Every Potential Franchisee Wonders: Go It Alone or Partner Up?

Posted by franpro under Franchises
From http://www.franchisedirect.com 4283 days ago
Made Hot by: FrankenBlogger on February 23, 2013 6:10 am

Potential franchisees have to choose between partnering up with someone or going at it alone. What is best? Well, every situation is different, that's for sure. The editors at franchise Direct look into this choice.

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Comments

Written by AngelBiz
4275 days ago

Both franchise and independent business model have their pros and cons. Franchise does give you a proven business model, brand recognition and operating processes. However, as you mentioned, it comes with the price of freedom.

My recommendation is if you are new to business and just starting out go with the franchise model. It will give you opportunity to learn without having to take too much risk.

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Written by HeatherStone
4275 days ago

Whether running a franchise or other small business, the key to any partnership has to do with determining what value everyone brings to the relationship. People sometimes seem either adverse to partnership or too eager to enter into them on principle alone. While personality certainly impacts your ability to work in a partnership in general and cannot be ignored, the real question should be whether a partnership offers you or others benefits for working together or not. Thanks for the post and to Joel Libava for sharing it with the BizSugar community.

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