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Posts Tagged ‘franchising’
Purchase a Franchise or Starting Up Your Own Business?
June 2nd, 2008 | Author: Noobpreneur
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… Click here to continue »
How to Choose the Right Franchise – Episode 2
May 23rd, 2008 | Author: Noobpreneur
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… Click here to continue »
Buying a Franchise – A Good Way to Network and Get Some more Business
April 18th, 2008 | Author: Noobpreneur
People tends to forget the essence of franchising – No, it’s not getting a proven system in exchange for a franchise fee and royalty – it is a definition of franchise.
The essence of franchising is networking.
That’s why owning a unit from a franchise that only has 5 units in total is not recommended – it’s even an absurd way to enter franchise industry.
A franchise true… Click here to continue »
Posted in business opportunities, business tips | Tags: business networking, franchising | No Comments »
Buying a Franchise – If You Think Owning a Franchise Unit is Easy, Think Again!
March 19th, 2008 | Author: Noobpreneur
I owned several local franchise units. To tell you the truth, the first time I buy a franchise unit is my effort to cut my way into entrepreneurship. I thought it was easy. It’s not.
I learn franchising the hard way. Many people, just like me, buy a franchise unit with a wrong reason – mainly, they want to take a short cut into the world of entrepreneurship… Click here to continue »
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