franchising business

A:There are plenty of good books and magazines on franchising. The problem with franchising is simple - there are likely to be lawsuits when the franchise occasionally fails - even McDonald's has failures. There is an ethos for the group. There need to be sophisticated management skills. It is a completely different and more complex business.

A:why. u dont even have the courtesy to say please. be courteous first and then expect some help.

A:I will do my best to answer some of these questions. First off franchising started to take off in the 1950s. The advantages to franchising is it has a proven track record and support system. Franchises very seldom fail, which makes it quite attractive to become a franchisee. The disadvantage to franchises is that they take a cut of all sales and profits. Also they take a franchise fee to get started in a franchise. The benefits of this to you is that the owner of the corporation would like you to succeed so they can keep the profits comming into them. The chamber of commerce as always looking to help businesses succeed in the town that it serves because when a business succeeds they generate more revenue for the town. The advantages to owning your own business and not having a franchise is obvious...you don't have to pay anyone a cut of your gross. However you don't have a support network, and the odds of you succeeding are stacked against you. Another disadvantage to franchises is many times you have a decreased freedom in what you can offer since it must fall within their set standards. Preparations for becoming a franchise usually mean you have liquid cash available and can purchase the franchise fee. Also you must attend their classes and many times work at one of their franchises before you start your own. This gives you a feeling on how a successful franchise is run. Conclusion is it is VERY good to own a franchise. It is an almost guarenteed success, plus franchises often offer promotions and commercials at no cost to you (except the ammount collected from gross sales). Take for example the success rate of a franchise Jimmy Johns....Last time I checked (2002) they had 100 franchises and off the 100, 2 had closed...of the 2 that had closed 1 had been relocated and was successful. This would equate to a 99% chance that if you owned a Jimmy Johns you would be successful. Versus starting your own business with a 5 year rate of success for small business at 10%.

A:I don't know what firms, specifically, offer franchises in the Philippines, but you might want to start with the Philippine Franchise Association. They should be able to point you in the right direction. Here is their contact information: Philippines: Philippine Franchise Association: Contact: Mrs. Ma. Alegria S. Limjoco Unit 701, One Magnificent Mile (OMM-Citra) San Miguel Ave., Ortigas Center Pasig City, Philippines Phone: (632) 687 0366 Fax: (632) 687 0365 E-mail: pfa@nwave.net

A:Hi, There are some lawn mowing franchises, "spit roast" businesses and kid's party castle hire businesses in Australia that are under $20,000 to purchase. Good friends of mine have invested into all 3. While they were cheap to purchase they tend to be either very long hours and gruelling work for a fair return, or impossibly hard to make a profit. Most such businesses also tend to be a combination of "weather dependant"/seasonal and geogaphically-restricted (you are limited to a certain territory, which automatically caps your growth potential). There are numerous business options available, so a helpful formula is: Find something you can enjoy doing; Make sure it adds great value to the end user (customer); Ensure its growth and expansion capacity is not limited, and Decide whether you want to leap in full time from the start or begin part time as it builds up. There is much more to this, so if you want more you can visit ArkleySolutions dot com where you can download business tips without cost. I sincerely trust this is helpful. Warmly, Slav