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Buy a franchise or create your own business?

m_cel

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Which one do you prefer? Buy a franchise to have a business or create your own concept for your business?
 
I think it might be a good idea to start your own business.If you have a good plan and already some experience in that field where you want to start the business,it is recommended to do that.Franchise business might be a little expensive at the start.
 
A franchise business and a private one do not practically differ from each other, the essence is the same only in a franchise it is easier to start.
 
Starting your business has it advantages if you will have the required capital and patience to build it because the challenges are sometimes discouraging but if you have enough capital franchise is also because the challenges are minimal.
 
Buying a franchise can prove to be a viable alternative to starting your own business. One advantage of buying into a franchise is that they offer the independence of small business ownership, supported by the benefits of a big business network. But the disadvantage is that the agreements of franchise dictate how you run the business, so there may be no opportunity for creativity or innovation on your part, aand there will also be restrictions on where and how you operate, the products you sell or services you offer, and the suppliers or chain of suppliers that you use.
 
If you are looking to make gains quick and easy, then franchising is good for you. You don't have to worry about licensing, equipment and know how. All you need is startup. However owning your own from scratch can be a lot of work but definitely worth much more in the long run.
 
Franchise method can work out if you have made the right franchise for the place where there is demand for that. I have seen some people successful with franchise model. But if there is no such in your area then the best you can do is create your own business. That said, both would require hardwork and you have to also be relying on promotion and word of mouth.
 
I think this is a function of the amount of capital require if the business is to be a new business. If the capital is moderate then starting a new business is the best thing as you will have your own business which you can control as you so desire and can hand it over to your children.
 
I prefer my own business because I will like to run with my own marketing ideas and executing them.So having my own business will be more valuable to me.
 
I prefer my own business because I will like to run with my own marketing ideas and executing them.So having my own business will be more valuable to me.
That's the point. If you are to work for someone , you will be control behind your will but when you have your own business you will be able to take full control and decision with no one to answer sir to .
 
That's the point. If you are to work for someone , you will be control behind your will but when you have your own business you will be able to take full control and decision with no one to answer sir to .
The whole essence is to live your dreams and have a dream business come true and how can we achieve this it is by having our own business.Most conglomerate started small,so even with few dollars a good business will flourish.
 
The whole essence is to live your dreams and have a dream business come true and how can we achieve this it is by having our own business.Most conglomerate started small,so even with few dollars a good business will flourish.
i agree, but it would take a lot of hard work and sleepless nights to get there. be prepared.
 
i agree, but it would take a lot of hard work and sleepless nights to get there. be prepared.
The youths should understand this,nothing good comes easy. Having a flourishing business takes a whole lot of work but be rest assured that you will be called some day a great enterpreneur.
 
Of course, owning a business is a priority, although some options for franchises are more attractive because you know 100% that it will be profitable.
 
There is no unique ness in buying to me , i would rather start a small business , but first i would develop the plan , initial marketing , find investors , rule of economy ( you must get investors ) then you should slowly increase brand awareness , collaborate with partners offers discounts at events and occasions , hire local promoters , add your own army of affiliates do the math and then start again with new day ;)
 
if the franchise is running smooth, then why not, it might cost more than creating a new business, but atleast you'll guarantee a succesful business and skip all of those hard parts in the beginning
 
Either you create your are creatingown business or you are buying a franchise, each has it parculiar advantages and disadvantages. While creating your own business could be time consuming, buying an already bad business might be risky
 

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