Mika
VIP Contributor
Running a franchise business has a major benefit—you don't have to work hard to build your brand because the business is already well-known among the consumers. This saves you money on marketing. However, it can also be a disadvantage because you have to pay to use the business's brand. Furthermore, becoming someone’s franchise does not guarantee success. Interestingly, you can also create your own business, turn it into a popular brand, and instead of expanding with your own branches, you can try selling franchises. This is a good way to make a lot of money from your existing business without investing more.
