What are the pros and cons of buying a franchise?
By Jeff Elgin •
Opinions expressed by Entrepreneur contributors are their own.
Jeff Elgin has almost 20 years of experience franchising, both as a franchisee and a senior franchise company executive. He's currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best meets their needs.
Editor's Pick
-
Its First Year, This Startup Struggled to Get 75 Clients. Five Years Later, They Have 18,000. Here's How They Did It.
-
I Sold My House to Work Remotely on a Cruise Ship for 3 Years — and I May Stay Aboard Even Longer. Here's What My Life Will Look Like.
-
Think You Screwed Up? These 6 Business Leaders Share Their Big Mistake — and Lesson Learned.
-
This Founder Walked-On to a Top College Basketball Team in the '90s. Today, He and Drew Brees Are Bringing the 'Walk-On Mentality' to Franchising.
-
Do Unplug Days Lead to Productivity? The Answer May Surprise You.
-
Here's the Secret to Growing Your Small Business, According to Execs at UPS, Airbnb, Mastercard, and Other Big Brands
Related Topics
Franchise
Free Webinar | November 8: Unlocking Financial Freedom: The Side-Hustle Franchise Path
Your aspirations to have an additional source of income can become a reality as a side-hustle business owner — and this free webinar will show you exactly how to do it. Register now →
Business Plans
Unlocking Growth — The Power of KPIs in Driving Franchise Brand Success
Why it's critical to track your franchise goals and objectives.
Side Hustle
Retirees Have a Passion for Pickleball — and One Man's Related Side Hustle Rakes in Up to $5,000 a Month
Bahman Mody saw an opportunity he couldn't ignore on Instagram.
Business Models
Pros or Pretenders? How to Choose a Reliable PR Agency in 6 Steps
With a multitude of names vying for clients' attention, how can you be certain that you're selecting a dependable PR contractor?
Business News
These Great-Grandparents Booked 51 Back-to-Back Cruises Because It's 'Cheaper Than a Retirement Home'
Retirees Marty and Jess Ansen hopped on a cruise ship nearly two years ago and never left.
Business Culture
3 Valuable Business Lessons from Harvard's Unabomber College Reunion Controversy
In 2012, Harvard mailed out a questionnaire to its alumni. One of their alum, Theodore Kaczynski (The Unabomber), mailed back a response from prison... and Harvard published it, hurting their reputation. Here are three business risk mitigation lessons to learn from the debacle.
