Franchises are a unique form of business imho. I’ve heard business profs make a good case that they aren’t like an entrepreneurial business because most aspects, if not all, are dictated to the owner.
Worked for franchisors for 10 years. You’re partly correct. What franchisees are buying is essentially a (theoretically) working business model. And in some cases the advantages of mass marketing outside the realm of possibility for an individual restaurant, etc.
But I can guarantee you that being successful requires considerable work and attention to detail by the franchisee.
” they arent like an entrepreneurial business because most aspects, if not all, are dictated to the owner.”
Nonsense. Ask a business owner who took venture capital, a loan or an investor how free they are.
I only has one biz prof who was worth a damn, and he was a very successful business owner who just like to teach.