Why Limited Freedom in a Franchise Is a Good Thing
(Entrepreneur) — Freedom — that’s what America is all about. But sometimes the price of freedom is higher than what you really want to pay and that’s the reason for the existence of business format franchises. In a good franchise, you exchange the complete freedom to do whatever you think might be best for the regimentation of a system that makes your business success more secure. In a good franchise you are going to have a franchisor tell you exactly what to do and how to operate the business but what you’ll get is a much lower chance that you’ll become a business failure statistic.