Question

franchising is a safe environment. critically analyse this statement as an entrepreneur

Answer 1

Yes Franchising is a safe environment because it is an interesting opportunity as it offers a chance of becoming your own boss.

Buying a franchise is sometimes cheaper than starting a whole business.

It will give you new experience and it doesn't require a job experience the franchise brands offer a particular training to the franchisees to teach them about the franchise

It is more safe investment than starting a new business because in starting a new business we have to deal with the foundation of the business but on other hand in franchise we will be in a settled brand and we can choose accordingly to the history of franchise

And the advantage of getting into a settled franchise is that it is settled and has a good recognition we need not to worry about over first customer and all

Buying a established franchise leads to the profits has it has customers and we can get benefits from the roots and the old suppliers of the franchise

And more importantly we can be our own boss we can decide what is good for the franchise and we can develop our skills and we can adapt new changes in franchise without anyone's permission

We can work from home when needed and our business will be in our hand

It has low failure rate compare to other businesses

It can be a profitable business because of the popular franchise have good profit as it will have pre established product or services

Advertising and market assistance will be easy as it is established franchise