All Entries in the "Franshises" Category

Buying a Franchise Business… Good Idea or Bad?

James asks…

‘My wife and I looked at buying our first business, a franchise, a few years ago before I got offered a high paying job in mining. Due to the downturn, I recently got laid off and we’ve started looking again but have realised we don’t really know how to sort good from bad?… can you help us out with what to look for in buying a franchise? (Franchise or not?…)

Aaron says…

Franchising is one of the fastest growing business sectors in the world but… it’s not for everyone. The good news however is that statistics show franchise businesses having a much better chance of surviving the first 5 years than a ’stand alone’ small business so, let’s address what to look for…