I am sure you hear that by investing in a franchise of your own, instead of doing a pure “this is my idea” start-up type business can tend to lower your risk. Sometimes this is a factual statement. It depends on the franchise. It also depends on you. Is the franchise that you chose a fit for what you are really good at? If you are a B2B type aggressive sales-type, are you choosing a retail opportunity which involves standing at your counter waiting for customers to come in the door? If so, it could be a disaster waiting to happen. Did you choose a fast food franchise opportunity, because it looked busy every time you drove by? By the time you find out that the food business is not as glitzy on the inside, as you first thought it might be?
One way to lower your risk is by doing the franchise research, correctly. Another way is to invest in a franchise that will buy back your business if in 15 months after your Grand Opening, you don’t hit the sales goals you were supposed to hit. Huh? Check out what this well known automobile service franchise just announced. You are encouraged to file it under “Good Franchise News.”