Posts Tagged ‘business opportunities’

Provided you buy a franchise that allows you to be an absentee owner, being a franchisee can present you with more business opportunities.

Franchisees are comprised of entrepreneurs, professionals, retirees and many other backgrounds – This wealth of background can add diversity, leading to a stronger franchise, benefiting both franchisor and franchisee.

A chance to network and partner with fellow franchisees

In my case, being a franchisee opens up more windows of opportunities – Building a good relationship with fellow franchisees can bring you more business to your other businesses, even partnering to launch a new business together (I’d like to do this with my …

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Franchise and business opportunities, by all means, are different in nature. Yet, so many people have mistaken one with another.

Sadly, the business owners themselves also inaccurately believe that their business opportunities (often referred as BO) are franchises. To make matter worse, potential investors also believe on their claims.

Let us set things straight once and for all.

The difference between a franchise and a business opportunity (BO)

The main difference is the fee being charged for the investors who are interested in the business proposal. Some BO owners charge a fee that resembles a franchise fee – Some called the fee “license fee” and …

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