Starting a franchise is no easy task. But after you’ve got yours up and running, that’s when the real hard work of building your business — and staying in business — begins.
Thousands of new businesses start every year, but only 75 percent make it through their first year, and 55 percent fail within five. While the survival rate for franchises is higher than the rate for independent companies, staying in business is no sure thing. However, there are some surefire things that can cause a franchise to fail. Watch my video or read on to find out what they are. Continue reading “Starting A Franchise — The Top 3 Reasons Why Franchisees Fail”