Considering all possible options for starting a business, the possibility of acquiring a franchise comes to mind. Not many people wonder what lies behind this intricate concept. We will tell you about the advantages, features and disadvantages of this form of doing business.
The acquisition of a franchise, as an opportunity to open a company, has long been appreciated in many countries. And not without reason, because the development of any new company requires a lot of effort before it is possible to win the attention of consumers. Having your audience, a well-recognized and well-promoted brand, your company will function normally and bring decent profit for at least five years. Such indicators are confirmed in 80 cases out of 100, which is more attractive than losing a company in a couple of years, like most companies starting their development from scratch. Continue reading
A few comments from Sergey Belousov, a well-known entrepreneur, about the mistakes of people who start startups.
– The first mistake: “we all know ourselves.”
The other day I met with a startup who asked for investments. When its founder told me that he knew exactly where and how he would develop, I asked how old his company was and what its turnover was. He replied that six, and this year they plan to make $ 1.2 million. Do I need to comment on his words somehow? For so many years, a person who “knows everything” has not achieved truly serious success. Where is the line that separates the confident entrepreneur, whom we, as a fund, want to see in front of us, from self-confident and stubborn? Frankly – I do not know, this is “chemistry.” But I know for sure that even people really wise by experience understand one thing: they don’t know much and they always need to learn. And even more so, Continue reading