Franchises


K

KBT

Hi

Is this group the place to discuss franchises and if they are a good
idea
or not?

If not, any idea which group would be?

Ta.
 
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T

tim

KBT said:
Hi

Is this group the place to discuss franchises and if they are a good
idea
or not?
I imagine this is the place if you are asking about the
general concepts.

tim
 
D

Daytona

KBT said:
Is this group the place to discuss franchises and if they are a good
idea
or not?
Strangely there doesn't appear to be any UK group dedicated to business.
uk.business.accountancy's charter forbids such discussion so this is probably
the nearest.

Daytona
 
S

Steve

Hi

Is this group the place to discuss franchises and if they are a good
idea
or not?

If not, any idea which group would be?

Ta.
What do you want to know, ask the questions and see the result.

I have never had a franchise, but have had been in business 10 years and
looked at franchises now and again to see what it was all about.

Some really unqualified thoughts in no particular order:

If the idea is that good , why pay to get into it - just do it.
If you are a business novice, you pay for someone to hold your hand.
Beware of con artists, if it was easy everyone would do it.
Have you got the balls to work for yourself?



It comes down to an example picked from a business I saw today:

Wheelie bin cleaning

Concept
Wash people's wheelie bins

Who will be you customers
Suprisingly, some people do seem to want their bins washed!

What would a franchise give you
Acess to the tools of the trade - they tell you where to buy the van
Some sort of advertising package - they advertise nationally and pass
leads to you.
Advice on pricing.


So , if you have the money - a franchise may give you the backbone of a
business on a plate, but you still need the work ethos to succeed.
And with savvy of your own, the money might be better spent in the
business you want to start
 
M

Mark Carter

I have never had a franchise, but have had been in business 10 years and
looked at franchises now and again to see what it was all about.

Some really unqualified thoughts in no particular order:

If the idea is that good , why pay to get into it - just do it.
You're right - it is cheaper to buy the assets yourself than to buy a
franchise. On the other hand, evidence suggests that, as a group,
franchises fair better than most other businesses - so it can be a safer
route.

Probably one of the major problems is the preponderence of con artists.
I suspect that there is a lot of absolute crap on offer. Weeding out the
wheat from the chaff would be za major exercise.

And like you said, franchises can't replace personal ethos.

From a purely personal point of view, I don't think I'm cut out to run
my own business, either as a self-starter or a franchisee. So none of it
would be for me, anyway. That's just the way I am.
 
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K

KBT

Steve said:
What do you want to know, ask the questions and see the result.

I have never had a franchise, but have had been in business 10 years and
looked at franchises now and again to see what it was all about.

Some really unqualified thoughts in no particular order:

If the idea is that good , why pay to get into it - just do it.
If you are a business novice, you pay for someone to hold your hand.
Beware of con artists, if it was easy everyone would do it.
Have you got the balls to work for yourself?
Yes, I have actually. Have you the brains?
I've been doing it for nigh on seven years, but had heard of a couple of
franchises in my field and was just wondering.
Oh, and I was operating my business(es) part-time while still fully
employed for a good number of years before I went full-time.
 
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