i want a business, should i franchise or make my own brand?
@shangsyndrome (814)
Philippines
January 29, 2007 8:39pm CST
i wanna be inline wiht a food business. i thinks thats the easiest most profitable business now a days. i believe everyone requires and needs food to survive. but i just cant decide if franchising is better than creating my own brand.
i knew that franchising requires more capital since we need to pay for their name, royalty fee & franchise fee. but the good advantage is they are already well known.
but then i still think that making my own brand can make way for a new succesful me in this business. atleast i can even save on capital since i dont need to pay on anythign.
im so confused. i want a business. i just cant decide. can you help me? please justify your choice. ill owe my success to everyone here. thanks alot:)
1 response
@shiela15 (286)
• Australia
30 Jan 07
Yes, involving a business like manufacturing is more preferable than service. Because the basic commodity of a person is food. I also love to have a business like that. Franchising is expensive as you said requires more capital. Starting or putting a business of your own needs creativity and entrpreneuralship skills. You gudluck to you. You can make it!
@shangsyndrome (814)
• Philippines
31 Jan 07
thanks alot for that..
im still weing things on what to do! :)