Business is Risky

There are no guarantees in business. It doesn't matter if you run a large corporation, or a small business nothing is guaranteed. The consumer behavior is constantly changing, the competition is constantly getting better, and the government is always throwing more regulations into the loop making things tough on whatever business model, or industry you're participating in.


The same is true for franchising, and although the franchising model provides fewer failures than other small businesses on average, franchising is no ironclad guarantee for success. I want you to consider that if you are thinking about buying a franchise, because it is something that is very important and something that, although you may already realize, many people don't understand.

Before retirement I ran a franchising company, we were involved in the car washing sector, and many franchise buyers were so excited to get into this new business that they really were not thinking about all the ramifications of the franchise agreement they might be signing in the future. In fact, we had to stop many of them in their tracks and explain to them that there are no guarantees for success and it is hard work.

You see, I used to have to remind them that cars don't wash themselves, and even our fixed site automated car wash business model, required labor and hard work. Our mobile systems required a tremendous amount of work, lots of management, lots of scheduling control, and a lot of work had to be completed before there was enough efficiency to eek out a profit on any given job.

There was no guarantee for success and there never has been, and that goes for any franchise system. There are just too many factors in the business world, and too many things that can go wrong, and things that hit you from out of the blue that you never saw coming. And even if, as a franchisor, we did see most all the potential threats before they hit as, there was still the black Swan event's which no one could have predicted. I hope you will please consider this.

By Lance Winslow
ezinearticles,com