M.S.
Hi M.,
My husband and I have owned several of our own businesses including a couple of franchises. The one that you would recognize is Papa John's Pizza. Franchises are complex and you really have to know what you are looking at. What are their requirements for ownership? How much do you pay up front AND monthly? How much freedom do you have with advertising or do they provide it and make you pay their cost whether you want it or not? Are the hours of operation negotiable or are they set by corporate? I could go on and on...
The reason we sold our Papa John's is because of the hour requirements. We had stores in large towns and small towns and sometimes the small towns just rolled up their sidewalks. Even if you are not making money OR even losing money at a certain time during the day we were required to stay open and pay staff...Don't get me wrong, they were quite lucrative, but not having control over the issues that meant something to us led us in a different direction.
I own my own business now and consult on nutritional issues and the dangers of environmental toxins. I set my own hours and control my workload and don't report to anyone (but hubby of course)...
Make sure you have more than one set of eyes look at the business before you invest and make sure you are ready for the long haul...It can be fun!
Regards,
M.
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