Some people don't like franchising because of the cash outflow from franchise fees and royalty payments. On the other hand, there are those who are willing to pay to flatten the learning curve.
The crème de la crème of the franchising and licensing industry were recognised and awarded at the annual regional Franchising & Licensing Association (FLA) Awards 2015 held at the Marina Mandarin hotel (Singapore).
Some business owners like to think about expansion into overseas markets in vague terms (i.e. Asia, Europe, etc.) but this oversimplification is problematic and could even throw a wrench in the works.
Running a successful business doesn’t happen overnight. And it also doesn’t happen with just thoughts and beliefs. Rather, what makes it happen is the actualization of thoughts to actions through effort and motivation.
How are you as a franchisor? Are you fulfilling your responsibilities and doing all you can to help your franchisee? Or are you doing something that makes you a “bad” franchisor, whether knowingly or unknowingly?
Participation in a franchise exhibition or tradeshow requires a significant investment outlay and there is no guarantee that any new franchisees will be signed up. So why do so many franchisors still do it?