I need your opinion. To franchise business or not?

I hope to hear from the members of this community soon. I am trying to solicit opinions regarding this matter.

First of all, it's really good that you've decided to take an initiative to start your own business, not all have the courage to do that. But please bear in mind, that anything I say here is not in any way to offend you, it's just my honest opinion as a CPA in practice.

In creating your own brand, it's a very steep line of business, since a lot of milk tea franchise are already there in the market, which means you'll likely to have a minimal market share. But, the costs here are very minimal, since there are no franchise fees and it gives you more independence in what your overall concept, flavors, social media advertising, etc. would be.

In purchasing a franchise, it's quite costly, specially if you consider purchasing big brands. Franchise fees typically involves, processing fee, monthly royalties and even the ingredients or equipment are also included in the package. You'll also have less independence in the concepts, flavor and even the staff, since some of the franchise, staffs are also part of the package. But you don't need to worry about the marketing and promotions of your product, since it's already known and the process itself in establishing the business is provided by the franchise provider.

So if you have a decent amount of money, you should probably purchase a franchise. But, if you have a minimal budget, you should create your own, but it would really be a rigorous process and it would not be easy. But think of it this way, you can learn how to start a business and what ever happens, you'll forever know that and can open other line of businesses if you wanted to, you can use it as an experience.

But hey, it's still your opinion, I'm just here to give pros and cons. Thank you so much for reading.