The route to success is not usually a straight and direct path. Though franchising offers many advantages and can prove to be a prosperous venture compared to starting a traditional business, it is not without its challenges.
We tapped into the minds of some of the best of the franchise industry to compile a list of the top 10 biggest challenges that potential franchisees may face.
Keep in mind, a reputable franchisor will ease the transition for you and could even completely eliminate many of these points.
Joel Libava, President – The Franchise King
Mark Milburn, President – Franchise POD
Lonnie Sciambi, CEO – The Small Business Force
Rick Grossman, President – My Franchise Hub
Kylee Hoffman, Marketing Manager – OpenWorks