Quote:
Originally Posted by retiredguy123
A good electrician, plumber, HVAC technician, or any other skilled craft person does not need to buy a franchise and share their profits and advertising costs with a large company. So, I would stay away from those types of franchise businesses.
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Don't knock franchises for skilled personnel. I am a CPA who went into private practice joining an existing accounting franchise - Comprehensive Business Services - in 1991. They provided software for my type of business - serving small businesses, sales training, marketing, annual and semi-annual conferences to update skills and tax knowledge. and a network of 500 other offices to ask and learn from.
Franchises have a much better chance of surviving five years than a non franchised business. Like any other business - which is owned individually - there are good and reputable owners and not so good. If it's a good franchisor they will ensure that their individual franchisees are maintaining a high ethical standard.