Owning and operating a franchise has many pros and cons. Is owning a franchise the right opportunity for you? Discovering if a business venture is right for you requires a risk analysis process. In my years as an attorney I have done business with several franchisees in the Kansas City area. Deciding whether owning a franchise is right for you, does not always come with a clear-cut answer. By weighing the pros and cons of joining a franchise you can make the decision that best suits your business goals.