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…
Due diligence is the keyword to ensure that everything you have planned in buying a franchise will not go in vain. Proper franchise opportunity analysis can only do you good. Due diligence is resource-intensive. Doing it requires you to put on your business analyst hat, as well as your skepticism hat. Unfortunately, choosing NOT to…
I like browsing for small business-related news, partly because I have interest in the topic, and partly because I run and manage two small business-related blogs – Noobpreneur.com and FranchiseNote.com. While browsing for franchising news, two articles have caught my attention – The Boston Globe‘s and The Tennessean‘s. Actually, those two articles have caught my…
Franchising is more appealing to entrepreneurs than ever – Many thanks to the recession. People are ‘forced’ to take entrepreneurship route due to downsizing and troubled personal finance. As people need a hand in guiding them in the new frontier, franchising comes to the rescue, offering proven system, strong brand name and support/help along the…
