Buying a small franchise?
I’m currently 19 and working at boost juice shop in a shopping centre, I think opening one of these shops would be the kick start to my career so I was wondering:
1) What qualifications would I require (Business management ext.)?
2) Amount for a bank loan deposit in an average shopping centre?
3) Any good tips for starting my own franchise?
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Stephen said,
April 25, 2010 @ 2:27 am
Follow this link, you may have to wait ages for the site to download (I nearly fell asleep waiting). In short you need retail management experience & a lot of money.
http://www.boostjuice.com.au/#/franchising/international-franchising/
Internet Loser said,
April 25, 2010 @ 2:38 am
Obviously your in the US. But in the UK, all you need is a bank franchise loan, a business plan and some experience in that kind of sector. You wouldn’t need no qualifications, as you can take training while you are running the franchise with the chamber of commerce. They run courses and help on how to run a business and marketing as well. But, from the franchise point of view, they should give you all the info regarding marketing anyway, as well as how to keep accounts and price of stock etc.
But, it would be advisorary, that you invest your own money into it. Because it would look bad on you if you fail using a bank franchise loan.