Franchise or Own Brand?

[freelancermaria]

If you are a business owner, would you want to franchise or create your own brand? I'm not sure which one to choose if I ever start an offline business. Each has both advantages and disadvantages.

 

[eLdavis]

For me I want to create my own brand. at the moment I have already started doing this. Let's see where it leads me.

 

[freelancermaria]

For me I want to create my own brand. at the moment I have already started doing this. Let's see where it leads me.

That is nice. I wish you the best of luck, eldavis!!! I am rooting for you!!!

 

[Suba]

Of course, when running an offline business you have to consider your capital, skills and experience. If your skills will support your own brand, then you can start your own business. If you are successful, you can become a franchisor. But if you are just a beginner, it is better to buy a business franchise.

 

[Augusta]

I will go for my own brand.Yes, it might not be easy but I would love it that way so that I create a brand for myself

 

[King Belieal]

Getting to own your franchise is the best but the only thing is that it is more expensive than getting to pursue owning your own brand. But in the long run, it is cheaper. It is the initial set up costs that deters entrepreneurs away from getting their own franchises.

 

[Puroypoi]

For me, own brand for there are less fees to be paid, you can save the so called, Royalty fees, and other monthly fees due to the Franchisor.

 

[Stardom22]

For me l may go for the franchise. This is because it's very difficult and time consuming to develop your own brand from the scratch.

 

[freelancermaria]

Of course, when running an offline business you have to consider your capital, skills and experience. If your skills will support your own brand, then you can start your own business. If you are successful, you can become a franchisor. But if you are just a beginner, it is better to buy a business franchise.

That is absolutely right! Starting a business requires careful consideration of various factors, including those you have mentioned. For a new entrepreneur, it can be quite challenging to launch their own brand, but some people prefer it over franchising. Ultimately, it all comes down to personal preference.

Post automatically merged: Mar 18, 2024

I will go for my own brand.Yes, it might not be easy but I would love it that way so that I create a brand for myself

Many individuals choose to start their own brands because it provides them with a unique set of advantages. For one, having your own brand allows you to have greater flexibility in terms of decision-making. You have complete control over the branding, marketing, and whatnot, which means that you can personalize them to suit your individual needs and goals.

Post automatically merged: Mar 18, 2024

Getting to own your franchise is the best but the only thing is that it is more expensive than getting to pursue owning your own brand. But in the long run, it is cheaper. It is the initial set up costs that deters entrepreneurs away from getting their own franchises.

Franchising is easier than starting your own brand, but it comes with royalty fees, etc. However, if you do not have any prior experience in terms of managing a business, you can go for it.

Post automatically merged: Mar 18, 2024

For me, own brand for there are less fees to be paid, you can save the so called, Royalty fees, and other monthly fees due to the Franchisor.

Yes, owning a brand is less expensive, and you get to be innovative/creative when you start one. You do not have to pay expensive royalty fees.

Post automatically merged: Mar 18, 2024

For me l may go for the franchise. This is because it's very difficult and time consuming to develop your own brand from the scratch.

If you do not want to spend your time creating your own brand, you can franchise a business you like.

 

[Fidelia]

When you buy a franchise, your business kicks off on the first day you open it. You don't have to start building trust with the market since your franchisor has already done all that. You would just need to start.