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Buy a franchise or create your own business?

m_cel

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Which one do you prefer? Buy a franchise to have a business or create your own concept for your business?
 
Buying a franchise is meant for people who have money to improve in it because no doubt when a business is sold there must be one challenge or the other to face.
 
Which one do you prefer? Buy a franchise to have a business or create your own concept for your business?
I think creating your own concept for your business will be better than buying a franchise. But if one does not have the skills needed to create a new concept, it is better for him or her to buy the franchise.
 
Assuming capital is not a problem, buying a franchise is better than creating a business from the start with tour own concept. Since the business is already in existence, maintaining it to a greater standard is easier than creating one from scratch.
 
Creating one takes time so i prefer buying a franchise. They give everything needed to set up the business, raw materials (f&b franchise), training, products etc so i just need to work harder to gain money to buy one and i'll have the business ready to go.
 
Many people prefer franchise now people don't really have that time to think of how best they can grow business from scratch but prefer already made that they can sustain.
 
I have 2 colleagues in the office who made a start up with a franchise of Tapa King, it is an eatery specializing in rice meals with fried beef. That brand is doing great so my colleagues were expectant. But before one year of operation they had to close shop. The business was losing badly. Looking back they should have started with their own idea of business to save them from the franchise cost.
 
I think I would prefer starting my own business from scratch. I love the thrill of growing from your own mistakes and learning to do things for the first time. Expriencing your own business from the start really builds you to be a strong person in skills and mentally.
 
To be honest franchising a business is not a bad idea specially if it's a pretty well known brand it will help you sell better than when you're new and no reputation
 
If you have the money to buy an actual good one then its OK else you should Starr your own name business it works better to be honest actually
 
Which one do you prefer? Buy a franchise to have a business or create your own concept for your business?
Its depends on many things. funds and experience to start own business. If some one have enough fund and patience than it is better to start own business, If some one start business in short period than franchise is better
 
Very hot is the whole process of starting your business and creating an idea to you trying to scale it up is a very tedious and long process. If I have the funds readily available I will definitely prefer to have purchase a franchise and I believe that will even be more straight forward.
 
Very hot is the whole process of starting your business and creating an idea to you trying to scale it up is a very tedious and long process. If I have the funds readily available I will definitely prefer to have purchase a franchise and I believe that will even be more straight forward.
Absolutely because I didn't think anybody like stress and if you are buying a well-established company you will do less job of building the company again because to an extent the market is established the reputation is there all you just have to do is build on it check the weaknesses of the company and act on it to make it better.
 
I was in talk with a businessman few years back, it was building a franchise together, but we did not come to a deal. Now his business is closed. If there was a good deal, we would have accepted it, but the conditions he had laid were useless.
Frenchise could be better for small business, but deals should not be made without both parties.
 
Its depends on many things. funds and experience to start own business. If some one have enough fund and patience than it is better to start own business, If some one start business in short period than franchise is better
Yeah the two things needed to start ones business which in my opinion is better is just the money and needed experience. You know with your own business as you start from the scratch you would be able to input your goals and objectives to get the dream business you really had wanted. but with franchise it seems you are under another umbrella you might be able to effect the change you had wanted in your business
 
Buying franchise to me is like helping another person building his dream. Why not start when with a little capital business of our own? No matter how small it may be now, I can still promote it to my taste. Apology to the advocate of franchise, but I always see them as people that don't really believe in their own dreams of making their own business greater but prefer to be hiding under the shadow of another successful business.
 
I was in talk with a businessman few years back, it was building a franchise together, but we did not come to a deal. Now his business is closed. If there was a good deal, we would have accepted it, but the conditions he had laid were useless.
Frenchise could be better for small business, but deals should not be made without both parties.
Of course if there are no deals or agreement you can't franchise. I also believe that franchise is good for bigger businesses but the most important thing is for you to have the exporting please to enable you do visibility studies and come up with recomendations to guide you before you sign of the deal because if a person is willing to sell his business there must be reasons why he is willing to give it out both positively and negatively.
 
Business idea comes from the mind if you want to have your own brand it is important to start up but once you will see an already made business which is going in the same direction with what you want to open it is important to have a franchise as it is saying that the profit is what you're looking for.
 
Yeah the two things needed to start ones business which in my opinion is better is just the money and needed experience. You know with your own business as you start from the scratch you would be able to input your goals and objectives to get the dream business you really had wanted. but with franchise it seems you are under another umbrella you might be able to effect the change you had wanted in your business
I am agree with you when we started own business we have much free dom. But this freedom have cost. Our small mistake may ruin each and every thing. One more with own business, for earning we have to wait for long time because no one business give us earning from the very first. If a select franchise, we may have not freedom but we get market, so it make our work some easy
 
Generally, creating a new business is the better idea, however, we cannot neglect a host of factors that play a major role in this case. For one thing, there might not be enough capital to start up a business. Also the registration process and the paperworks needed to fill out can be stressful. In such cases, a franchise might not be out of the question.
 
Buying a franchise is more better than creating a new business because the market for franchising is already there one just need to key in and start making good profit building or creating a new business takes time to start yielding good profit and it also come with so many challenges that must be overcome
 

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