What is better - franchising or your unique business?
There are 4 answers
Answered on December 6, 2014 10:05 PM
By and large, franchising and your business are two sides of the same coin. Deciding what is better is difficult. It all depends on the means, goals and, most importantly, knowledge. When you form your own unique business, a number of problems arise, the main one being the demonstration of oneself in the market. You need to present yourself in such a way as to gain trust and demand, which is currently not so easy given. Franchising, on the contrary, relieves you of this kind of problems - brand promotion, search for a supplier, risk reduction. And most importantly, you will use the already proven, working business system. But in any case, there will be its own problems - limiting suppliers and advertising, a negotiated system of monetary transactions and a number of others.
Answered on December 6, 2014 10:24 PM
Answered on October 28, 2015 16:58
It all depends on many factors and the most important thing is whether you can build your own business model yourself and whether it will be more profitable than franchising and if you don’t have any experience in this, then practice shows that most often not very successful models are obtained. I have opened a business for example in franchising, and by the way I chose this franchise store. And in general, it successfully leads.