ENTREPRENEURIAL OPPORTUNITIES vs. FRANCHISE OPPORTUNITIES

ENTREPRENEURIAL OPPORTUNITIES vs. FRANCHISE OPPORTUNITIES

ENTREPRENEURIAL OPPORTUNITIES vs. FRANCHISE OPPORTUNITIES

After the discovery of franchise opportunities, the entrepreneurial opportunities have greatly differed. Franchise opportunities have changed the way the businesses operated in the past. Before we further analyze the given topic we must understand as to what is the basic point of differentiation between business and franchise opportunity for any entrepreneur.

Business opportunity vs. franchise opportunity

A business opportunity simply helps the entrepreneur to start a business. As soon as the business is started, the entrepreneur is on his own, he has to make the decisions and things himself. He does not have anyone to help him or suggest him anything. On the other hand, if a franchise is opened it brings in a compact partnership between two people or between the franchise operator and the franchising company, and as both of them are stake holders they both have a part in decision making. The partnership continues till the end of the franchise operations. This is just a little example of the difference between two, other differences are explained well in detail below. Franchise business brings in lot of opportunities for the people who have little capital but have high hopes. These people can make use of their good analytical skills and get the maximum return through franchise operations. Many of these people with low capital chose to start off their own personal enterprise while few invest in a running business and maximize their profit. The people who chose to invest in an already established enterprise have whole lot of opportunities and two of them are the franchise operations of the business operations.

Although for a lay man both franchise operations and business opportunities are similar but there is a whole lot of difference between both of them. There is a crucial difference between both of the type is very important as it can easily make a running profitable business into a disaster.

What is a franchise?

Whenever we read or hear the word franchise, many things come into our mind. A lay man may take it as a branch of an enterprise but in reality it's much more than a branch. Many people have given different definitions of franchise but a simple definition could be that a franchise is a kind of business in which the franchise owner has the authority to sell the parent company goods in a defined area. When a businessman opens a franchise, he has the ownership of the business and its infrastructure. Along with the ownership of the business, one gets the name of the parent company as well. It is also one of the possibilities that the franchise owner may have the monopoly to sell the company product in a defined area. It's not possible that the franchising company gives people so many rights and does not ask for any return. So in return they ask for fees which are usually called upfront charges. These charges include all the services which the parent company ...