I have just read an article from The New York Times that covers the questions you should ask to yourself and a franchisor before deciding on buying the franchise of your dream. The article opens up some facts that, to tell you the truth, somewhat against franchising, in a sense that you should take great(er)…
This question (supposedly) jump out of a franchisee candidate’s mind: How much can I make from this franchise opportunity? Unfortunately, the answers can be vague, misleading and, in a sense, secretive. The income reports you saw publicly (such as in franchise expos) are either averages or forecasts/projections. Franchise companies are not in the habit of…
Franchising has been booming in the past decades, worldwide. No longer in the US, the rest of the world’s entrepreneurs have realised that franchising offers enormous potential. Franchise Direct has ranked the world’s best franchises for 2009. It is interesting to learn that from the top 100 list only 15 of them are non-US franchise…
Environmentally-friendly franchises are picking up the pace – With consciousness on going green emerges worldwide, businesses, including franchises, practicing environmentally-friendly and socially-responsible principles will help them to gain more edges than those that are not. There are some fast growing franchises embracing the “go green”-related practices and policies that attract environmentally-conscious franchisees. The fastest growing…
I stumbled on an article on Yahoo! Small Business, that (again) put franchise ownership as one of 7 most overrated businesses. Kelly K. Spors and Kevin Salwen, the article writers, have conversed with small business experts to identify the overrated businesses. Other than franchise ownership, the other six are: Restaurants, direct sales, online retail, high-end…
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.…
