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…
Most, if not all, franchise opportunities require franchisees to commit to a certain amount of franchise fee. Many seem discouraged by the amount of franchise fees asked by the franchises (and some do charge a bit too much!), but you must view it as a necessary to keep your franchise unit and the whole franchise…
Refranchising has always been a hot trend of the decade in franchising. The all-important question: Is refranchising beneficial franchisors, franchisees, or both? Refranchising is basically about selling the franchisors’ own units to franchisees. So, yes, franchisees are buying established franchise business with well-run operation and positive cash flow. To me, refranchising is a blessing –…
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…
Here is the question that your answer can make or break your entrepreneurial career: To buy or to lease business premise. Many people misunderstood McDonald’s business model. Many thought that McDonald’s is successful because it makes the best burgers. Not entirely true (to me, Burger King’s burgers are the best of all – LOL. McDonald’s?…
Today, web presence is more important than ever – Franchises know this fact, too. Here is our very own 10 best franchise company websites, design-wise. Franchise companies know that if they want to reach out more to customers and franchisee candidates, they need to go online. They need to transmit the right message to the…
