The desire to run a business runs deep and wide in the United States. Some people just want to be their own boss. Additionally, as big corporations have laid off long-time employees, replaced people with machines, or sent jobs to lower-cost countries, workers have sought a way to make a living that can’t be taken from them. If they have never run a business, they often look at franchising as a guided path to success.
Most importanly, understand that franchising is not a guaranteed success. You must be an informed franchise buyer. While the Federal Trade Commission and several states require franchisors to disclose information about a franchise offering, most government agencies do not verify the information. Don’t just read the Uniform Franchise Offering Circular, double check its accuracy. Above all, talk with other current and former franchisees of a system before buying.| | | Next → |