What are the cons of franchising your business?
If you are looking into franchising your business, you probably want to know what cons there are.
There are some implications to franchising a business that should be made clear to you.
The first one is that you give up an element of control by delegating the running of a franchisee location.
Another con is that change can be a bit slower or more complicated. This is because you will have a network of business owners, who will look at everything from a commercial perspective.
So if you want to change anything, you have to convince the franchisees that it is worth doing. You have to be a bit more thorough and involved when you execute change in a franchise business.
There are also some smaller issues. Such as price, you have to allow franchisees consider appropriate prices in the local market place. You can set you framework, but not specific prices.
Get in touch by email email@example.com, by phone 02380275710 or by using the pop up contact box.
Find out how Franchise Intelligence help to franchise YOUR business. Listen to franchise consultant Clive Smith detail the process and…
If you’re a business owner that feels the time is right to expand then its possible you may have thought…
The franchise method is used to successfully grow business of all different kinds in a range of sectors.
Watch franchise expert Clive Smith as he details the top reasons for franchising your business. He explains what you can…
Find out how to launch your franchise and to scale the business successfully in this video with Nick Strong.