As previously stated, franchises can start in the middle of a business cycle, avoiding most of the messy, complex ramp-up time that causes most small business failures. A franchisee often invests in a franchise because they believe in a tried-and-true business strategy that lowers the chance of failure. The franchisor has been in business for many years and has encountered challenges, setbacks, and blunders, all of which have been addressed to help franchisees and prospective investors avoid similar
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