Franchise for startups?
Is franchise a good for startup business?
- JayLv 61 month ago
Do you know how much a simple Mc Donalds Franchise costs? That is not the kind of money a person starting up will want to spend.
Visit the Fiverr site and look for business plans for restaurants and food trucks. That is a more reasonable way to start.
Not everyone has a million dollars!
- DevorealLv 61 month ago
A franchise is never a 'start up'. A franchise exists when a 'start up' business has existed for long enough that the customer base has expanded to the point that one location cannot serve all of the customers. Then the owner will offer a franchise deal to a trusted employee and a new shop will open.
So unless you have loads of business experience in the field you want to buy a franchise in...you would be wise to just start your own 'start up' There is a good article about that on the Your Harmonic Resonance site. Probably ought to read it.
- AndrewLv 51 month ago
Yes but that's if you have a ton of money many people can't afford 100's of thousands of dollars to buy a franchise while they still have to pay bills. That's the main problem .