do it yourself?

Do you know how to select a franchise that makes sense for you? Learn Here

Filed Under: Franchise Seminars, Franchise Technology
About The Franchise King®

My name is Joel Libava, and I'm the author of Become a Franchise Owner! In addition, I'm a franchise ownership advisor. I teach people how to properly choose, research, and buy franchises.
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  • http://www.thecrunchersfranchise.co.uk Crunchers Bookkeeping Franchise

    When I get asked this by bookkeepers for our bookkeeping franchise I talk about the value of the knowledge. For example, our pricing system will always result in a franchisee generating £x extra per hour which over the year is a good return on the fee. This is just one element of the knowledge.

  • http://www.franchisebizplans.com/7-steps-to-financing-a-fr.html Stacy @ ACE Financial Services

    Couldn’t agree more. And people who are planning on setting up a small business should take a look to various franchising offers.

  • http://redhotfranchises.com RedHotFranchises

    It’s always better to be selling existing wheels rather than reinventing the whole wheel.
    Excellent post!

  • Small Business Bible

    Hi,
    Franchising is a mean to gain capital investment and associate a small business with a brand-name. This can help greatly to propel a small business to immense heights and earn handsome compensations.