This question (supposedly) jump out of a franchisee candidate’s mind: How much can I make from this franchise opportunity? Unfortunately, the answers can be vague, misleading and, in a sense, secretive. The income reports you saw publicly (such as in franchise expos) are either averages or forecasts/projections. Franchise companies are not in the habit of…
Franchising has been booming in the past decades, worldwide. No longer in the US, the rest of the world’s entrepreneurs have realised that franchising offers enormous potential. Franchise Direct has ranked the world’s best franchises for 2009. It is interesting to learn that from the top 100 list only 15 of them are non-US franchise…
Environmentally-friendly franchises are picking up the pace – With consciousness on going green emerges worldwide, businesses, including franchises, practicing environmentally-friendly and socially-responsible principles will help them to gain more edges than those that are not. There are some fast growing franchises embracing the “go green”-related practices and policies that attract environmentally-conscious franchisees. The fastest growing…
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…
