Some franchise owners feel more like employees than businesspeople. Why? Because they didn’t do their homework when they purchased the franchise. They became involved with a franchisor that has tight control over franchisees, and they don’t like it. Every franchise has a proven method for their business, and franchisees need to follow it in process and spirit. That’s the purpose of buying a franchise in the first place. But some franchise companies enforce less control than others, and they let the franchisee make some decisions on his or her own.
There’s nothing wrong with either approach, and you must decide which works best for you. Some people just want to follow the program without making any decisions at all. But if you don’t want someone controlling all your activities, then maybe you should forget the franchise and open your own independent business. With a franchise you’re not really a subordinate, but the franchisor does hold a higher hand.
Is There Any Risk?
In a word: absolutely. Each geographic location has its challenges and problems, based on demographics, unemployment, and economic changes, among other factors. There are few, if any, surefire businesses where you can pay your franchise fee and be a multimillionaire in six months. Even the largest and best-known franchise companies close stores or offices from time to time. But with a franchise, you have a partner—someone who wants you to succeed and who will show you how to run a successful business and help you along the way. Your obligation is to follow the plan with a realistic approach and confidence. Don’t be apprehensive about calling the main office when you have questions or problems. Starting a franchise usually has a much higher success rate than starting a business on your own. So if you’re not quite ready to start from scratch, consider a franchise. Thousands of people have—just look up and down your Main Street.