So you’ve got the bug to start your own business, but you are hesitant to start from scratch. Purchasing a franchise may be a good move for you, but beware that you do not fall victim to the “Top 8 Franchise Startup Myths” that catch many entrepreneurs off guard.
A franchise, just like an independent small business, can fail. Success depends not on the franchise name and size but on the business savvy of the franchisee. So, to help you decide if becoming a franchisee is the right decision, let’s dispel the following eight myths about purchasing a franchise.
Myth 1) Getting a Loan Won’t Be a Problem
Myth 2) Competition Is Bad
Myth 3) Bigger Always Means Better
Myth 4) Never Be the First Franchisee in a System
Myth 5) I Don’t Need to Hire an Attorney or Accountant
Myth 6) A Popular Product or Model Always Guarantees Success
Myth 7) Managing People Will Come Naturally
Myth 8) A Franchise is a Guaranteed Success
Read full article at www.startupnation.com/articles/top-8-franchise-startup-myths/