5 Hot Dog on a Stick Myths About Franchising: Busted!

On some level, you would be right. However, it’s important to always be grounded with your business decisions. You want to make the choice about diving into fast food restaurant franchises will all the pros and cons mapped out. Start with these five myths about franchising:

This article also applies to anyone who is interested in learning more about opening a food court franchise inside a mall and how to go about it in the most advantageous way.

Topics of Discussion

• Myth #1: I Have to Love the Business
• Myth #2: I Can’t Own a Business if I Don’t Know Anything About it
• Myth #3: You’re Stuck Following Corporate Rules
• Myth #4: You Lose Your Individuality
• Myth #5: Owning a Franchise Isn’t Financially Feasible

1. Actually, when it comes to fast food restaurant franchises you have to love making money, not necessarily the products you’re selling. In fact, if you narrow your scope to just those potential business that you feel passionate about, then you might be missing out on some lucrative opportunities. Does it make more sense to open a surf shop or a lemonade stand in the middle of the desert?

2. Fast food restaurant franchises are packed full of resources and training. You’re going to get a crash course in everything you need to know to make a profitable business. The parent company isn’t going to put their brand at risk with someone who doesn’t know what they’re doing. You’ll be amazed at how fast you can get up to speed with that support.

3. The franchise you buy into is going to provide the template for your business. However, you’re still in charge and will have a lot of decisions to make for your franchise. This includes hiring your staff, marketing your location, and building out your community involvement. The franchise wants you to reach your goals because that also helps them to expand their brand. Take all the help you can, but in the end, you’re the one calling the shots.

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Disclaimer: This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. Franchise offerings are made by Franchise Disclosure Document only.