Buying a franchise unit is probably easy if you have the capital, but running one is a different story. Firstly, a franchise owner is required to be responsible for the whole business operations, from hiring to managing finances. This is a good thing, but not many can actually do this well – wearing many hats…
“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…
You have prepared everything you need to do to buy your dream franchise: Location, check. Market research, check. Financing, check. The due diligence, check, check and check. Now it’s time to move a step forward: Let your franchisor know that you are ready for reviewing and signing a franchise agreement. Franchise agreement is where things…
Finally, the search is over – you have done your homework and have found your dream franchise and you just know it has a bright future. The next step would be: buy the franchise; the big question: how will you finance the purchase? Unfortunately, franchises are stereotypically known as businesses requiring quite an amount of…
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…
