Vantaggi
Learning the details of how to run a small business: marketing, merchandising, labor management, JIT/SCM, profit/loss oversight, etc.
Svantaggi
Integrity violations are not dealt with as quickly as they would be in a corporate environment. In addition, if you're a FC, then chances are the only chances for advancement require a physical move (or 2-3 hour commute to the division office). Depending on where that office is (and cost of living), you might actually be getting a financial demotion. Finally, one of the biggest "concerns" with franchising is the slowness of change due to having to convince franchisees that a shift in strategy is warranted; this lack of agility is crippling when it comes to implementation of strategic initiatives.