The scenario of our world has changed, is changing, and will be too, in wholly different ways. In olden times, if one wishes to start his own business and make it successful one is a cumbersome job. Nowadays, if someone wants to start one they can always go for a franchise business that does not require much research and a keen follow-up as before. It's is all like ready reckoner. The only things a Franchisee has to take care of is whether the Brand he is choosing would be appropriate for his capacity and how famous it is and also the location where he's going to launch it. Yet, It has its own advantages and disadvantages. Let's go check about them in detail.

Advantages

The first and foremost obvious advantage is no marketing and branding actions needed as you're taking a Franchise business.

As an existing brand, it would be well-known and well established.

As for the crowd, no effort is required either.

From all these, it is a crystal that the investment also would be low or considerably low according to the brand you pick up for the business.

Most of all if the initial investments are high some Franchisors give loans during start-up too.

Best of All, You can be your Own Boss in low or high investment as per your Strategies and Financial ideas or statuses

Disadvantages

You cannot have your ideas in the business; to be precise no strategies or representation on business should be based on the franchisee's desirability.

Some Franchises may be of real high investments.

These Franchise contracts are not always permanent.

Though it is famous or the highest quality brand the reach to the people is a necessity and such area for locating the business if failed; it's failed.

As the Franchisors also have to audit their financial statuses now and then; they're in the compulsion to produce the financial records of their profits. In this way, the Financial detail of the Franchisee will obviously be losing a little of its privacy.