Disclaimer: I start this blog post apologizing to people from franchising. Please, don’t be offended by what I’m about to say. Sometimes, I can be a little exaggerated.
Well… As you know, there are many business models: Production, Distribution, Retail, Franchising, and others. One of these models confuses me, but that’s probably something in my head. I’m talking about Franchising.
Let’s look at this real example from Franchise Opportunities:
Open a FRESH – Healthy Café Franchise
Are you tired of today’s unhealthy fast food culture? Well, so are we, and we’re doing something about it.
FRESH – Healthy Café is an international brand and the global leader in the rapidly growing quick-serve healthy food industry.
Minimum Investment Required: US$100,000
What the ad really says: Pay (at least) $100,000 from loans, to manage a business that will offer you monthly emails about how to do run your shop and how to do things. They’ll tell you the services you must provide and the t-shirts you must use in your “own” business. If you need to hire staff, talk to them first, so they can define who you’ll hire. If you have any doubts, don’t hesitate to contact them, because – truth be told – you will have to do it anyway.
- If everything goes well, congratulations! You just bought yourself a new job. Oh! Don’t forget that there are minimum goals and monthly billings.
- If it doesn’t go well, there is no problem. They’ll take away your shop and sell it to someone else. But don’t worry too much: you have the right to keep your loan (AKA a hole in your bank account).
Not every Franchise will be work like that, but I believe that this is not an appealing opportunity. Not, at all.
Before accepting this kind of deals, think. See if it’s worthy and if it isn’t you always have the opportunity to create a business that truly belongs to you.
I don’t want and don’t like to harm myself. But, if in the future I open a Franchise, yes, you can come right here and slap me in the face! I promise I’ll forgive you.