What are the advantages of owning a franchise over starting a business from scratch? Carmen Chavez de Hesse, franchise expert, shares her opinion in this interview.
Some of the items Carmen hits on are:
The shortened learning curve (0:12)
Support from the larger brand (0:27)
There are many benefits to owning a franchise.
Mastering Business Basics Quickly
One of the most important ones is probably the shortened learning curve, where you’re able to have a business that you love and not have to go through all the trials and tribulations that you might have had had you started from scratch.
Support from a Stronger Network
They often say in franchising that you’re in business for yourself, but not by yourself. I think that you really want to look at it as you still have some sort of interdependence to be in control of your business but you know that you have the support of a bigger business and a bigger network behind you every step of the way.