Topic > To what extent is owning a franchise a good business...

Why start a half-baked business when you can have it all to yourself and make the most of it? A franchise is a business that uses the original company name to sell goods and services in a particular area. In other words, franchising is the creation of an alliance between groups of people who have the specific goal of dominating the market and having more customers than their opponents. The original company is called a franchise and the person who opens a franchise is a franchisee. Even though the affiliate has to pay for the business name, they are still provided with standards, quality, access to tools and materials, and advertising. In addition to this, customers will know the name of the company from the moment it starts operating. To a large extent owning a franchise is a good business because it has a track record of success, provides support to the owner, but limits the owner's flexibility. Franchises are very successful these days because they have a proven track record. According to Document E “Fees for franchise owners are higher than those for independent businesses. Nine out of ten reported profits in 2002.” This shows that franchises make more money than company-owned companies and this is one of the reasons why there are so many franchises. Also in the same document the author states that “Approximately one in 12 retail businesses in the United States is a franchise-owned business.” This is an example of the popularity of franchising among businessmen. He points out that every day there are more and more people starting a franchise and making a profit, which encourages others to start a franchise. Franchises are a good investment where there is more money and they have more fame and reputation in the...... middle of paper ......if they are starting a new business and have no experience what so ever on how to manage a business. These types of businesses help these people understand how to start their own business and what to do when they face a problem in their business. Franchises are a great business that is popular among people and makes a lot of profits, it also supports its franchisees, sometimes it negatively affects the people who are in the business, but it is for their own good. This highlights the fact that even though a franchise is a half-assed business where franchisees have to share their profits with the parent company, it is actually much cheaper than owning your own company. Franchises are businesses where a lot of profit is made and people are successful every day. Works Cited http://www.areyoureadytofranchise.com/?gclid=CKu0xeLLg74CFYxufgodCokA1w