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October 14, 2011

Buying a franchise: Some pros and cons

  • Some entrepreneurs have made things easier by buying a franchise business, but they still face challenges.
    • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — The recovery in the job market just hasn't happened. So, many people who lost their jobs well after the recession ended in June 2009 have decided not to look for work. They've gone into business for themselves.

    Starting a company can be daunting. Some entrepreneurs have made the process easier by buying a franchise business. But they still have challenges. There's a steep learning curve — maybe many learning curves — in making the transition from employee to entrepreneur. It's a completely different lifestyle, often requiring longer hours. And many new owners are trying to work out personal difficulties while trying to build a business.


     
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