It seems that, to some people, the biggest downside of franchise opportunities are the franchise fees and royalties. Those two are the reason why some people ‘despise’ franchising and look to non-franchise business opportunities. Their main reason is that the fees and royalties are stripping off a large part of the business’ profit; in other…
I just read an article posted by Joel Libava (The Franchise King) about not including buying a franchise as a backup plan after someone is being downsized. Unfortunately, I do heard stories of people who put buying a franchise in the top list of what-to-do-after-you-are-being-downsized – I agree with Joel: Franchising is not for everybody.…
When it comes to franchising, franchisee-franchisor relationship is often more important than the business itself. In franchising, if you have a bad relationship with your franchisor, you will not run your franchise unit well. Not that your franchisor is subjective in giving support and assistance, but like it or not, you need to teamwork well…
Did you know that you can actually negotiate a franchise fee with your franchisor? While what a franchise offer you is typically a well-set system, including the standard operational procedure, territory-plotting and franchise-related fees, you can actually negotiate on certain things, depending o the franchisor’s policy. This may include your franchise unit’s territory exclusive area…
Looking for franchise opportunities you are interested in is a bit trivial, especially if you are presented with literally thousands of franchise opportunities, online. To help you save time on searching for franchises to buy, I have 8 online resources to recommend you, along with the reasons why you should consider visiting them. Why do…
You fed up working for others and have called it quit. With your cash in hand, you set your sight focused on a mission: being a successful entrepreneur. You revved up, and despite of all the worries and negative comments on you quitting your job, you are start looking for a business to invest in,…
