Franchise Risk

Is there a risk owning a franchise? In one word yes! Each geographic location has it's challenges and problems based on demographics, unemployment, economic changes and customer preferences. Even the largest and best known franchise companies close some of it's stores and offices occaisionally. But with a franchise you have a partner who wants you to succeed and will help you along the way. For this help you will pay them a percentage of your sales virtually forever as royalty.

Your obligation is to follow their plan with a realistic approach and confidence. Don't be timid about calling the main office when you have questions, problems or ideas. Starting a franchise usually has a higher rate of success than starting a business on your own but is not risk free. It's best to work with someone or a coach who can assist you in the pre-contract stage to make sure it's right for you and your goals. One you sign the contract and pay the franchise fee there's no turning back. Thousands of people have relied on a franchise, just look down your main street.

Barry is a franchise and business coach who has started and operated 20 businesses of his own and helped others. www.idealetter.com