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Posts Tagged ‘franchising’

Purchase a Franchise or Starting Up Your Own Business?



FranchisingMost 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 »

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How to Choose the Right Franchise – Episode 2



Worldwide Brand FranchiseFranchising 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 »

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Buying a Franchise – A Good Way to Network and Get Some more Business



Schmooze your business colleaguesPeople 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 »

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Buying a Franchise – If You Think Owning a Franchise Unit is Easy, Think Again!



Buying a Franchise - If You Think Owning a Franchise Unit is Easy, Think Again!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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