One of the biggest sources of frustration among franchisees is that they perceive that the value added they get from association with their franchisor diminishes over time…. Another concern expressed by franchisees is that with all of the rules and standardized procedures, they tend to feel more like an employee than a business owner…A financial risk to consider is that many first time entrepreneurs can only afford newer franchised concepts, since well established franchises can cost hundreds of thousands of dollars to buy in. These start-up franchisors can begin to experience their own growing pains. Some don’t survive. In some cases they may take the franchisees down with them.
via Anthony Cerminaro.
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