Wednesday, November 2, 2011

Thinking of Opening a Franchise?

 
Business 3D
Thinking of starting a business?  I've been lately, but I have no experience in running one.  Then I realized there might be no better way to start than to become a franchisee. I read somewhere that the percentage of success in opening a franchise than starting from scratch is much higher since you will already be handed the successful business model of the franchiser.  The franchiser will be there to help and guide you along the way.  It's like using the experiences of the successful entrepreneur who started the business so you won't need to go through the hardships, and trial and errors new business owners have to deal with.  Along with it are restrictions enforced by the fanchiser so as a franchisee you won't be able to really do the things that you want in running the business.  Many still consider it though as a good start to entrepreneuship.


I know a lot of people are interested to venture into this sort of business set-up so I've checked some common franchises that Im interested in to get an idea about the requirements and most importantly the cost.  I listed them below.  The company names are linked to the Frequently Asked Questions (FAQ) section of their website where you'll find interesting and helpful information. 


Convenient store


Drugstores


Gasoline stations


 LPG stores



Franchinsing alone however, according to seasoned entrepreneurs doesn't guarantee success.  Knowledge, skills and hard work are still the key.  Also, if you are an OFW like me, opening a franchise store or starting any business for that matter without you personally looking after things might not be a good idea.  If you are serious and really want to succeed, you better pack your bags and leave for good.  This I hope I can do very soon. ^_^


How about you, do you have any franchising opportunity in mind or any franchising experiences you want to share? Please feel free to put them on the comments section below.

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