Some entrepreneurs purchase a franchise thinking their success is guaranteed. Sadly, this is not always true, but compared to start-up companies, franchisees have some distinct advantages, such as:
· The brand may already be recognizable to a large audience
· Collective purchasing allows supplies to be obtained at cheaper costs
· Franchisors typically provide training, meaning prior experience often isn’t necessary
· Well-established products or services may make it easier to obtain financing from lenders
· Support is sometimes available from other franchises in the network