The document discusses the positives and negatives of owning a franchise. Some of the positives are that the franchisor provides knowledge of business concepts, procedures, and management skills so it allows someone with capital but no experience to start an instant business. However, some negatives are the franchisor's promises may not match reality, startup costs are expensive, the business trend may decline over time, and the franchisee mainly enriches the franchisor's brand rather than creating their own business.
The document discusses the positives and negatives of owning a franchise. Some of the positives are that the franchisor provides knowledge of business concepts, procedures, and management skills so it allows someone with capital but no experience to start an instant business. However, some negatives are the franchisor's promises may not match reality, startup costs are expensive, the business trend may decline over time, and the franchisee mainly enriches the franchisor's brand rather than creating their own business.
The document discusses the positives and negatives of owning a franchise. Some of the positives are that the franchisor provides knowledge of business concepts, procedures, and management skills so it allows someone with capital but no experience to start an instant business. However, some negatives are the franchisor's promises may not match reality, startup costs are expensive, the business trend may decline over time, and the franchisee mainly enriches the franchisor's brand rather than creating their own business.
Owning a Franchise Talking about franchising, there are positive and negative things to talk about,
The positives in franchising.
Of course we will get learning from a business that has been prepared by the franchisor, here as tenants or franchise buyers, we will get knowledge about sources, types of work materials, work concepts, work systems, and ways of behavior and goals of the franchise business, even though in the form of the concept expressed by the franchisor. However, we have definitely got concepts, trends, types of business, work procedures, and knowledge in management. So franchising is an instant business that makes it easier for someone who has capital but doesn't have ideas and doesn't have management.
The Negatives in the franchise.
The negative side of a franchise business is that there is a discrepancy in the concept of promises from the franchisor, more expensive capital because we get a work package prepared by the franchisor, business competition in a trend that may go down in a certain time, or we are only used as a test. try to run a trend in a business. Most of what happens in the franchise business is a slow return on investment, a trend that doesn't expand which makes income inappropriate or even a loss, the initial capital issued is quite large and doesn't match the physical gain, and the last is that we only enrich or introduce the brand. and other people's business concepts only.