Why do people buy franchises?
· PROTECTION… against…failure
· STRUCTURE…support systems already in place, e.g., training, purchasing, merchandising, facility layout. Etc.
· CAMRADERIE… “strength in numbers”
· EASE OF DOING BUSINESS…don’t have to “re-invent the wheel”
e.g., legal work is done, marketing systems developed, etc
· SYNERGY…both personally and business-wise
Buying power, mutual support systems, sharing ideas, etc.