Some people think that franchisees are not entrepreneurs; however my fellow US blogger recently argued otherwise and I have to agree, investing in a franchise does not eliminate risk or nerves when it comes to starting and operating your own business.
Even though traditionally franchisees have a lower rate of business failure than unique businesses, that is not to say that franchise businesses cannot fail and the onus is on the individual franchisee to ensure that their business is able to compete to the highest standard. In fact, a lot more pressure can be on certain franchisees who have to meet certain targets as part of their franchise agreement.
That being said, when I say this video on AVC recently I was impressed by the video content but also intrigued by the discussion going on in the comment section about the nature of entrepreneurship. There are a lot of great opinions about what should influence your choice when deciding what kind of business you want to start, along with concerns about going it alone, away from the safety net of being an employee.
What are your views on working for yourself? Does anything scare you about becoming your own boss and starting your own business?<