Want to get a Franchise? Be Warned

[Rafalga]

Want to get a Frachise?

Read This Article

I'm not being negative about Franchising, I'm just saying that you just need to take a look at whats being offered.

State your mind, so others can learn.

[noelkimy]

up for this thread. i learned something from this......

[kapartner mo]

the real concern of this article is the franchise consultancy firms cannot make money from franchisor's that didnt approach them for consultancy. can you imagine, they are charging maximum of 40% fee for every franchise...so the bigger the franchise amount , the better for them... but in fairness to the article, there are really scams being done by others. example, we have a friend who franchised a burger business for over 200k last year, after 1 month of operation, the franchisor left him already with no support at all. he's on his own.. and his buy 1 take 1 burger business gave him a monthly net income of only 500 pesos. 3 months of operation he closed his business.

beware of franchising that approves your location without doing an evaluation. always ask them, what support are they gonna provide you once you get a franchise from them. IF THEY ARE NOT GONNA PROVIDE YOU AND YOUR STAFF A MARKETING TRAINING THEN PROBABLY YOU HAVE TO THINK TWICE. Because food handling preparation isnt enough.. THEY HAVE TO TRAIN YOU ALSO CUSTOMER SERVICE AND BASIC MARKETING at least.

[jake_988]

a very good article to read especially to people who wants to invest in franchising

[porbidaman]

thanx for posting this good topic, i learn something

[al1974]

Dont go for Franchise business without solid reputation. Period.

If its still starting, without established system, then its risky.

[j.alob]

the real concern of this article is the franchise consultancy firms cannot make money from franchisor's that didnt approach them for consultancy. can you imagine, they are charging maximum of 40% fee for every franchise...so the bigger the franchise amount , the better for them... but in fairness to the article, there are really scams being done by others. example, we have a friend who franchised a burger business for over 200k last year, after 1 month of operation, the franchisor left him already with no support at all. he's on his own.. and his buy 1 take 1 burger business gave him a monthly net income of only 500 pesos. 3 months of operation he closed his business.

beware of franchising that approves your location without doing an evaluation. always ask them, what support are they gonna provide you once you get a franchise from them. IF THEY ARE NOT GONNA PROVIDE YOU AND YOUR STAFF A MARKETING TRAINING THEN PROBABLY YOU HAVE TO THINK TWICE. Because food handling preparation isnt enough.. THEY HAVE TO TRAIN YOU ALSO CUSTOMER SERVICE AND BASIC MARKETING at least.

quick reply lang ni ako oldo mobasa pako...

if ing ani man gani.. what if motogod nalang ka ug imo dli ka mag franchise.. unsay dis ug ad..


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broken link... raf

[Rafalga]

quick reply lang ni ako oldo mobasa pako...

if ing ani man gani.. what if motogod nalang ka ug imo dli ka mag franchise.. unsay dis ug ad..


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broken link... raf

The main goal of getting a franchise is to have a proven, well oiled income generating machine with a good reputation and brand recall i.e. Jollibee, San Miguel, ACME, etc... if your going to start up your own, you will have to learn everything from scratch


(Updated the link)

[j.alob]

got it thanks.

[terces]

the real concern of this article is the franchise consultancy firms cannot make money from franchisor's that didnt approach them for consultancy. can you imagine, they are charging maximum of 40% fee for every franchise...so the bigger the franchise amount , the better for them... but in fairness to the article, there are really scams being done by others. example, we have a friend who franchised a burger business for over 200k last year, after 1 month of operation, the franchisor left him already with no support at all. he's on his own.. and his buy 1 take 1 burger business gave him a monthly net income of only 500 pesos. 3 months of operation he closed his business.

beware of franchising that approves your location without doing an evaluation. always ask them, what support are they gonna provide you once you get a franchise from them. IF THEY ARE NOT GONNA PROVIDE YOU AND YOUR STAFF A MARKETING TRAINING THEN PROBABLY YOU HAVE TO THINK TWICE. Because food handling preparation isnt enough.. THEY HAVE TO TRAIN YOU ALSO CUSTOMER SERVICE AND BASIC MARKETING at least.

Correct..........Thumbs up...