Why does it take an entrepreneur so long to decide if franchising the business is the right strategy?
Why does it take an entrepreneur so long to decide if franchising the business is the right strategy? Hey, how are you today? This is Butz Bartolome, and here's one very, very interesting question. Why does it take an entrepreneur so long to decide if franchising the business is the right strategy? You know, it's very, very common. I've seen a lot of entrepreneurs who really want, who really want and desire, and who really are gung-ho about franchising the business. But I say, stop it, stop it, and and hold on. The excitement is there but think about it. Number one, are you confident about the business? Is the business really providing pain-point solutions for your customers? Who are your target customers? What is the concept really all about? Is the concept very profitable? How long have you been operating your business? The next is, how can you support your franchise. If, for example, you have three or four company stores, are you supporting it well? Are you treating those branches well? Have you really identified and identified the core competency of your business? Haste makes waste. Again, the fear is there because, really, for the franchisor or the entrepreneur, it's like a parent who has really nurtured the business and grown it through, you know, blood, sweat, and tears. But again, don't let the opportunity pass. I know there are a lot of people who are going to inquire, knocking on your door left and right, neighbors, and customers. Again, think about it. Is franchising for you? Give me a call. I'm here. Visit my website, gmb.ph. Bye-bye. #Entrepreneurship #Franchising #BusinessStrategy #DecisionMaking #GrowthMindset --- Support this podcast: https://podcasters.spotify.com/pod/show/armando-bartolome5/support
