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why might an entrepreneur decide not to take out a franchise agreement but to establish own business?
November 26th, 2010by
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A franchise agreement ties him into the franchisor – he must do business as the franchise agreement dictates – that means purchasing supplies from them or their supplier, doing accounting as they do it, there are all sorts of things in a franchise agreement – including a franchise fee. By just opening his own business, he is free to do business as he likes, free to choose his suppliers, and he doesn’t have to pay a franchise fee.
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2 Responses to why might an entrepreneur decide not to take out a franchise agreement but to establish own business?
A franchise agreement ties him into the franchisor – he must do business as the franchise agreement dictates – that means purchasing supplies from them or their supplier, doing accounting as they do it, there are all sorts of things in a franchise agreement – including a franchise fee. By just opening his own business, he is free to do business as he likes, free to choose his suppliers, and he doesn’t have to pay a franchise fee.
I am planning on buying items whosale for retail on the internet, flea markets and peddlar malls. No huge franchise fee necessary.