Franchising: the Pros and Cons
Buying a franchise is, in many ways, the easiest way into the business world for the budding entrepreneur. But it also means sacrificing a degree of independence and control - so determine the pros and cons before committing.
Benefits
“If you look at the success rates for start-ups, you’ll see a 90% to 95% failure rate inside the first five years; even the VAT office says that 75% of registrations are cancelled within the first three years.
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