every instituion has asked to read terms and conditioons and everyone has no time to read and accept the terms and conditions of every institution. This is the main reason that one cannot get success.
It's a very good article on franchising and I do commend it. It, the regular Corporation/ Company type and Network marketing constitute the three types of business systems.
Each has its own advantage but I am not sure whether this article has touched on the issue of real estate ownership and its transfer in case of a franchise.
The point is, in many of the contracts between the franchisers and franchisees, while the franchisee purchases the land on which the franchise comes up, th terms and conditions of the contract make it clear that it is the franchiser who would ultimately have the control over the piece of land where the store comes up.
Ray Croc the man behind McDonald's once told an MBA class in the US that real estate and not selling hamburgers was not his real business. That's why McDonald's today owns the maximum number of prime real estate in the world. [Please see Rich Dad, Poor Dad by Robert Kiyosaki]
Any petrol pump owner can tell you that the contract with the company be it Reliance etc. virtually hands over the owndership to the company.
Network Marketing is better & cheaper if it has a good trg. & leadership development programme.
RE:Earn millions via franchising
by bharath on Dec 26, 2006 06:07 PM
good reply, here is my address.i can understand who reads rich dad and poor dad,and how wisely he is making money. i have read myself on recomdation from my friend, just wondering are you in business. pls reply. bharath reddy
What an article. One of the finest ones, giving out absolute information for someone wanting to venture out on his/her own. Good work. I have always marvelled at rediff.com for coming out with absolute relevant articles for readers at the right time.
