Franchising is one of the easiest ways to put up a business nowadays. Everything is actually being set up for you, from the products to the manpower to the materials. All you need to do is actually provide the capital for it.
It all seems so easy when you think about it but it is actually not. Although everything is already provided for you, you will still have to find the time to manage the business, do the books and shoulder the everyday troubles of running a business.
Of course, compared to putting up your own, it is actually easier but this does not mean that any person with money can do it. You need to have the mindset and the commitment to do it. Although it may not seem so because everything is being done for you, this is still your business and your primary responsibility.
Below are some tips that can help you see if you are ready for a franchise business or not.
Commitment
This is perhaps the single most important factor that you should consider when deciding to franchise. Although you can actually sell a franchise, it is still crucial that you stick to it, to the product no matter what. This means that you need to have the...
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