Advantages of choosing the franchising business model

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A good business model offers the advantages that do not only help a company sustain itself but also promote ways to generate enough revenue to succeed even in the most competitive environment. Franchising business model is one of the most popular methods that have helped many companies conquer the global market. The likes of McDonalds, 7-Eleven, and Starbucks are just some of the planet’s most popular franchises. They have grown so big that became public companies and staples to many offshore investments.

Basically, a franchise is an official agreement between two parties: the franchisor (owner of an established brand with an already proven business format) and the franchisee (pays the rights and license to use the brand and its related operations), where both enjoy the benefit of this proven and tested business model.

There are several reasons why entrepreneurs and business owners prefer this particular business model. Here are some of them:

  1. Business growth and brand expansion

Entrepreneurs who have already succeeded in establishing a brand and an effective business format can further grow their ventures through franchising—and the good thing about this option is they don’t have to spend their own money in order to do so. This is probably the most cost-effective way to build “branches.”

  1. Reduce risks and possible failure

Since the franchisee is the one who provides the initial capital, franchisors don’t have to be afraid of possible failures in the first stages of the business since it’s now the former’s job to make sure that they generate reasonable revenue? The franchisee’s success is also the franchisor’s, and the other way around.

  1. Offers beginner-friendly business ventures

Franchisees don’t have to obtain a business degree nor an extensive business experience to run a franchise. All they have to do is to consult the franchisor’s fail-proof and already-tested business model as their guide. Depending on the type of business, trainings can last from a few weeks to a few months.

  1. Provides several business options for franchisees

The franchising business model is applicable to almost every type of business venture. With this, you can choose from a variety of options of products and services depending on preferred business interest. Brands can range from small booth-type food stalls to internationally known hotel chains.

REPOST: Architecture in 2018: Look to the streets, not the sky

This year, how will contemporary living influence architectural styles? Will the importance of public spaces be more emphasized? Here’s an interesting read from The Conversation:

In Los Angeles, the architecture firm KTGY is repurposing shipping containers to build a transitional apartment complex for the homeless. KTGY

A decade after the global economic collapse, urban development is booming.

This is good news for architects. Indeed, 2018 promises to be a favorable year for the profession: A spectacular array of sleek museums, posh hotels and some of the world’s tallest towers are slated for completion.

But income inequality is on the rise in the United States, with many city dwellers reaping few benefits from the current economic upturn.

The same could be said for the colossal scale and visual theatrics of high-profile buildings. Residential towers for the super rich are transforming the skylines of cities and public spaces are increasingly being privatized. As a result, cities are being shaped according to the desires of the elite.

This is particularly troublesome as many cities are also grappling with the ongoing politics of austerity – less and less investment in public services, infrastructure and public housing. Yet some architects have dedicated themselves to addressing these very problems.

The architecture of social engagement – the idea that buildings should address inequality and improve the lives of all dwellers – first started gaining steam during the Great Recession. It’s important to continue moving this work out from under the shadows of the glossier buildings that tend to receive the most media attention.

Three projects to be built in 2018 – a library in Brooklyn, a low-income housing project in Chicago and transitional housing for the homeless in Los Angeles – demonstrate architecture’s unique power to build, sustain and forge communities.

Read more HERE.