{"id":1384,"date":"2016-03-10T17:28:36","date_gmt":"2016-03-10T17:28:36","guid":{"rendered":"http:\/\/www.thefranchisemaker.com\/learningcenter\/?p=1384"},"modified":"2025-01-09T19:28:50","modified_gmt":"2025-01-09T19:28:50","slug":"is-it-risky-to-franchise-your-business","status":"publish","type":"post","link":"https:\/\/www.thefranchisemaker.com\/learningcenter\/is-it-risky-to-franchise-your-business\/","title":{"rendered":"Is It Risky To Franchise Your Business?"},"content":{"rendered":"

No doubt risk is scary. However, if you are like most business owners the risks you have taken so far have made you stronger. In our experience, there is no such thing as a business owner that does not take risks. While some risks are a “sure bet” most of the time they are unpredictable. More than likely you scrutinize a decision and look at all possible outcomes when faced with the idea of taking an unpredictable risk. While franchising your business does not fall into the “sure bet” category it is not totally unpredictable. So it is common (and expected) that you ask yourself, “is it risky to franchise my business<\/a>?”<\/em><\/span><\/p>\n

\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 “Progress always involves risk. You cannot steal second base and keep your foot on first.”\u00a0\u00a0 — Fredrick Wilcox
\n<\/span><\/em><\/p>\n<\/blockquote>\n

So Is it Risky to Franchise?<\/span><\/h2>\n

When you started your business there was nobody that gave you the green light, you took a chance. Likewise, franchising your business is a calculated risk. It is a chance that other entrepreneurs are going to find your business attractive enough and the system you put together comprehensive enough to want to invest their time, money and resources into your brand (more on why people invest in a brand and why people buy a franchis<\/a>e). Even when that happens you cannot guarantee their success because there are too many variables (for example: how they run their business, how they manage money, how much they advertise and market, etc.). So sure it is risky to franchise, but it is a calculated risk likely worth taking.
\n<\/span><\/p>\n

Ask Yourself These Questions<\/span><\/h2>\n

There is no guarantee that you will be successful at franchising but it is easy<\/em> to find success in franchising. There are thousands of businesses who have been and continue to be successful at franchising. Their success is attributed to not only the system they created but also their execution (check out our article on how to be successful at franchising<\/a>). The only guarantee you have is yourself and your team. So ask yourself these questions:<\/span><\/p>\n