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Tips for franchisees

There is thousands of franchising business concepts available in the market. However, it is never easy for prospective franchisees to identify the right franchise business for him / her, especially those with no or little experience with running a business.

For the new comers, it is recommended that they should approach a franchise consultant or intermediary for advices and assessment on:

  1. Potential risk on failing and succeeding, including factors such as finance, legal liability and time.
  2. SWOT analysis on prospective franchisee’s target brands
  3. It is important that franchisee shares the same value and business vision with the target franchise brand

Franchisees should have a realistic view on their own ability and prepare to work devotedly with franchisors to maintain good quality of product and services, so both parties will win.