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Written by Lee Duncan
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Franchising can be a fantastic route into business and every year thousands of people make the decision to start their business with a franchise. While buying the right franchise can be almost a fool-proof formula for success, it can also quickly lead to financial ruin, far more frequently than you would imagine.
A mediocre or bad franchise, which you will normally only spot after you’ve invested with them, can quickly turn your life into a living nightmare. We’ve seen franchisees invest vast sums of money, only to lose it all and then to be sued by franchisors for everything they’ve got, including their homes. |
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