Frozen yogurt – or popularly dubbed as froyo – are gaining in popularity today. One issue: Is froyo franchise just a fad or a legitimate franchise opportunity? I never ate frozen yogurt in the past decade as much as I did in the past 3 months. To be honest with you, froyo – a popular…
It seems that there is nothing in this world involving money that cannot be franchised – this includes non-profit sector, and it is emerging and attracting social entrepreneurs and investors. About five or six years ago, I thought that not all businesses can be franchised. But today, every organisation involving with people and money CAN…
Many people deciding to buy a franchise because it is closely related to their hobbies. My opinion: Hobby-based franchises are great, but let your hobby be your hobby. I have talked with some franchisees in the past who are buying a franchise because it is their hobbies-turned-into-businesses. One of their most common comments is: Let…
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…
Social media can help new franchisors to create the buzz necessary for the launch of their franchising concepts… and for attracting franchisee candidates. I have just written an article on my other business blog, Noobpreneur.com, about social media ROI. To my surprise, 5 minutes after I posted the article, I received 2 comments. Both of…
Many people don’t realise that not all home-based franchises are enabling you to do most of your work from home. Some do allow your home to be the ‘headquarters’, where business operations are done mostly outside the comfort of your home. Let us get this straight – Home-based franchises are those franchises that allow you…
