Franchise: Opportunities for the Un-Creative!

Not sure what kind of business you'd like to start?

Want an investment that you have more control over than a security, but need a helping hand?

If so, a franchise may be right for you.

Here's some pros of running a franchise rather than your own "from scratch" business:

• Reduced risk of failure;
  
• proven methods and products;
  
• start-up help;
  
• ongoing training and support;
  
• local, regional and national advertising;
  
• collective buying power;
  
• research and development; and
  
• association and synergy with other franchisees.

Unfortunately, for the many advantages of franchise ownership, there are some costs that you don't see with your from scratch business plan:

• Royalty and other fees,
  
• smaller profit margins,
  
• lack of independence and freedom, and
  
• a franchisor's problem may become your problem

Source: International Franchise Association

For more helpful information about starting a franchise, visit franchise.com.