Do you want to start your own business and be your own boss? If so, you’re not alone. Nearly 40 percent of workers want to start their own companies, according to a report by the University of Phoenix Business School.
The good news is, many aspiring entrepreneurs will make this goal of business ownership a reality. The bad news, however, is that 80 percent of those that start an independent businesses will fail within five years.
That’s why many people are pursuing a different path and starting a franchise instead. In addition to the fact that franchises enjoy a much lower failure rate (just 15 percent of franchises fail within the first five years), there are many other distinct advantages of franchising.
If you want to own your own business, starting a franchise could be a great choice for you. However, you need to choose the right franchise in order to be successful. That’s why doing your homework and educating yourself about the different options in the marketplace is so important.
To help you do just that, we asked our very own franchisees to share their tips for researching franchise opportunities. Continue reading “Franchising FAQ: How Did You Educate Yourself About Starting A Franchise?”