Franchisee Versus Starting From Scratch

Should I Own Franchisee or Start a Business From Scratch?

Hi ,
A great Blog for some one who is new to savings .. Investment ...
i would like to star a day care ..can you give me some tips ..advice on how to start and legal doc..and is it good to take a franchise or start my own one ...
Please suggest .. thanks in advance.

Many people ask me that, Should they go for Franchisee Business or Start their own Business? Well, going for any option has it’s pros and cons. But starting your own Business from scratch has long term advantages.

There are several advantages of starting a Franchisee Business. One commonest advantage is that, in case of Franchisee Business, you work with the already established brand name which makes your work easy.

Another advantage of the franchise business is that, franchisees come with already established business model starting from employees training to billing system and everything else. So you just have to install these systems and you can start your business right away.

However, there are several disadvantages of the franchisee business also. What I don’t like about franchisees is that, you are working hard to develop the Brand Name of other Business on which you don’t have any kind of Management Control.

But if you start your own Business from Scratch than after few years, you will have your own Brand Name. Say for Example, This Blog. “My Journey To Billionaire Club” is a Brand Name today. If 2 years back, I had chosen to work for some great news paper than today “My Journey To Billionaire Club” would not be in front of you.

But today, I own my own Brand on which I have a full control. Another thing I don’t like about Franchisees is their higher Royalty Fees. Sometimes, after paying Royalty fees, nothing left behind as a profit. I know several people who started their Franchisee Business but within a year they get frustrated because of huge royalty fees.

Starting your own Business from Scratch is like jumping from the 18,000 feet with a Parachute. If the Parachute doesn’t open, you will met with a disaster. But it’s worth it in the long run.

So I advise you to start developing your own Business from Scratch as early as possible in your life means Now…!!!