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…
If you are interested in franchise opportunities, here is a question for you to ponder: “Regardless of how much money you have to invest in franchise unit(s), which franchise type you choose: Low-investment or high-investment one?” To dig deeper into that question, please consider the following scenario: Suppose you have $100,000 to invest in franchises.…
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…
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,…
Franchising offers an opportunity for a budding entrepreneur to shortcut into entrepreneurship. Unfortunately, franchising is not for every entrepreneur. Not all entrepreneurs can be a good franchisee – This is a fact you and I can not deny. Forcing your way into franchising can only eventually result in two exits: Struggling franchise units and going…
