In this era in which our economy is dominated by large business concerns having the ability to realize profits through potent marketing, high volume sales and low margins, one of the most effective ways for the individual small entrepreneur to fulfill his or her dream of owning a business is to acquire a franchise. Franchises often provide the benefit of instant name recognition, national advertising, cooperative purchasing arrangements, effective training, site location and ongoing operating assistance. Indeed, lenders are often more willing to make start-up business loans to franchisees of well-known franchises than to those who propose to operate similar businesses without the benefit of a well-known franchise. Nevertheless, the acquisition of a franchise usually involves a substantial investment and […]
