One of the most logical steps in preparing yourself for franchising is reading as much franchise information as you can. The question is, were to start? Here are some sites that can help you learn more about a certain franchises or franchising as a whole. International Franchise Association (IFA) First and foremost, you should visit…
Franchise and business opportunities, by all means, are different in nature. Yet, so many people have mistaken one with another. Sadly, the business owners themselves also inaccurately believe that their business opportunities (often referred as BO) are franchises. To make matter worse, potential investors also believe on their claims. Let us set things straight once…
Some enter franchising with a bit too much hope – They dream of cutting their way into entrepreneurship and, since they buy a proven system, success is guaranteed and being filthy rich is on the surest path. The story ends happily ever after. Unfortunately, if you were one of those people, I have to slap…
There are always pros and cons in franchising. The pros always believe that strong brand name and proven systems are the main benefits of franchising. The cons always believe that franchising is expensive and unfair (benefit franchisors more than their franchisees.) I am always pro-franchising. However, I can not deny that there are some legitimate…
The basic rule of thumbs in buying a franchise unit is to look for a franchise that suits your interest, personality and management style. However, a seemingly suitable franchise will not guarantee you any success if it is not great. Being good is not enough – You would not want to invest tens of thousands…
When you are looking for a franchise to invest in, you will surely be invited for a short interview to learn why you are interested in one. In some occasions, you may also be invited to take a personality assessment. The personality assessment held by a franchisor is aiming to profile franchisee candidates in order…
