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Follow on Google News | Ifs and buts of Owning a FranchiseOwning a franchise is an intelligent decision. Still an aspiring entrepreneur needs to be cautious enough before buying a franchise.
By: Franchise India Advantages of owning a franchise:- Taking up a franchise business cannot guarantee success but it is more reliable and risk free as compared to starting one’s own business from a scratch. The advantages of buying franchise business are: Established brand: A franchise@http://www.franchiseindia.com/ Less advertising cost: Franchisee enjoys the benefit of already popular brand and he is not required to spend some extra bucks on its promotion. Successful business model: Franchisee gets the proven business tactics to make his franchisee business a success. So, there is no need for him to take any kind of business pressure especially during the initial phase. Expertise of Franchisor: Franchisee benefits from the support and expertise of the franchisor and with time develop a good knowledge and experience in running a franchise business successfully. Training: Another advantage of owning a franchise is the training and know how provided by the franchisor to the franchisees and to their staff initially as well after some period of time. Disadvantages of buying a franchise:- While there are so many advantages of owning a franchise, darker side of buying a franchise business can not be ignored. Huge investment: Buying a franchise mean huge amount of investment in terms of franchise fee, infrastructure, planning, and operations. However in case of independent business a franchisee can plan his business as per his budget. Lack of independence: Restriction for buying products or services: By owning a franchise@http:// No doubt buying a franchise has its advantages and disadvantages still it is a better option as compared to independent business. Also if you gel well with your franchisor and takes every possible effort to keep the brand free from dilution, the franchisor is more than happy to extend his unconditional support to you. Franchise India provides you information about any franchise business opportunity available in the market. Here you can get all the information about buying a franchise, owning a franchise and franchise.please visit http://www.franchiseindia.com/ End
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