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Would a associates degree help me with franchsing a business?

I have changed my mind. Instead of running my own business. I would like to franchise a business. How does that work? Will only having a associates degree be enough? business hair-care franchise-leadership

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Gary’s Answer

Hi,
Good question... I owned a franchise of a cleaning business for 5 years, the qualifications to own a franchise mainly depend on the company you work with and can vary. The thing I liked about owning a franchise is that my success was dependent on my own efforts and determination to do the best I could do for my customers.
Hope that helps a little...I would check with the specific franchises that you are interested in for more information. Desire and some money to get started can take you a long way owning a franchise.

Everything I mention above is similar or the same if you want to franchise your own business to others as well.
Good luck!

Thank you for your response! Daysha N.
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Neil’s Answer

Hi Daysha,


There are two components to your question. The first deals with what education level is required by the franchisor for you to own a franchise. That will vary from franchise to franchise. I have seen a number of franchises that will allow a person to own a franchise with no college degree. So this will depend upon the franchise you want and your experience.


The second component is how effective will you be in running a franchise without a four year degree. I know of two very wealthy business men who have been extremely successful without a college education. I want to share an experience of one of them, I will call him Fred.


Fred had a group of college students touring his business. After about an hour of discussion about how he built his business from the ground up, one of the students asked: "You did all of this without a college education?"


Fred responded: "Yes, I did all of this without a college education. However, you can do things the hard way or the easy way, I did things the hard way."


There are no guarantees in life, and the most important requirement for success is hard work. That being said, education is always valuable and will help you be successful. Education can be obtained both formally in school or informally through your own study and experience.


I wish you the very best with your decision and hope you are amazingly successful in your future business.

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