013 - 8 Common Objections to Buying a Franchise
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Manage episode 277374781 series 2822445
Leh and Reid explore the eight most common objections they see to buying a franchise. They discuss the validity of those objections and whether they should hold you back from becoming a franchise owner. The 8 Common Objections they explore include:
- Franchising is too expensive/I can't afford a franchise
- There is no freedom in owning a franchise because corporate controls the business.
- There is no creativity in owning a franchise.
- You must be an expert in the field.
- Franchisors get rich at my expense through royalties.
- Franchisees don't own their own business.
- Inconsistent validation on earnings is a reason to not invest in a franchise.
- Most of the franchises are in fast food and I don't want to get into the food services business.
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