Kevin O'Higgins Solicitors reposted this
Delivering 40+ years of legal experience to private clients & businesses | Principal Solicitor at Kevin O’Higgins Solicitors
“Is franchising better than starting a business from scratch?” Here’s my take: 🟢 Pros: Reduced risk. Lower failure rate. Higher profit margins. Collective buying power. Instant brand recognition. Pre-existing customer base. Be your own boss, but not alone. Comprehensive business assistance. 🔴 Cons: High starting costs. Hefty initial investment. Potential for disagreements. Limited creativity or innovation. Books are open to the franchisor. Feeling restricted, narrow, constrained. Restrictions on location, hours and products. Potential for Conflict within the franchise network. Franchising can be lucrative. But there is no reward without restriction. Before you make any big business decision, Always do your homework. ___ P.S. For more insights on franchising in Ireland, Read my quick guide on the pros and cons: 👉 https://lnkd.in/eiPXPmkp ___ #kevinohiggins #kevinohigginssolicitors #franchise #franchising #ireland