What Are The Advantages And Disadvantages Of A Franchise?

What are the advantages and disadvantages of a franchise? Should you start a franchise? Or should you buy into one? Everything you need to know to answer those questions will be shared in this video by Dan Lok. Dan Lok has been in business for 2 decades and has become a multimillionaire entrepreneur over the years despite his background as an Asian immigrant.

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This video is about What Are The Advantages And Disadvantages Of A Franchise?

[KantiCreator]

Sir i’m From india im look you 1 year, im improve self confidence, and it’s very very helpful for my small business. sir good bless your my prayer heart full for you.

[drewsson]

"Luck is what happens when preparation meets opportunity." -Seneca

[FNFilmsPhotography]

Those kind of videos are pure gold!

Not only that I get better with my english (yeah english is not my mother language) your videos also bring up some more valuable informations about the business life!
Really really helpful & interesting!
Thank you!

[AlexanderKaatv]

I feel that Sifu can predict what questions are going through my head and uploads a video specifically to give me clarity on that one subject that has been bothering me.
Thank you Sifu for the amazing time you spend answering our questions.

[PassiveIncomeTom]

*Franchises are good but expect to have a lot of debt unless you have a the cash cushion to get started. Always do the research.*

[Erika]

Awesome video! Love how you broke the pros and cons down!

[jeffdorris]

The biggest problem with Franchise is that you have to buy all your products from there supplier. Also labor costs keep going up every year.

[Caviar]

My own thoughts are:-
1- try to create a thing, after learning alot of things for your own idea just create a small unit of it .. run it and try to make good profit
2- when you have alot of money then you can buy a franchise to generate money with less efforts and you can even sell your first thing that you’ve created so you can invest more in franchises

[davidthompsonfinance]

Excellent I have gained so much from watching your content and have way more confidence in business and self development.

[bertlarsen]

We just franchised our Fire safety division, restaurant system inspections, fire extinguishers inspections and exit lights.... This is a mandatory by law requirements. I'm excited to help people become much more than they are.

[rafizxDx]

I don't want to buy a franchise, I want to build a franchise. I want my business system be so solid other people would be willing to buy my business because they know they can make money with my system.

[liezlnaik]

I think franchising is better for newbies in business. To learn more how to run the system

[MDiNGG]

I have a franchise and can say Dan is absolutely correct. Do your research. I have 2 franchise cafes, in different locations and i can say location is very important. Also if you want to be flexible with your own ideas it is difficult because you have to do what the franchise says, although you dont have to think of the next advertising campaign, etc.

[shazilkhan]

Laser beam focus to 10M subscribers, We will stand with you dan no matter what.From india🇮🇳.

[juanmanuelesis]

Thanks to watching your videos (and from other people I discover thanks to you.) my go to strategy will be Real State or Buying a franchise.

[jeffbona]

This is the stuff we needed to learn in school - great video as always 🔥

[bryanjofficial]

I really enjoyed this video on franchises! The ideas were formulated very well and explained in a simple to understand manner. I liked how this video was conducted. Thank you for making this!

[easytrainingguides]

More gold nuggets from the King of the Gold Mine, 'The Asian Dragon' gotta love him!

[LouAnnBeuke]

Looking to buy a franchise with a solid track record here in my state in a rapidly growing industry. My goal is to one make more money and provide family with a business they know very well to succeed. The model is established, it will take work, commitment & perseverance to capitalize on the huge potential. I believe this is a better way to go with a greater chance of success than starting from scratch. All the elements are there, we need to make it work. We are meeting this week!

[luxurybuzz]

I know a family that owns 7 Jimmy Johns in the Quad Cities area between Iowa and Illinois. They're very successful.