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Do franchises help small businesses develop or hinder them?

Over the past few months I’ve been looking at franchises. I’ve come to the conclusion they’re a waste of time. Of course this is a general statement, I’m sure there are people out there who are making them pay.

So why do I dislike franchises based businesses?

In essence people are paying a lot of money for a brand name and marketing assistance.

Last year my wife had the option of becoming a franchisee or setting up on her own. It didn’t take long to work out the latter was the better option. In a short space of time her cleaning services venture in Wetherby has gone from strength to strength. So much so, she’s now turning business away.

Before considering a franchised based business, you need to make sure you fully understand what you’re taking on. Personally it’s not a route I would consider taking.


By Peter Arkwright

Date Written: Sun, Feb 2nd 2014