Get the facts.
There are many misconceptions about franchise ownership.
I Need Industry Experience
Having experience in a particular industry doesn’t guarantee success. It’s much more important to be able to follow standard operating procedures and apply the franchisor’s proven formula for success.
Franchise Ownership is Passive and Absentee
Even with an executive business model, commonly known as an absentee franchise opportunity, time will be required to manage the manager. To consider owning a franchise, you’ll need a minimum of 10-15 hours a week to work on your business.
A Franchise is a Multi-Million Dollar Investment
Not all franchises are McDonald’s or require a multi-million dollar investment. There are franchises under $100K and there are franchises over a million dollars. What's important to know is that it doesn't have to be all of your own money.
Investing in a Well-Known Brand is a Guarantee
It’s logical to assume that investing in an established brand increases your chances of success but it’s also a misconception. When you join an emerging franchise, you have more influence in shaping the brand. Prime territories are readily available and emerging franchises often offer incentives to owners who get in early.
Working with a Franchise Advisor will Increase my Costs
Working with an advisor is 100% free to you and can add significant value to your transaction. Franchise brands get hundreds of inquries a day. When you work with a Frannexus advisor, you’re not just another online application. We have relationships and personally introduce you to company executives and brand representatives, increasing your chances of being awarded the business of your choice.
I can Find Everything I Need to Know About Franchising Online
If you’ve been searching for a while, chances are you’re feeling overwhelmed, perhaps even drowning in the infinite sea of franchise opportunities, facts, figures and opinions. We help you cut through the clutter with unbiased information to keep your focus on what’s really important.
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