Many people dream of having their own business. Buying a franchise has certain definite advantages, but it also has its drawbacks. The costs involved are quite substantial, and although the chances of failure are less, the risk is still considerable. Owning your own business has its advantages, but be very careful when making a large investment by buying a franchise. Read more »

Have you been considering buying a retail franchise, but now you wonder if it’s the right thing to do in today’s uncertain economic environment?  Your concern is certainly understandable.  It seems like not a day goes by any more that the TV screens and internet monitors aren’t filled with bleak economic news.  Many experts say that we’re approaching an era of little growth that will rival the recession of the mid to late 1970s.  Others hint at darker things, talking of comparisons to the Great Depression of the 1930s (although almost all experts dismiss that possibility).  Still, though, there’s no denying that buying a retail franchise in this economy will be a bigger risk than it would’ve been 10 years ago.  But, it actually might be a great time to pick up a retail franchise. Read more »

Owning a franchise is the dream of many a business owner, and would-be business owners. The concept of buying into a proven business model, with great branding campaigns being done for you, creates a very lucrative picture. Unfortunately, the success model you want to buy into comes with a hefty price tag. Most people are scared off by the numbers, but there are a number of franchise financing options you can explore before “giving up”. Read more »