{"id":28784,"date":"2018-09-25T17:12:19","date_gmt":"2018-09-25T17:12:19","guid":{"rendered":"https:\/\/www.thefranchiseking.com\/?p=28784"},"modified":"2022-05-16T21:30:17","modified_gmt":"2022-05-17T01:30:17","slug":"do-not-buy-a-franchise-college","status":"publish","type":"post","link":"https:\/\/www.thefranchiseking.com\/do-not-buy-a-franchise-college","title":{"rendered":"Why Recent College Grads Should Not Buy A Franchise"},"content":{"rendered":"<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/college-grads-and-franchising.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28786\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/college-grads-and-franchising.jpg\" alt=\"do not buy a franchise college grads!\" width=\"640\" height=\"442\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/college-grads-and-franchising.jpg 640w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/college-grads-and-franchising-320x221.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/college-grads-and-franchising-620x428.jpg 620w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><br \/>\nWhat a great picture!<\/p>\n<p>The proud mom posing with her son-who just graduated college.&nbsp;It doesn&#8217;t get much better than that.<\/p>\n<p>In short, mom did her job. She made sure her child received a college education.<\/p>\n<p>Likewise, her son did <em>his<\/em> job. He graduated college! So, what&#8217;s next for him?<\/p>\n<p>It could be <a title=\"job choices\" href=\"https:\/\/www.thefranchiseking.com\/make-a-great-career-choice\">a job<\/a> at the company he interned with over the summer.<\/p>\n<p>If that doesn&#8217;t work out, there are thousands of other companies out there. It&#8217;s a big world with lots of opportunities. How exciting! Plus, he&#8217;s young enough that even if his first job doesn&#8217;t work out, he can find another one. It&#8217;s all good.<\/p>\n<p>Unless he somehow manages to <a title=\"franchise poetry\" href=\"https:\/\/www.thefranchiseking.com\/wax-poetic-buying-a-franchise\">buy a franchise<\/a>&#8230;right out of college.<\/p>\n<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/do-not.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28794\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/do-not.jpg\" alt=\"do not buy a franchise!\" width=\"640\" height=\"480\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/do-not.jpg 640w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/do-not-320x240.jpg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/do-not-620x465.jpg 620w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><br \/>\n(<em>Tell him not to do it!<\/em>)<br \/>\n&nbsp;<\/p>\n<h2>Opinions On Starting A Business Right Out Of College<\/h2>\n<p>Please, if you&#8217;re about to graduate college, I beg of you&#8230;<\/p>\n<p><strong>Do Not Buy a Franchise College Grads!<\/strong><\/p>\n<p>Granted, my opinion is contrary to what you may have heard from others.<\/p>\n<p>For example, Business News Daily <a title=\"become entrepreneur after college\" href=\"https:\/\/www.businessnewsdaily.com\/10005-college-grad-entrepreneur-advice.html\" target=\"_blank\" rel=\"noopener\">features an article<\/a> about this very topic. And there are several <a title=\"college entrepreneurs\" href=\"https:\/\/www.huffingtonpost.com\/maya-uppaluru\/five-reasons-new-grads-sh_b_1175748.html\" target=\"_blank\" rel=\"noopener\">other articles<\/a> that tell you pretty much the same thing.<\/p>\n<p>What&#8217;s more, there are people who are asking if it&#8217;s even worth it to go to college these days. What do you think?<\/p>\n<p>Better yet, what does Mark Cuban (<em>a billionaire<\/em>) think?<br \/>\n&nbsp;<br \/>\n<iframe loading=\"lazy\" width=\"625\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/OwgX14FR4hI\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><br \/>\nDo you agree with Mark?<br \/>\n&nbsp;<\/p>\n<h2>Franchise vs. Startup<\/h2>\n<p>Now, if you&#8217;re hell-bent on starting a business right out of college, you need to decide what <em>type<\/em> of business to start.<\/p>\n<p>For instance, if you&#8217;re thinking of <a title=\"buying a franchise\" href=\"https:\/\/www.thefranchiseking.com\">buying a franchise<\/a> right after after college, it&#8217;s important to know that opening a <em>franchise<\/em> business is waaay different than opening you&#8217;re own business.<\/p>\n<p>In the case of a franchise business, almost everything you need to operate the business is spelled out.<\/p>\n<p>There&#8217;s an operating manual that is pretty much the A-Z of how to run the business.<\/p>\n<p>Plus, there&#8217;s a marketing plan. Proven advertising templates. The right technology to help you run your franchise business. And <a title=\"support in franchising\" href=\"https:\/\/www.thefranchiseking.com\/instant-support-from-a-franchisor-is-a-pipe-dream\">support from headquarters<\/a>.<\/p>\n<p>Good stuff, right? You&#8217;ll have an entire business system at your disposal.<\/p>\n<p>Conversely, when you start and open your own business, none of those things exist. You mostly have to <em>invent<\/em> them. It&#8217;s a very <strong>entrepreneurial<\/strong> thing. As opposed to opening a franchise business. Which is <em>not<\/em>.<\/p>\n<p>Now, there may be a few entrepreneurial &#8220;<em>things<\/em>&#8221; you can do as a franchisee. For example, you can engage in some creative local marketing to get people in the door.<\/p>\n<p>But, if you <em>are<\/em> an <a title=\"famous entrepreneurs\" href=\"https:\/\/www.thefranchiseking.com\/ray-kroc-the-entrepreneur-who-built-the-mcdonalds-franchise\">entrepreneur<\/a>, in other words, if you like coming up with ideas and processes, don&#8217;t waste your time and money on a franchise business. It&#8217;s not for you. You&#8217;d want out after 6 months.<\/p>\n<p><a href=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/frustrated-franchisee.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-28791\" src=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/frustrated-franchisee.jpeg\" alt=\"frustrated entrepreneur\" width=\"640\" height=\"426\" srcset=\"https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/frustrated-franchisee.jpeg 640w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/frustrated-franchisee-320x213.jpeg 320w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/frustrated-franchisee-620x413.jpeg 620w, https:\/\/www.thefranchiseking.com\/wp-content\/uploads\/frustrated-franchisee-600x400.jpeg 600w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>Either way, starting a business right after graduating college isn&#8217;t something I recommend.<\/p>\n<p>&#8220;<em>But Joel, <a title=\"zuck\" href=\"https:\/\/www.wired.com\/story\/the-case-for-a-zuck-free-facebook\/\" target=\"_blank\" rel=\"noopener\">Mark Zuckerberg<\/a> did it. Look at what <strong>he&#8217;s<\/strong> been able to accomplish<\/em>.&#8221;<\/p>\n<p>True.&nbsp;If you feel that <em>you<\/em> may be the next Zuck, I encourage you to go for it. And I&#8217;m not being a smart as$.<\/p>\n<p><strong>Go. For. It.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<h2>Do Not Buy A Franchise College Grads! First Things First<\/h2>\n<p>I&#8217;ll admit that I&#8217;m a bit old <a title=\"online universities\" href=\"https:\/\/www.thefranchiseking.com\/i-have-an-mba\n\">school<\/a> when it comes to starting a franchise business right after you graduate.<\/p>\n<p>But, would you like to know <strong>why<\/strong> I don&#8217;t think you-a college graduate is qualified to own and operate a business?<\/p>\n<p><strong>Answer:<\/strong> because you haven&#8217;t worked in the business world.<\/p>\n<p>As far as I&#8217;m concerned, if you want to become a small business owner, you need experience. Real-life experience.<\/p>\n<ul>\n<li>You need to learn how to manage people and things<\/li>\n<li>You need to learn about sales (<em>By selling<\/em>)<\/li>\n<li>You need to learn about marketing<\/li>\n<li>You need to learn how to read financials<\/li>\n<li>You need to learn how to manage inventory<\/li>\n<\/ul>\n<p>And more.<\/p>\n<p>In addition, you need to experience all the things mentioned above at a few different companies. That way you&#8217;ll get to experience different ways of doing business. In essence, you&#8217;ll become more well-rounded.<\/p>\n<p>Finally, if you&#8217;re thinking of starting a business, you need to experience the ups and downs that all businesses experience.<\/p>\n<p>Because owning a business, <em>franchise business<\/em> or not, is not always easy. Or profitable.<\/p>\n<p>Especially for someone who just graduated college.<\/p>\n<p>Thoughts?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What a great picture! The proud mom posing with her son-who just graduated college.&nbsp;It doesn&rsquo;t get much better than that. In short, mom did her job. She made sure her child received a college education. Likewise, her son did his job. He graduated college! So, what&rsquo;s next for him? It could be a job at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[1250,32],"tags":[1926,1927],"class_list":["post-28784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-college","category-franchise-purchasing","tag-buy-a-franchise-after-college","tag-college-entrepreneurs"],"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>Do Not Buy A Franchise College Grads! 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