The right franchise can provide a measure of security that is often missing from new ventures. Some of the most important advantages include:
-- An established brand. Franchises often sell products with regional, national, or even global recognition.
-- Training. Franchisers generally provide training to new franchisees. Such training can be extremely valuable for neophyte entrepreneurs.
-- Volume purchasing power. Many franchises also offer centralized purchasing, which frees you from worrying about how and where to buy many of your supplies.
-- Advertising. Many franchisers provide constant national or regional advertising.
-- A proven business model. You can benefit from that experience and avoid a lot of costly trial and error.
-- Accounting and budgeting systems. When you buy a franchise, you adopt the accounting and budgeting systems of the franchiser, which eliminates the complicated task of devising and implementing your own.
-- Other help running your business. Many franchisers provide ongoing assistance on issues ranging from employee training to marketing.