The reasons people invest in franchises are as numerous and varied as the franchisees are themselves. But the ability to “be your own boss” seems to be a common refrain among them. Whether it’s having greater work-life balance, job security or building generational wealth, these goals seem more easily attained by those who seek to be their own bosses through franchising.

Starting a business from the ground up is one way to be your own boss, but it might be the hard way. Franchising, on the other hand...

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