“Franchise opportunities – easy to run, no experience required!” In this article I want to be totally honest with you: Whenever you encounter such offer, not only in franchising but in any business opportunities, my only suggestion for you would be to stay away, even run away from them. Franchises are mistakenly touted to be…
If you consider yourself not having a knack in starting out business or buying a new franchise unit, you might want to consider buy a franchise resale. A franchise resale is essentially an established franchise unit that already has built a credible track record in the marketplace and community. The number one benefit of buying…
Choosing and buying a franchise is easy. The tough part is finding the right reason why you want to buy one. Learn from my mistakes. I remember all the excitement that comes with the process of finding the right franchise to buy. Visiting franchise expos, talking with franchise owners, visiting franchisees’ stores, getting pitched by…
I heard too many stories of franchisees who “feel” that they were being cheated by their franchises, resulting in an under-performing, if not dying, franchise units. The general rule of thumb in any business agreement is: read every word, and don’t forget the fine print. Not to discredit franchisors, but some seem to have a…
Refranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both? Refranchising is basically about selling the franchisors’ own units to franchisees. So, yes, franchisees are buying established franchise business with well-run operation and positive cash flow. To me, refranchising is a blessing –…
Many people deciding to buy a franchise because it is closely related to their hobbies. My opinion: Hobby-based franchises are great, but let your hobby be your hobby. I have talked with some franchisees in the past who are buying a franchise because it is their hobbies-turned-into-businesses. One of their most common comments is: Let…
