This is the best year to start your own business. Take it as if you’re asking yourself when do you want to start making money. Is it tomorrow? Next Year? After 10 years? If your answer is today, then you have the right mindset of a future successful entrepreneur. A lot of business starters ask which is a better strategy to begin with, starting your business from scratch or buying your own franchise. For those who are new in the business industry and you have no idea on how to start your own enterprise, here’s the reasons why you should take franchising as a good business option this 2019.
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Cebu — April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
With franchising, you don’t need to put so much effort in the start-up process because it’s already established for you. If you’re just beginning in the business sector, this is a good alternative since you won’t be dealing with start up issues anymore. Once you know what to franchise already, you have to take it as your own business foundation if you want it to last.
It is true that when you franchise, you don’t need to start your own branding and system. Just like the start up process, the brand and system are already set up for you. All you have to do is operate the business and be passionate about it. Remember to buy the type of franchise you’re good at. It can be a restaurant, a pharmacy, a coffee shop, a clothing line, etc. as long as you’re confident that you can run the enterprise for a long period of time. It’s not just a question of what’s in demand today, it’s also about are you going to put passion in your business?
Choices are everywhere. If you look at the fast food chain side, there are not just one but many options for you to buy. There is Jollibee, KFC, Wendy’s, Burger King, and other popular chains you normally see in malls and along the way. If you look at the coffee shop side, there is Starbucks, Coffee Bean, JCo and other emerging cafes. What’s good about franchising is that you are free to choose from hundreds of brands in the market. Choosing what’s on demand among the choices will help you generate higher yields.
Before you start your own business, you still have to invest in your own knowledge. Though it would require you to study and learn more when you franchise, unlike starting your own business, you don’t have to start with scratch. Franchise will help you mitigate the risks of beginning from nothing. Failures will be lessen as there are available systems for you to use. All you have to do is study the system and be creative in marketing you business.