What to expect when starting your own business versus joining an established franchise brand

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Becoming a business owner is a dream many have as they look to establish themselves as professionals at the beginning of their working careers.

However, deciding how to get there is a complicated process and involves a lot of planning and decision making as you figure out how to invest your money. While the traditional route is starting your own business, franchising is another avenue to business ownership that could be strongly considered for those looking to be their own boss.

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Five things to consider when reviewing a franchising agreement

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Making the investment into a franchising business can be a thrilling time, as you’re buying into a brand with a proven business model and giving yourself a chance at business ownership within this framework.

Instead of starting from scratch with your own idea, you buy into an established brand where people recognize the name as you work to grow your operation in a new area. Like any business venture, it’s important to do extensive research and have a complete understanding of what your investment is going toward.

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