Posts Tagged ‘franchising’
Learn About Franchising with Franchise Note
August 9th, 2009 | Author: Noobpreneur | 539 views
Franchise blog
We are proud to announce the recent launch of a brand new sister blog to Noobpreneur.com – Franchise Note, a franchise information blog. The blog takes a niche in small business, franchising, and will explore deeper on all about franchise and franchising – Something that we couldn’t do in Noobpreneur.com.
I started the blog simply due to the fact that franchising lacks adequate coverage in blogosphere – Sure, there is a number of blogs covering various franchising…
Posted in announcements | Tags: announcement, franchise blog, franchise note, franchising | 2 Comments »
Franchises Thrive in Recession
May 3rd, 2009 | Author: Noobpreneur | 1,765 views
If you asked me whether to invest in a franchise unit or other business, I would definitely answer franchise unit.
For me this is a no brainer – Franchises thrive because of something “organic” they have that any other business types don’t. Franchise opportunities are being offered without showing signs of slowing down – a good sign of recession-resistant business type.
What Franchises have that other business types don’t
Franchising embraces the power of number. Even a 10-unit…
Buying an Existing Business: Franchise or Non-Franchise?
April 24th, 2009 | Author: Noobpreneur | 2,164 views
If you are Noobpreneur.com long time readers, you might noticed that I once invested in franchise units. However, I have divested today.
I will always looking for lucrative opportunities and businesses for sale, because I divested not because my previous businesses are bad businesses. Thanks to the recession and economic crisis, customers’ buying power is all-time low, which have a direct impact to my franchise units that are in business service and retailing.
My mistake, at that time,…
10 Myths in Franchising
September 8th, 2008 | Author: Noobpreneur | 880 views
If you are interested in franchising as I do, you must have been heard opinions and recommendations about franchising.
Unfortunately not all people offer you the right recommendations, and sometimes people’s opinion on franchising is not based on the truth.
In many cases, all you hear about franchising is actually myths!
10 Myths in Franchising
Here is the 10 myths in franchising:
- Being rich through franchising
Unless you are the franchisor or you own MacDonald’s, this is misleading. If
…
Why Brand Management is Paramount in Franchising
July 19th, 2008 | Author: Noobpreneur | 1,156 views
In relation to my previous blog post about my guest post that seems being unpublished, I decided to publish the post here.
I think I guest the post myself, for you to enjoy :)
Why Brand Management is Paramount in Franchising
Brand management is important for any businesses. However, it is paramount for franchise businesses.
You know what really troubles me in running my franchise units?
No, it’s not really my franchisor who troubles me. Surprise, surprise – it’s…
Brand Management in Franchising – My Guest Post at Small Business Branding Blog
July 10th, 2008 | Author: Noobpreneur | 2,483 views
I wrote a post for Small Business Branding, titled Why Brand Management is Paramount in Franchising. Thanks, Vera, for having me as a guest in your excellent business blog!
I basically highlight the importance (and the real challenge) of managing brand in franchising. I say ‘real challenge’ due the fact that the brand name is not only built by the franchisor, but also by the franchisee.
Please do check my guest post out…
7 Habits of A Highly Effective Franchisee
July 3rd, 2008 | Author: Noobpreneur | 1,012 views
Franchise industry is a different world of its own in entrepreneurship.
A certain type of entrepreneurship may or may not a best fit in franchising. If you saw a franchise unit runs well, don’t be surprised to know that it’s because of the location, not because of the right franchisee running the unit. What the best fit franchisee impacts is on two issues – everlasting franchise unit growth beyond it’s locational perks, and great relationship between franchisee and the franchisor,…
Posted in about business, business tips, personal development | Tags: franchisee, franchising | 1 Comment »
Franchise agreement: From a Noobpreneur Point of View
June 13th, 2008 | Author: Noobpreneur | 1,937 views
Franchising is about getting the right business at the right location, right?
Wrong! It’s about the franchisee agreement and the ability to stick to it. Therefore, franchising is not for everybody.
Franchising is for those who can follow set rules and comply to what outlined in the franchise agreement. If you can live with it, you can succeed. If not, you’d better be opening your own business.
Franchising involves two totally different entities united in a common ground called franchise
…
Franchisor Insider Story: Why Franchising is Difficult yet Necessary in Growing Your Business
June 6th, 2008 | Author: Noobpreneur | 1,490 views
I’ve post a few on franchising – mostly from the eye of a franchisee.
This time, I present you a story from the franchisor side.
A story from the CEO of nation’s leading Business Services Center about franchising
When I’m talking about nation’s leading franchise, it’s non-US; It’s in a country where I live right now – just to clarify :)
I have a good relationship with my franchisor – the CEO of the Business Services Center. We share a…
Purchase a Franchise or Starting Up Your Own Business?
June 2nd, 2008 | Author: Noobpreneur | 1,078 views
Most people ask, “are buying a franchise unit will make you rich?”
My sole answer, “No – You WON’T.”
Why? Am I bitter toward franchising?
No – I am a big fan of franchising!
I believe the power of economy of scale and exponential growth – they are key to riches – both are present in franchising.
With economy of scale, a franchisee enjoy a better purchasing power – simple: 1 business ordering a widget gets different pricing to 100…
How to Choose the Right Franchise – Episode 2
May 23rd, 2008 | Author: Noobpreneur | 1,247 views
Franchising is hot. It is, in fact, hot for decades.
Why would people buy a franchise unit? What make a franchise appealing?
The number one reason people buy a franchise unit is to cut his/her way into entrepreneurship.
Yes – buying a franchise brings you a few steps ahead of other entrepreneurs. While other entrepreneurs work long hour to trial-and-error their business concepts, not mentioning the amount of resources to push their ‘baby’ to grow, franchisee unit buyers cut right…
