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Buy a franchise or start your own?
Thinking about starting your own business, but not sure if it is right for you?
You might want to consider owning a franchise. Franchise ownership is a unique form of entrepreneurship
with both advantages and disadvantages over traditional start-up businesses. Check out this section to learn all of the upsides and downsides to
franchise ownership and find out why many Veterans are becoming
franchisees.
Are you fit for franchise?
All business owners share some similar traits and skills,
but franchise owners are often very different from business start-up entrepreneurs.
Discover what most franchisees share in common and find out whether your personality
is suited for franchise ownership. Franchise ownership might be the right fit for
you.
Common franchise myths
Is it true that
all franchises succeed? Are franchises really cheaper than starting a business?
This section will examine the most common myths about franchises and franchise ownership
and reveal which myths are facts and which are franchise fiction.
Choosing the right franchise
Do you know the
differences between the thousands of franchise opportunities available? If you don't,
you're not alone. Check out this section to learn what you need to look for when
reviewing a franchise and what you need to avoid. Choosing the right franchise has
never been simpler!
Cost of franchise ownership
Does a franchise
cost more than the initial franchise fee? Although people commonly look at just
the franchise fee to figure out how much a franchise costs, there are a lot of other fees and expenses that you need to take into account when figuring out how much
franchise you can afford. Read this section to find out what costs you need to plan
for and how high those costs might be. Plus, find out if higher priced franchises
are worth the extra money.
Understanding the UFOC
The Uniform Franchise
Offering Circular (UFOC) may seem overwhelming with more than 80 pages of information about you (the franchisee), the franchisor, its predecessors and its affiliates.
Need help understanding it all? This section breaks down the UFOC and explains each
of the different parts of the Circular, including what you shouid know about each
part and which areas may include warning signs about the franchisor. Don't miss
this section if the UFOC has you lost.
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