Franchise or Business?
There's a certain value to owning your own company with the obstacles you face and the sense of accomplishment you get after you conquer them. You essentially have one of two roads to walk while looking to run your own business. You can either follow the entrepreneurial spirit and begin it from scratch or as the branch manager, you can search for an available franchise to buy and run it.
Local BangaloreTeam 
With every pros and cons, there is a solution. So, let us find out which suits you the best.
Planning Startup
You get access to a turnkey business model from which you can run your business by buying a franchise. It's like a sure blueprint for success; in the footprints of the original pioneers, you just have to follow. In the meantime, you can start your own company as it definitely takes a lot of preparation, training, trial, error, and optimisation.
Degree of Success
Let's get the statistics started. It is projected that 20% of start-ups do not even make it past their first year with most struggling within the first five years of service. This means that until the company proves unsuccessful, they do not even manage to get out of the start-up process. On the other hand, the average rate of loss of franchises varies from 15% to 35%. There are several reasons why, even though the future seems very promising, franchises will struggle. Purchasing into a franchise will definitely give you a strategic advantage over working out the rope by yourself, but if you follow the steps of the blueprint, success is just relatively assured.
Entrepreneurial Liberty
In a franchise, the operating business model will limit you. That means that, just as the main branch does, you will have to run your office or business premises and follow in their footsteps, to the extent that customers will not be able to tell the difference between both branches. While you will develop a certain level of ownership in running a franchise, once you breathe life into your own business idea and witness it growing, it doesn't mean it's the same as a franchise but you will have the comfort of working from anywhere.
Expenditures
Obviously, to get started, all sorts of firms require money. The capital and expenses invested in a start-up can vary significantly, where you can start using your personal savings, pursue financing, or open a crowdfunding campaign with the bare minimum. For a franchise, the money you need is likely to be much bigger than a start-up where you start on your own budget.
