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Buy a franchise or create your own business?

Harvey

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Which one do you prefer? Buy a franchise to have a business or create your own concept for your business?
Will just buy a share in 7-Eleven franchise through stock market instead of buying a franchise or creating a business to franchise. Don't have enough capital at the moment.
 

overcast

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I think the creating own business takes more time. And so making the franchise business is a lot better option. And there are some of the options that you can do with the franchise. and it can be really good way there. I think franchise earning can be good there.
 
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Medowriter

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Actually creating your business takes time but it builds you and in the long run if you encounter challenges you can easily fix it and move on without much stress
 

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Will just buy a share in 7-Eleven franchise through stock market instead of buying a franchise or creating a business to franchise. Don't have enough capital at the moment.
Buying a big franchise would take millions thus we don't have that huge capital. But how about those food businesses that don't require big capital like food carts, would you buy a franchise or create your own?
 

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Buying a franchise might cause you a lot but if you will but a franchise that is really popular, then you can easily get your capital. However, on doing your own concept or ideas in business,it will always be a risk. So I guess I will go for buying a franchise if I have enough money to do it.
 

m_cel

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I think the creating own business takes more time. And so making the franchise business is a lot better option. And there are some of the options that you can do with the franchise. and it can be really good way there. I think franchise earning can be good there.
What if I started in small capital like creating my own food cart? I've seen tons of food carts started in small capital in their own concept after a while they make it big and open for franchise. It would cost me a lot to buy a franchise but if I start on my own concept it only requires small capital though it's hard to think from the scratch and kind of risky to manage.
 

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Noticed that lot of people with high salary are now starting franchise business. the reason behind that is they have money. and they want to start something thaat can give some assurance for the income. so it seems to be good idea on that context.
 

m_cel

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Noticed that lot of people with high salary are now starting franchise business. the reason behind that is they have money. and they want to start something thaat can give some assurance for the income. so it seems to be good idea on that context.
What if I don't have enough money to buy a franchise and I really wanted to start my own business, do I have to wait until I can afford to buy a franchise? Can't I start my own business in small capital?
 

jamica

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I think it will differ according to what u want and orefer but for me i think buing a ready one will provide a more professionsl one and will take less time so i dont think building it will be good idea
 

anorona

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Noticed that lot of people with high salary are now starting franchise business. the reason behind that is they have money. and they want to start something thaat can give some assurance for the income. so it seems to be good idea on that context.


I agree. Because franchise business already have their name and people know about them already, especially for fast food franchise. But aside from these, considering the place is important too for the success of the franchise.
 

m_cel

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Will just buy a share in 7-Eleven franchise through stock market instead of buying a franchise or creating a business to franchise. Don't have enough capital at the moment.
I don't have either a capital to purchase a franchise. How much it will cost to buy a share in stock markets? Would I generate higher profit buying a share in stock markets?
 

Yugocean

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Franchise cost too much in India and it is mostly rented/leased with name. Big names ask for big amount, and small names do not have anything in which a business should invest.
 

Harvey

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How much it will cost to buy a share in stock markets?
According to MarketWatch, the current price of 1 stock of Philippine Seven Corp./7-Eleven is 118.00 PHP as of this writing.

Would I generate higher profit buying a share in stock markets?
Yes, if you're in long term investment. Philippine Seven Corp./7-Eleven past 1 year profit performance is positive 44.22%.
 
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Lovely

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I know we might want the easy way out by buying a franchise and continuing with the name but we forget we are helping the brand builld a conglomerate and we nothing apart from the profit we make.That franchise started from scratch I will start mine and grow it into a franchise too,
 

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According to MarketWatch, the current price of 1 stock of Philippine Seven Corp./7-Eleven is 118.00 PHP as of this writing.
I really have no idea on how to invest in stock markets. I've read articles that I need a stock broker if I wanted to invest in stock markets but it will cost me a lot because there are service fees. Do you have any ideas without going into a broker?
 

Harvey

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I really have no idea on how to invest in stock markets. I've read articles that I need a stock broker if I wanted to invest in stock markets but it will cost me a lot because there are service fees. Do you have any ideas without going into a broker?
You can open an account in COL Financial - www.colfinancial.com. There, you can invest in stock market without paying the stock broker.
 

Soubhagya ranajan das

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that is good . you share your problem i am also happy to help you .
and i want prefer that take franchise of a shopping sites they pay very high for your work . and with perfect time
 

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I agree. Because franchise business already have their name and people know about them already, especially for fast food franchise. But aside from these, considering the place is important too for the success of the franchise.
Yes building business from scratch can be really hard. and in such case the franchise is something we can consider for the building of business. You can see that building your own does take time as well. I think it's better to have franchise for this reason.
 

anorona

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Yes building business from scratch can be really hard. and in such case the franchise is something we can consider for the building of business. You can see that building your own does take time as well. I think it's better to have franchise for this reason.


Yes. Everything will be hard at first. The advantage of franchise business is that you dont have to do much much promotion because they are already known. Unlike on having your own, you need to start from scratch, build reputation and do many promotions.
 
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