Most people who want to start their own business usually cite reasons like independence and money. Unfortunately for most new business owners, you can’t have your cake and eat it too. Katie Fagan, of franchise consulting group FranNet, told Palo Alto Online that only 16 percent of start-ups are still in business after 10 years,…
You are interested in a couple of franchise opportunities. You go to a franchise expo, then you ask around and get pitched by franchisors about the prospects of their franchise business and franchising as a whole. You read advertorials, reviews and almost anything about franchising. You think you are ready. But wait. From my own…
Did you know my number one mistake in franchising, costing me 2 franchise units? That’s right – I jump into franchising because of the potential alone, not because I am passionate about the niche of the franchise. I end up losing both. Indeed, I do my analysis and all – I like the concept and…
Okay – I understand the situation here. If you are a franchisor, you might have said “what the… ? We are busy putting out fire caused by the franchisees and now you expect us to (cough) listen to them?” Well, whether you like it or not, your willingness in listening to your franchisees holds the…
Are you ready to plunge yourself into entrepreneurship but are dumbfounded by the wealth of options right in front of you? Well, you are not alone. One of the biggest challenges in entrepreneurship is not finding business ideas: It’s on deciding HOW you would like to startup. Are you going to bootstrap your startup or…
One of the easiest ways to get into business happens to be to harness the power of supply chain management that others have taken the time to develop. The way to go about this is to invest in a franchise, but how do you choose the right one? Just follow the simple steps that have…
