Recognize Your Autonomy

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How important is my autonomy?

Recognize Your Autonomy

You need to evaluate how important your autonomy as a business owner really is to you before you offer franchises. One of the benefits of owning your own business is the freedom you have to do what you want to do. You can bring out a new product, redecorate and change your prices without consulting anyone.

When you are in a franchise situation all that changes. You will have to test new products in your store before sending them on to franchisees. You'll need standard pricing. You cannot redecorate or update the store whenever you want. You may be able to afford it, but your franchisees probably can't.

Every decision you make will impact the entire franchise system, and that takes some getting used to. If you don't think you can operate with the entire system in mind, don't franchise.

   

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