Franchise A Viable Choice For Aspiring Entrepreneurs

For most, going into business is a major turn-point in life, especially after decades of working for others. One of the most painless way to enter into business is to buy a franchise. In franchising, a business synergy is crated. Franchises brought together under one brand can achieve things that is individual business people they could not do. Group advertising, buying power and sharing of ideas are some examples of what can happen.

Of course the issue of financing, business quotient (BQ) and other issue related to starting out on your own, remains. But with a franchise, your learning curve is cut short subtaintially, and obtaining financing is usually easier ( compared to other means of business). Good franchise also take some unpredictability out of equation. As you will be able to gauge success of the business through existing franchising and trial-and-tested operational system.

Where to begin

A good place to start hunting for franchise opportunities is at a franchise or entrepreneurship exhibition “www.aicone.com” , at such expo, you will have the opportunity to speak to establish franchisor, understand the requirement, and be able to shop for a franchise that best match your interest and financials goals.

Another good starting point is with the www.mfa.org.my Malaysian Franchise Association (603-26971557). In Malaysia, franchise are governed by the franchise Act 1998. Only companies that are registered under the Act are allowed to offer franchise in Malaysia- hence cutting down the risk of taking a franchise from a fly-by-night company.

Most franchise in Malaysia are consumer business, such as retail stores or restaurants and cafes. However, there are also franchise that are B2B, offering such divers services and products as training, courier services and consultancy.

Take the first step

Buying a franchise is not a 100 percent guarantee of success. By carefully evaluating yourself and the franchise you desire to purchase, the chances of success become greater.

However, as with most thing in life, if you do not even try to discover the option available you will get nowhere. Instead of asking the ifs and what over and over again-go and visit the “Malaysian Franchise Association”.