Most Franchise Businesses are successful but invariably like any other business some do fail. Why do they fail? Most franchisors fail primarily because they took the route of franchising their business without proper planning and preparation.
Although franchising is a great way to grab market share quickly and without utilizing your own funds, it requires a [...]
New franchise opportunities are coming to the market regularly and the franchise industry is going from strength to strength. Franchise exhibitions are attracting many new exhibitors. Potential franchisees are coming in their droves to look at the many new & old opportunities that are eager to take their cash.
Entrepreneurial spirit is alive and kicking. People [...]
When starting a small business, one of the most common problems that entrepreneurs today are facing is the funding. Aside from funding, you have to promote your products and services to the people even before you can sell it effectively. For example, if you are trying to promote a new product with a new brand, [...]
Selling a franchise business is not as straight forward as selling your own business. Your franchise agreement will have detailed instructions on the procedures that you need to follow when you take the opportunity to sell your business.
The franchiser will be able to assist you in valuing your business and will probably insist that you [...]
Most business owners would like to significantly grow their business. Franchising can be a very effective way to do this with the added advantage that minimal investment in additional premises, business equipment and employees is required. Franchisees fund this expansion for them. This approach makes franchising a low risk option for business owners providing they [...]
A franchise is a legal agreement that allows an independent business owner (franchisee) to trade using the trademark, trade name and business format of the franchiser (owner of the original business) in return for a fee and ongoing support fees or royalties.
There are many benefits to buying a franchise. The number one benefit of becoming [...]
