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5 Pitfalls To Avoid When Buying a Franchise

No. 4: It’s not really your business

The most important thing you should understand is that, if you buy a franchise you’re not actually acquiring your own business; rather, you are simply paying a fee in exchange for the right to use another business’ name and concept. The best way of looking at it is by considering a lease: when the agreement expires, you’ll have to move on the other things or pay a renewal fee.

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