Why Franchises Fail

By: A Staff Writer

Updated on: Oct 28, 2024

Not every franchise story has a happy ending. Avoid these pitfalls to keep yours afloat…

Underestimating Costs: Franchises come with hidden expenses. Cushion your budget for the unexpected.

Picking the Wrong Spot: Bad location = bad business. Market research is vital before you sign a lease.

Ignoring the Rules: Going rogue breaks the franchise model. Respect the franchisor’s system to succeed.

Many franchise closures are preventable. Do your homework and execute soundly.

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