Can you get rich with franchising? Yes. Just like anything else in business world, you can achieve your financial milestones well if you do the right thing. Being a franchisee for several years makes me realises that not all franchisees are born or created equal – The personal traits of the franchisees govern how well…
A conventional wisdom on franchising says that absentee ownership is not ideal in running franchise units; Therefore, most franchises offer franchising opportunities that do not allow absentee ownership. Perhaps they should think about allowing absentee ownership, as it presents a win-win solution for both franchisee and franchisor. Absentee ownership means owners who are not physically…
There are certain criteria that are well-sought after by a franchisor in accepting an investor proposal to be a franchisee – And no, it is not always about how much money you have to fund the franchise unit purchase. Your ability to fund the purchase of a franchise unit is one of the technical criteria,…
