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Life in the USA is a complete guide to American life for immigrants and Americans. All materials on this siteCopyright © Elliot Essman 2007. All rights reserved. Home Back Next
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Life in the USA Doing Business Buying a Franchise
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Buying a Franchise
Magazines like Entrepreneur, Success and Business Opportunities are filled with advertisements for franchises and other business plans. The idea is that you invest money in an already proven business method, type of service, store or restaurant. In the case of a franchise you buy the right to use the company's trade name and proven methods of operations, often in exchange for a percentage of your sales. Franchises, particularly franchised food outlets, operate all over the United States.
Franchise Success is Complicated. Some people do well with franchise
opportunities, but many franchising companies have major problems or go out of business
entirely, leaving their franchisees stranded and without support. Franchising can work best for
fairly sophisticated businesspeople, but it is dangerous for others because of the relatively
high investment required. A truly ambitious entrepreneur may also find the franchising
arrangement too confining.
Next Section: Negotiating a Deal Doing Business: Chapter Home
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