If you had $10,000 with which to start any business you wanted, how would you proceed? Would you buy a franchise? Open your own storefront either online or in a brick and mortar building where you could sell your favorite things? Develop a personal service to allow yourself new freedoms (travel, personal connection, exposure to fine arts, etc.)? What would you do first?
Very interesting question Lisa!
The options are virtually endless.
Seemingly, buying into a franchise would give you an idea of already established exceptions. From the clientele, to the pricing and products that have been shown to be successful, to even knowledge of products and pricing that have not been so successful.
On the flip side, depending on the franchise, you might also lose the ability to add your own voice and creativity to the business.
I'd be interested to see the stories our members could share surrounding their experiences, both good and bad, with buying into a franchise.
Who here has experience with buying into a franchise?
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