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…
You can’t simply please everybody. This fact also applies in franchising. If you are a franchisor, you can’t simply keep all of your franchisees happy, no matter how well you set the SOP (a.k.a. the “game plan”) and how hard you try to please your franchisees. The cold hard truth is, “bad” franchisees will nag,…
If you love being around with your family and running your own business home-based, these franchises might interest you. These franchises are not my personal recommendation. There are some versions available, but I always consult to Entrepreneur.com’s Franchise 500 for trusted and comprehensive franchise references. The top 10 home-based franchises list is dominated by commercial…
I have invested in franchise opportunities and business opportunities, and I concluded that there is one major difference among those two: The level of support. For those of you who think that franchise fees and royalties are simply useless and waste of money, think again – You will receive what you have paid for. Many,…
