Buying a Franchise vs Starting a Business
Should you buy a franchise or start an independent business? There are pros and cons of being a franchisee and being a company owner. One major benefit of investing on franchised businesses is the support. But that benefit come at a high upfront fee. The cost of owning a Subway, 7-Eleven, McDonald’s or Dunkin Donuts is around hundreds of thousands of dollars. Some entrepreneur prefer to launch their own retail outlet, chain store or restaurant simply because it is less expensive to start up. Here are the advantages and disadvantages of buying a franchise vs starting a business. See also How to Write a Great Press Release and How to Start a Business.