“You are in business for yourself, drugstore but not by yourself.”
We have all heard the stories. Sometimes a statistic is sited. Other times someone might tell us a story about how an acquaintance had a big success with a franchise. Regardless of the specific story, we have all heard something about franchises being more successful than other businesses. Why is that? What makes a franchise more successful? Five advantages are usually given:
- You have Time Tested Instructions You Can Follow. With a franchise, you are given the instructions for how to be successful. You are not the first person to become a franchisee with that company. They have done it before. Because they have done it before, they have learned what works in building a successful business.The franchise company will share what they have learned. They will teach you the simple methods of being successful. If you follow their recommendations, you too will have a very successful business.