{"id":10667,"date":"2013-08-07T16:37:03","date_gmt":"2013-08-07T16:37:03","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=10667"},"modified":"2015-02-08T16:30:58","modified_gmt":"2015-02-08T16:30:58","slug":"franchise-ownership-rocks-unless-it-doesnt","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/franchise-ownership-rocks-unless-it-doesnt","title":{"rendered":"Franchise Ownership Rocks. Unless it Doesn&#8217;t"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-10668\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/rock.jpg\" alt=\"franchises rock\" width=\"495\" height=\"467\" \/><\/p>\n<p>I happen to think that <strong>the franchise ownership business model<\/strong> <strong>rocks<\/strong>.<\/p>\n<p>And?<\/p>\n<p><strong><a title=\"link to blog post on the rules of  franchising\" href=\"https:\/\/www.thefranchiseking.com\/franchise-ownership-dont-plan-on-changing-anything\">Franchise ownership<\/a><\/strong> can provide you with an opportunity to build something of value.<\/p>\n<p>And?<\/p>\n<p>Owning a franchise can provide you with a much-needed feeling of accomplishment.<\/p>\n<p>And?<\/p>\n<p>It can also provide you with a sense of power\u2026of finally having <em>some<\/em> level of control over your life.<\/p>\n<p>Unless of course you shouldn&#8217;t buy a franchise in the first place.<\/p>\n<p>&nbsp;<\/p>\n<h2>Franchise Ownership Rocks For Some<\/h2>\n<p>If someone came to me for guidance after scoring really, really low on my free franchise quiz, (<i>which helps determine if someone is a fit for franchise ownership<\/i>) here\u2019s what I would gently tell them:<\/p>\n<blockquote><p>\u00a0\u201c<i>Don\u2019t waste any more time looking into franchise ownership. Go out and get a job or find an independent business that you can buy<\/i>.\u201d<\/p><\/blockquote>\n<p>I\u2019d be telling them that because they\u2019ll probably end up <strong><a title=\"fears\" href=\"https:\/\/www.thefranchiseking.com\/top-franchise-fears\">losing their shirt<\/a><\/strong>\u2026their hard-earned money-in any franchise that they\u2019re stupid enough to buy. And the 10 year franchise agreement (<i>a legal and very<\/i> <i>enforceable contract<\/i>) that they\u2019ll have to sign will feel like a 30 year agreement because they\u2019ll be absolutely miserable having to follow all of those \u201c<i>silly rules<\/i>.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-6938\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/stop-looking-for-franchises1-200x300.jpg\" alt=\"stop now\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/stop-looking-for-franchises1-200x300.jpg 200w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/stop-looking-for-franchises1-380x570.jpg 380w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/stop-looking-for-franchises1.jpg 600w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Forget that last statement; I made a mistake. They won\u2019t have to worry about their 10-year franchise agreement; they\u2019ll probably be gone before the first year is even over.<\/p>\n<p>&nbsp;<\/p>\n<h2>Franchise Ownership Failures<\/h2>\n<p><strong><a title=\"make sure that you don't fail\" href=\"https:\/\/www.thefranchiseking.com\/franchise-fit-you-will-take-a-hit-if-you-dont-really-fit\">Failure rates in franchising<\/a><\/strong> need to go down.<\/p>\n<p>I feel that as long as readers of this blog, and the other websites and blogs that I write for, follow the advice that I provide-failure rates <i>can <\/i>indeed improve.<\/p>\n<p>That\u2019s right; <b>The Franchise King<\/b>\u00ae is acting like a King. I\u2019m puffing out my chest, and I even have my Crown on as I\u2019m writing this post. (<i>You\u2019re not getting a picture.<\/i>)<\/p>\n<p>Hey, <strong><a title=\"how to change the world of franchising\" href=\"https:\/\/www.thefranchiseking.com\/how-to-change-the-franchise-world-please-stop-buying-franchises\">I\u2019m just trying to change the franchise world<\/a><\/strong>. So back off. \u00a0\ud83d\ude42<\/p>\n<p>&nbsp;<\/p>\n<h2>Kings Can Use Their Power Anyway They Want<\/h2>\n<p>Maybe I\u00a0<i>shouldn&#8217;t<\/i>\u00a0write about both <strong><a title=\"article link on franchise ownership pros cons\" href=\"https:\/\/www.wilmingtontrust.com\/wtcom\/index.jsp?fileid=3000115\" target=\"_blank\">the pros and the cons of franchise ownership<\/a><\/strong> anymore. Maybe, I should just shut down my free franchise quiz. It <i>is<\/i> getting kind of tedious to score the dozens and dozens of quizzes I receive every couple of days, one\u2013by-one, by hand. Maybe I should become a franchise broker again; the money I was making was sure nice. And, maybe I can start making a ton of 100% pro-franchise ownership videos on YouTube. I could, you know. I could start selling <em>The American Dream<\/em> again. It would be so damn easy to push super-positive franchise ownership content out to my established, large (<i>and still growing<\/i>) <strong><a title=\"franchises on twitter\" href=\"https:\/\/twitter.com\/FranchiseKing\" target=\"_blank\">social media networks<\/a><\/strong>. I could. I can be very convincing. It\u2019s one of my Royal powers. Except.<\/p>\n<p><i>I\u00a0wouldn&#8217;t\u00a0be able to sleep very well<\/i>. Most nights I\u2019d be tossing and turning. Things just wouldn&#8217;t feel right to me.<\/p>\n<p><i><b>I would no longer be an independent and totally neutral party for my clients<\/b><\/i>. Actually, my clients wouldn&#8217;t even <em>be<\/em> my clients anymore. They\u00a0<i>couldn&#8217;t<\/i>\u00a0be, because I would be \u201c<i>selling<\/i>\u201d franchises. <em>The franchisors<\/em> would be my clients again.<\/p>\n<p><i>Me no like that<\/i>.<\/p>\n<p>Now, I <i>do<\/i> like <i>most<\/i> franchisors\u2026some of my best friends in the franchise industry are franchisors, or work for them or work with them, or are franchisees. <i>(Hi Barney, Marshall, Rush, Charles, Josh, Butch, Rob, Rick, Diana, Rhonda, Sean, Mike, Shelly, Jerry<\/i>.)<\/p>\n<p>But, I just can\u2019t do it. I don\u2019t even <em>want<\/em> to.<\/p>\n<p>I want to continue working with prospective franchise owners as <em>an advisor<\/em>. I like teaching (<em>and coaching<\/em>) people on the right way to choose, research, and buy a franchise. So they won&#8217;t lose their money. So they can be successful franchise owners.<\/p>\n<p>And, while I get frustrated that some of the people who are considering <a title=\"franchise ownership is fun\" href=\"https:\/\/www.thefranchiseking.com\/experience-thrill-franchise-ownership\"><strong>franchise ownership<\/strong><\/a> can\u2019t be convinced that investing a small amount of their money with a franchise professional (<em>who only wants to protect them<\/em>) is wise, more and more people <em>are<\/em> becoming open to the idea.<\/p>\n<p><strong><a title=\"prices for joel libava's services\" href=\"https:\/\/www.thefranchiseking.com\/joel-libava-franchise-consulting-franchise-advisor-services\">Check out my pricing<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2>Exploring Franchise Ownership<\/h2>\n<p>If you\u2019re at a career crossroads-you&#8217;ve lost your job, hate your job, or have just always wanted to be your own boss-you owe it to yourself to check out franchise ownership.<\/p>\n<p>Maybe owning a franchise could work for you. Maybe it\u2019s one of the silliest ideas you&#8217;ve heard in a long, long time. And, even though I feel that franchise ownership rocks, I\u2019m not trying to convince you to buy a franchise. Heck, I don\u2019t even know if you\u2019re the right type of person for franchising, or if you even have the money it takes to do it.<\/p>\n<p><em><strong>But, you\u2019re on my franchise website<\/strong><\/em>. So, let\u2019s find out.<\/p>\n<p>Here are a few articles on franchise ownership that I\u2019d like you to read so that you can find out if you should spend some time looking into owning one.<\/p>\n<p><a title=\"right fit?\" href=\"https:\/\/www.thefranchiseking.com\/franchise-personality\">Do You Have The Right Personality For This?<\/a><\/p>\n<p><a title=\"link to how to be a franchise owner article\" href=\"https:\/\/www.thefranchiseking.com\/franchise-ownership-is-pretty-simple\">How To Be A Franchise Owner<\/a><\/p>\n<p><a title=\"you have the power\" href=\"https:\/\/www.thefranchiseking.com\/franchise-power-the-franchise-model\">The Power You Have As A Franchise Owner<\/a><\/p>\n<p><a title=\"top reasons to become the owner of franchises\" href=\"https:\/\/www.thefranchiseking.com\/the-5-best-reasons-for-buying-a-franchise-business\">The 5 Best Reasons To Buy A Franchise<\/a><\/p>\n<p><a title=\"what are the trends in franchising for 2013\" href=\"https:\/\/www.thefranchiseking.com\/hot-franchise-trends-2013\">Top Franchise Trends This Year<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Do you have any questions that you&#8217;d like to ask me?\u00a0<\/strong><\/p>\n<p>If so, just use the comment section, below.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I happen to think that the franchise ownership business model rocks. And? Franchise ownership can provide you with an opportunity to build something of value. And? Owning a franchise can provide you with a much-needed feeling of accomplishment. And? It can also provide you with a sense of power&hellip;of finally having some level of control [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[19,252,32,523],"tags":[1015,1312],"class_list":["post-10667","post","type-post","status-publish","format-standard","hentry","category-franchise-advisor","category-franchise-brokers","category-franchise-purchasing","category-franchise-quiz","tag-franchise-tests-and-quizzes","tag-kings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Franchise Ownership Rocks<\/title>\n<meta name=\"description\" content=\"It&#039;s true that franchise ownership rocks. Sometimes. Not always. 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Sometimes. Not always. 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Joel is the author of \"Become a Franchise Owner!\" (Wiley) and \"The Definitive Guide to Franchise Research\" (Self). Joel's blog, The Franchise King Blog, is the longest-running blog in franchising. Joel also owns and operates The Franchise Attorney Directory. Joel Libava works 1-on-1 as a Franchise Ownership Advisor, and is a prolific writer on all things franchising. 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