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[m_cel]

Which one do you prefer? Buy a franchise to have a business or create your own concept for your business?

 

[tusziget]

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.

Everything needs time.Well,it is more easier if you work with already famous,worldwide known trademarks.I think it may take years to create your own business and you have to invest much money promoting your business.You will see some ROI maybe after a long time.

 

[Soubhagya ranajan das]

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.

you are talking about the best way to get it . in that type of website works are very hard

 

[anorona]

Everything needs time.Well,it is more easier if you work with already famous,worldwide known trademarks.I think it may take years to create your own business and you have to invest much money promoting your business.You will see some ROI maybe after a long time.

True. It may take years before it can be successful, but there are also some who are lucky enough to be successful on their business in just a few months.

 

[m_cel]

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,

Wow that's the spirit. That's what I'm thinking too, every franchise started from scratch so why we can't create our own concepts. Maybe because we're afraid to face the risk, losing some money is not a joke so other people would rather choose in safer place than taking the risk.

 

[anorona]

Wow that's the spirit. That's what I'm thinking too, every franchise started from scratch so why we can't create our own concepts. Maybe because we're afraid to face the risk, losing some money is not a joke so other people would rather choose in safer place than taking the risk.

Yes. That's one of the main reason why many are afraid to try to start in their own business, so some just go with franchise even if it costs much than owning their own business. They feel it would be more successful just like how it goes from the other branch.

 

[m_cel]

Yes. That's one of the main reason why many are afraid to try to start in their own business, so some just go with franchise even if it costs much than owning their own business. They feel it would be more successful just like how it goes from the other branch.

I've read lots of businessmen testimonials that started from small capital. They weren't afraid to face the risk they have guts to lose their money whatever the outcome they're prepared to face it. I guess in order to be a successful businessman you have to be brave, smart, and have faith in yourself that you can achieve your goals if you have the guts to do it.

 

[Lovely]

Wow that's the spirit. That's what I'm thinking too, every franchise started from scratch so why we can't create our own concepts. Maybe because we're afraid to face the risk, losing some money is not a joke so other people would rather choose in safer place than taking the risk.

Well, I don't fear risks because it part of our everyday life,if one is always afraid of risks then such a person wouldn't go far in life.Starting a business comes with all the challenges but facing it squarely against all odds is the deal.

 

[kaka135]

I used to think of buying franchise, but then I realized it's too expensive and I might not have the freedom to do how I want it to be, so I would prefer to create my own business. As a stay at home mom, now I would like to have a home based business as I will enjoy more freedom staying at home with my kids.

 

[anorona]

I've read lots of businessmen testimonials that started from small capital. They weren't afraid to face the risk they have guts to lose their money whatever the outcome they're prepared to face it. I guess in order to be a successful businessman you have to be brave, smart, and have faith in yourself that you can achieve your goals if you have the guts to do it.

Yes,I know. Even the successful fast food and any other business have faced failures before but they never give up. I remember the story of the owner of KFC who have faced many failures before he become successful.

 

[Lovely]

I used to think of buying franchise, but then I realized it's too expensive and I might not have the freedom to do how I want it to be, so I would prefer to create my own business. As a stay at home mom, now I would like to have a home based business as I will enjoy more freedom staying at home with my kids.

This is one disadvantage of a franchise,no diversification,no creativity from one's end,no input or idea to expand,you must work with the agreement handed because it not your business.So it better one start his or her business and create every thing that one has in his or her head to succeed.

 

[m_cel]

I used to think of buying franchise, but then I realized it's too expensive and I might not have the freedom to do how I want it to be, so I would prefer to create my own business. As a stay at home mom, now I would like to have a home based business as I will enjoy more freedom staying at home with my kids.

Yes, buying a franchise is very much expensive. Though there are some franchise can start with small capital but it won't guarantee you will be able to generate higher profit for a period of time unlike those big franchise most likely you can earn profit right away but the problem it's too expensive to purchase big names.

 

[tusziget]

I think both way doing business will take up much time and much money.I think it depends on the marketing skills on the entrepreneur,how he will start the business.There are actually successful examples of both business ,so each of both can be done with the necesary skills.

 

[Roxana]

Both of them have their benefits and disadvantages. Buying a franchise requires lots of money and it happens sometimes to be surprised by some problems that exist from the time of the previous management.
Starting a new one requires a lot of time, nerves, money, investments and the succes isn't always guaranteed.

 

[anorona]

If one has a potential
to start a new business and not depend on franchise, then he can make his own name, he can start with little business the just upgrade it later if it will succeed.

 

[m_cel]

Both of them have their benefits and disadvantages. Buying a franchise requires lots of money and it happens sometimes to be surprised by some problems that exist from the time of the previous management.
Starting a new one requires a lot of time, nerves, money, investments and the succes isn't always guaranteed.

Would you rather buy a franchise for hundred thousand/millions but the problem is you don't have hundred thousand/millions or start your own business with a small capital but there are risks involved?

 

[anorona]

Bothhave the risk, but I guess buying franchise has a little advantage when it comes to sale since it has name already, the downside is it surely much expensive than having your own.

 

[m_cel]

Bothhave the risk, but I guess buying franchise has a little advantage when it comes to sale since it has name already, the downside is it surely much expensive than having your own.

If you're eager to have a business, when is the best time to start your own business? Wait until you have big capital but you're not sure when it's gonna happen or start right now with small capital risk everything?

 

[anorona]

If you're eager to have a business, when is the best time to start your own business? Wait until you have big capital but you're not sure when it's gonna happen or start right now with small capital risk everything?

It depends. But if I were to choose, even if I have a big capital, i would like to start with small business first, then it if clicks, I will then expand my business like add other branch and products.

 

[asumi]

hello and in my Own self opinion! i must choose, buy a Franchise, beacuse buying a franchise is too easy ! and you Dont have too Deal with promoting the products ! beacuse its already a well known company! and Establish!

 

[m_cel]

It depends. But if I were to choose, even if I have a big capital, i would like to start with small business first, then it if clicks, I will then expand my business like add other branch and products.

Same here, I would do the same thing. It is more profitable to make many branches. You just really need to be brave and not afraid of the risks.