{"id":15979,"date":"2015-04-13T12:05:40","date_gmt":"2015-04-13T12:05:40","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=15979"},"modified":"2017-03-11T18:28:13","modified_gmt":"2017-03-11T18:28:13","slug":"most-of-you-will-never-buy-a-franchise-and-i-know-why","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/most-of-you-will-never-buy-a-franchise-and-i-know-why","title":{"rendered":"Most Of You Will Never Buy A Franchise And I Know Why"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/never.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-16008\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/never.png\" alt=\"never happen\" width=\"584\" height=\"320\" \/><\/a><\/p>\n<p>Chances are&#8230;<\/p>\n<p>You probably won&#8217;t do it.<\/p>\n<p>And, I know why.<\/p>\n<p>&nbsp;<\/p>\n<h2>Never<\/h2>\n<p>As in, most of you will <strong><em>never<\/em> buy a franchise<\/strong>-type of business.<\/p>\n<p><strong>Never<\/strong>.<\/p>\n<p>Never ever.<\/p>\n<p>It ain&#8217;t gonna happen.<\/p>\n<p>&nbsp;<\/p>\n<h2>Most Of You Will Never Buy A Franchise And I Know Why<\/h2>\n<p>Here&#8217;s why <em>most<\/em> of you will never buy a franchise:<\/p>\n<p><em>You won&#8217;t risk your money<\/em>.<\/p>\n<p><strong>What?<\/strong><\/p>\n<p>Do you think that my is my answer too simple? Too obvious?<\/p>\n<p>Were you expecting to hear something a bit more mind-blowing?<\/p>\n<p>&nbsp;<\/p>\n<h2>It&#8217;s The Money<\/h2>\n<p>Buying a franchise can be an expensive proposition. Figure $150,000-$175,000 on average.<\/p>\n<p>On the lower end of the spectrum,<a title=\"buy a low investment franchise like window genie\" href=\"https:\/\/www.thefranchiseking.com\/get-6-different-franchises-for-the-price-of-1-franchise\"><strong> you can buy a franchise like this<\/strong><\/a> for <em>around<\/em> $125,000-your total upfront investment.<\/p>\n<p>On the higher end of the spectrum, you could invest anywhere from $184,255 &#8211; $331,955 for a <a title=\"food franchises\" href=\"https:\/\/www.franchisedirect.com\/foodfranchises\/hwy-55-burgers-shakes-fries-franchise-09165\/\" target=\"_blank\"><strong>Hwy 55<\/strong><\/a> franchise.<\/p>\n<p>And, on the upper-upper end of the spectrum, you could end up investing well over a million dollars <a title=\"panera bread franchise locations\" href=\"https:\/\/www.thefranchiseking.com\/food-franchises\"><strong>on a franchise business like this<\/strong><\/a>.<\/p>\n<p><strong>FYI:<\/strong> When you buy a franchise that requires space, like Hwy 55, your investment amount can have a wide range. That&#8217;s because some locations require more\u00a0architectural work&#8230;which translates into more money to meet brand specifications. Plus, different areas of the country have different commercial real estate pricing.<\/p>\n<p>Speaking of location, if you&#8217;re looking for a great location for your franchise, check this <a title=\"location\" href=\"https:\/\/www.idealspot.com\/?r=fk\/\" target=\"_blank\"><strong>powerful new tool<\/strong><\/a> out!<\/p>\n<p>&nbsp;<\/p>\n<h2>About Risk<\/h2>\n<p>Do you move <em>towards<\/em> risk or <em>away<\/em> from risk?<\/p>\n<p>Are you one of the few who embrace risk?<\/p>\n<p>I&#8217;m not only referring to risking money here. Risk in general.<\/p>\n<p>Maybe you&#8217;re in the middle?<\/p>\n<p>&nbsp;<\/p>\n<h2>Franchise Business Risk<\/h2>\n<p>Buying a franchise can be risky.<\/p>\n<p>There&#8217;s a lot of hype out there-mostly <em>marketing<\/em> hype, about how &#8220;<em>successful<\/em>&#8221; franchising is. Some of the hype is seemingly backed up by facts and figures. Success rates of <em>franchise<\/em> business owners vs. <em>independent<\/em> business owners. Don&#8217;t fall for it. <a title=\"franchise success rates and failure rates\" href=\"https:\/\/www.thefranchiseking.com\/shocking-franchise-success-failure-statistics-revealed\"><strong>Reading this<\/strong><\/a> will serve as your official wake-up call.<\/p>\n<p>So, buying a franchise <del>is<\/del> can be risky. So what? A lot of things are.<br \/>\nLook at what these guys do for a living.<br \/>\n&nbsp;<br \/>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/sfzjPOrALDo\" width=\"580\" height=\"326\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n&nbsp;<\/p>\n<blockquote><p>&#8220;<em>I was always afraid of dying. Always. It was my fear that made me learn everything I could about my airplane and my emergency equipment, and kept me flying respectful of my machine and always alert in the cockpit<\/em>.&#8221;<\/p>\n<p>Chuck Yeager, Test Pilot, 1st Person to Break The Sound Barrier<\/p><\/blockquote>\n<p>Let&#8217;s pause for a moment.<\/p>\n<p>If you think I&#8217;m trying to convince you to take a risk&#8230;and consider buying a franchise, I&#8217;m not. A few quotes about risk, or a video showing people risking their lives are great to read. It can be fun to watch videos \u00a0showing people taking risks&#8230;but <em>if you&#8217;re not a risk-taker you&#8217;re not a risk taker<\/em>.<\/p>\n<p>Right?<\/p>\n<blockquote><p>&#8220;<em>Security is mostly a superstition. Life is either a daring adventure or nothing<\/em>.&#8221;<\/p>\n<p>&#8211; Helen Keller<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h2>Peter, Sir Richard, and Barrington<\/h2>\n<p>I hope to meet <a title=\"about peter shankman\" href=\"https:\/\/shankman.com\/about\/\"><strong>Peter Shankman<\/strong><\/a> one day.<\/p>\n<p>I actually had the chance to meet him a couple of years ago at a local event, but I wasn&#8217;t able to attend.<\/p>\n<p>Peter is a PR powerhouse. \u00a0He also does this:<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/43672415\" width=\"549\" height=\"311\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/vimeo.com\/43672415\">Vocus Skydiving Commercial<\/a> from <a href=\"https:\/\/vimeo.com\/user1471933\">Peter Shankman<\/a> on <a href=\"https:\/\/vimeo.com\">Vimeo<\/a>.<\/p>\n<p>Risky stuff. (<em>To me<\/em>)<br \/>\n&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" lang=\"en\">\n<p>Could This Be A Game-Changer For <a href=\"https:\/\/twitter.com\/hashtag\/Franchising?src=hash\">#Franchising<\/a> ? <a href=\"https:\/\/t.co\/GP3QWRrhpj\">https:\/\/t.co\/GP3QWRrhpj<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/thefranchiseking?src=hash\">#thefranchiseking<\/a><\/p>\n<p>&mdash; Joel Libava \u265b (@FranchiseKing) <a href=\"https:\/\/twitter.com\/FranchiseKing\/status\/588024414224130048\">April 14, 2015<\/a><\/p><\/blockquote>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n&nbsp;\u00a0<br \/>\nThen there&#8217;s <strong>Sir Richard Branson<\/strong>. Sir Richard likes to fly up in the sky, too. <a title=\"richard branson hot air ballooning\" href=\"https:\/\/www.businessinsider.com\/richard-branson-on-hot-air-ballooning-2014-10\"><strong>Read<\/strong><\/a>. Kind of risky, huh?<\/p>\n<p><strong>Barrington Irving<\/strong> became the youngest person to fly solo around the world in 2007. There is a great article about Barrington on the <a title=\"barrington irving\" href=\"https:\/\/ngm.nationalgeographic.com\/125-exploration\/risk-takers-gallery#\/9\"><strong>National Geographic website<\/strong><\/a>. Again, pretty darn risky. But, I&#8217;m looking at what these 3 people did with my own lens. Is <em>your<\/em> lens different? Do you think buying a franchise business is risky? Why? or, Why not?<\/p>\n<blockquote><p>\n&#8220;<em>Everything you\u2019ve ever wanted is on the other side of fear<\/em>.&#8221; &#8211; George Addair\n<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n<h2>Lowering Your Risk<\/h2>\n<p>There are several ways to lower your risk when buying a franchise. You can become educated about franchising. There are several good books on franchising available with a click of a button. You can <a title=\"franchise webinar the franchise king\" href=\"https:\/\/articles.bplans.com\/how-to-choose-a-franchise-thats-right-for-you-video\/\"><strong>attend a webinar<\/strong><\/a> on buying and researching a franchise. It wouldn&#8217;t hurt. You can work with people that are knowledgeable about franchising. Your risk could possibly be <a href=\"https:\/\/www.thefranchiseking.com\/the-top-10-things-franchise-owners-need-to-do-to-be-successful\">lowered<\/a> by doing that. You could buy a franchise that has a really low investment. (<em>So you&#8217;d only lose a <span style=\"text-decoration: underline;\">little<\/span> money if you failed. Really?<\/em>) \u00a0<\/p>\n<h2>Chances Are&#8230;<\/h2>\n<p>I&#8217;ve yet to meet with someone who adamantly opposes risk. I <em>have<\/em> met with couples who differ on the subject, though.<br \/>\n \u00a0<br \/>\n <a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/horse-438138_640.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-15994\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/horse-438138_640-620x413.jpg\" alt=\"color\" width=\"504\" height=\"336\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/horse-438138_640-620x413.jpg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/horse-438138_640-320x213.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/horse-438138_640-600x400.jpg 600w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/horse-438138_640.jpg 640w\" sizes=\"auto, (max-width: 504px) 100vw, 504px\" \/><\/a> \u00a0<br \/>\n \u00a0<br \/>\n But, that&#8217;s a horse of a different color. And, it&#8217;s for another time. \u00a0<br \/>\n \u00a0<\/p>\n<div class=\"AW-Form-485183882\"><\/div>\n<p><script type=\"text\/javascript\">\/\/ <![CDATA[\n(function(d, s, id) {     var js, fjs = d.getElementsByTagName(s)[0];     if (d.getElementById(id)) return;     js = d.createElement(s); js.id = id;     js.src = \"\/\/forms.aweber.com\/form\/82\/485183882.js\";     fjs.parentNode.insertBefore(js, fjs);     }(document, \"script\", \"aweber-wjs-g8in7n4gg\"));\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chances are&hellip; You probably won&rsquo;t do it. And, I know why. &nbsp; Never As in, most of you will never buy a franchise-type of business. Never. Never ever. It ain&rsquo;t gonna happen. &nbsp; Most Of You Will Never Buy A Franchise And I Know Why Here&rsquo;s why most of you will never buy a franchise: [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16008,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[32,627],"tags":[131,1055],"class_list":["post-15979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-franchise-purchasing","category-franchise-success-rates","tag-buy-a-franchise","tag-franchise-business-risk"],"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>Most Of You Will Never Buy A Franchise And I Know Why<\/title>\n<meta name=\"description\" content=\"From The Franchise King: Most of you will never buy a franchise and I know why.\" \/>\n<meta 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