We are always ‘reminded’ by various publications on franchising, online and off line, that franchising is expensive, and bailing out from the franchise agreement is costly for the franchisee. Unfortunately, not many realise that not only franchisees, franchisors are also financially affected by the franchisee-franchisor partnership break-up – And that is just the tip of…
Franchise ownership is one route to entrepreneurship and financial independence, provided you buy a franchise with the right knowledge and mindset. Unfortunately, for the sake of seeking new franchisees, some franchise opportunity offers are simply misleading, even degrading. Here is what I found searching on Indeed for the term “franchise opportunities jobs“:…
I stumbled on an article on Yahoo! Small Business, that (again) put franchise ownership as one of 7 most overrated businesses. Kelly K. Spors and Kevin Salwen, the article writers, have conversed with small business experts to identify the overrated businesses. Other than franchise ownership, the other six are: Restaurants, direct sales, online retail, high-end…
Reading franchise business publications and attending franchise expos will give you some ideas on how the bottom line – the financial analysis – of franchise opportunities you are interested in. As some, if not most, franchises are keen to recruit new franchisees, some of them are utilising their financial projections as tools to pitch franchisee…
You have done your homework and have found a great franchise to buy. What’s the next step? There are many paths you can take as your next step, but I suggest you to talk with the franchisees of the franchise company you are interested in. Most likely than not, having a chit-chat with several franchisees…
Buying a franchise is not a simple task these days – With virtually hundreds, if not thousands, franchise opportunities present, choosing some, let alone one, opportunities that you are interested in is trivial. You need help – You need the services of a franchise consultant. A franchise consultant can offer you expertise and guidance from…
