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The Misconception Framework: Unveiling the Truth about Buying a Franchise - Is It Right for You?
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Ever wondered why some folks advise against buying a franchise?
It might seem odd, especially coming from someone who's been in the franchise business for a quarter of a century.
But here's the thing - franchising isn't everyone's cup of tea.
It's not about starting a business from scratch or creating something that's never existed before. Instead, it's about adopting an existing business model, adding layers of planning, coaching, support, and marketing systems.
Sure, there are trade-offs like royalties and certain boundaries you need to respect. But on the bright side, franchises often outperform startups by a whopping 40% or more in revenue.
So, if you're mulling over business ideas, give franchising a serious thought.
But remember, if your heart is set on starting a business from scratch, franchising might not be your best bet.
Because in the world of franchising, it's often the settlers who prosper, not the pioneers.
◽️◽️◽️◽️◽️◽️
◽️◽️◽️◽️◽️◽️
Find me at
#FranchiseBusiness #BusinessModel #StartupVsFranchise
It might seem odd, especially coming from someone who's been in the franchise business for a quarter of a century.
But here's the thing - franchising isn't everyone's cup of tea.
It's not about starting a business from scratch or creating something that's never existed before. Instead, it's about adopting an existing business model, adding layers of planning, coaching, support, and marketing systems.
Sure, there are trade-offs like royalties and certain boundaries you need to respect. But on the bright side, franchises often outperform startups by a whopping 40% or more in revenue.
So, if you're mulling over business ideas, give franchising a serious thought.
But remember, if your heart is set on starting a business from scratch, franchising might not be your best bet.
Because in the world of franchising, it's often the settlers who prosper, not the pioneers.
◽️◽️◽️◽️◽️◽️
◽️◽️◽️◽️◽️◽️
Find me at
#FranchiseBusiness #BusinessModel #StartupVsFranchise
The Misconception Framework: Unveiling the Truth about Buying a Franchise - Is It Right for You?
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