Lee Duncan's Articles in Franchise

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Franchising Myth #3: Franchises Are Safer Than Your Own Startup Business This is the third in a series of articles about the myths of franchising. After extensive research, it's impossible to find any solid factual data to back the claim that franchises do better than your own business. The popular figure quoted is that 90% of franchises are still running after 5 years. But it's simply not true. Franchising Myth #2: Every Franchise Has A Proven System This is the second in a series of articles about the myths of franchising. These myths are the things that some franchisors would like you to believe, because it makes it easier for them to sell you a franchise. When you understand these myths, you'll be in a far more powerful position to take control in any franchise research or negotiation. Myth 1 About Buying A Franchise This is the first in a series of 7 articles about the myths of franchising. These myths are the things that some franchisors would like you to believe, because it makes it easier for them to sell you a franchise. When you understand these myths, you'll be in a far more powerful position to take control in any franchise research or negotiation. The phrase "a turnkey business" makes it sound as easy as jumping into your car, putting in the key and starting the engine. Truth, Lies & Franchise Sales Franchising can be a fantastic route into business and every year thousands of people make the decision to start their business with a franchise. While buying the right franchise can be almost a fool-proof formula for success, it can also quickly lead to financial ruin, far more frequently than you would imagine.

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