June 16, 2006, Newsletter Issue #20: Low Cost Franchises with Fast Growth
Tip of the Week
The low cost franchise opportunities which are experiencing tremendous growth have both disadvantages and advantages. The advantages are obviously that consumers like the product and the name will become even more known as the growth continues (this is a good thing as it fuels the growth in your business). It probably also indicates a sound financial structure. On the other hand, the franchisor organization is probably growing as fast as the individual franchises and that may cause some difficulties. In any fast growing organization, some things get lost. If you are brand new to the small business franchise, you may not get the support you need and may feel overwhelmed by the fast growth expected of you.
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