Deciding whether to start a business or buy a franchise can be a tough decision. Here are some benefits and drawbacks to think about with each.

1. STARTING A BUSINESS
VS. BUYING A
FRANCHISE

2. • Starting a business usually costs
significantly less upfront.
• Reduced cost risk with franchises, as
established business plans are available.
• Much more spend on a new business
within the first few years, as no
customers base exists from the
beginning.
• Franchisors also help franchisees secure
funds needed to franchise.
COST
DIFFERENCE

3. • One of the chief benefits of owning a franchise is the
instant customer base that you will gain because of
the familiarity tied to the brand of the company. This
is something that can take several years to achieve
with a new business.
• Much more guidance is provided to you as a
business owner. This can include everything from
training your employees to stocking your business
and carrying out services. The franchisor has already
gone through the process of trial and error for you
and can show you the methods that have proven to
be the most successful.
• It is possible to gain income from your business
much sooner with a franchise since most aspects of
getting the business started are ready to go.
• Franchisees will have more support than an
individual business owner and will receive things
such as training, marketing assistance and general
corporate support.
• Even though there are regular franchise fees that
need to be paid, much of that money will go toward
aiding you in the success of your business.
BUYING A
FRANCHISE

4. • More freedom.
• Higher risk.
• Long hours working as
there is typically no
support system.
• Large rewards after
business succeeds.
• No franchising fees.
STARTING A
SMALL
BUSINESS