With A Franchise Business, The Chances Of Success Are Much Higher. According To The US Department Of Commerce, After Completing A 7 Year Study, Over 90 Of Franchises Are Still Trading Profitably.So Why Am I Saying That A Franchise Business Might Not Be Right For You? A Franchise Is Not Right For You If:1) You Are The Type Of Person Who Does Not Like Following Guidelines 2) You Believe That You Know Better Then Everybody Else3) You Can't Accept Other People's Advice4) You Want To Change The Look And Feel Of The Product5) You Want To Do Things Your Way6) You Expect Others To Take Responsibility7) You Dont Believe In Hard Work8) You Are Aggressive And Can't Control Your Temper9) You Are Not Ready For Commitment10) You Can't Work With PeopleThe Limitations To A Franchise Opportunity Are That You Will Not Be Able To Deviate From Procedures. You Will Have To Buy From Predetermined Suppliers And Use The Computer Systems And Software That Has Been Chosen By The Franchiser. You Will Also Be Limited To Where You Can Operate The Business As The Franchiser Will Not Allow You To Endanger His Reputation, In A Location, Where He Believes That There Is Little Chance Of Success.When People Choose To Go It Alone, 80 Of Business Start Ups Fail Within 5 Years. This Is Because They Are Entering A Market Where Their Business Knowledge Is Usually Poor, Although Their Product Knowledge Might Be Good. All Their Experience Comes From Trial And Error, And The Banks Are Quick To Pull The Plug If Cash Flow Projections Are Not Met.Now A Franchisor Has Been Through A Period Of Trial And Error. They Have Found A System That Works And Suppliers Who Deliver. Why Would They Allow You To Change This Proven System?Although The Chances Of Success In A Franchise Opportunity Are Much Greater Then If You Choose To Start Your Own Business, Only You Can Decide If You Can Live Within The Confines That Have Already Been Determined By Others. Irrespective Of Which Road You Choose To Go Down, Always Take Professional Advice.
