Living Entrepreneurship Blog / Babson Entrepreneurs

Before Going With Franchises

Starting your own franchise is something that isn’t exactly for everyone. It is one of the many paths you can go down when you start your own small business or a startup, but owning a franchise may be a little scary to some people. There are many reasons as to why a small business owner may want to go into franchising but there are just as much, if not more, that you need to keep in mind and put into your calculations before you even decide to. You never know for sure if franchises are for you until you do all the calculations that will help determine if it is right or wrong for you. You need to ask yourself some very in depth questions regarding a franchise before diving in, such as what do you want from your franchise? Do you have what it takes mentally? Do you have the resources to handle it? Can you handle it physically? Is it really the best move you can be doing? Should you wait until a later time? There is a lot you need to take into consideration. It is no small feat for a small business to handle and you should spend many hours thinking and working the plan out in your head and on paper.

Danny Wong knew all this, but he decided to stick to his startups so that way every male and even female could have a one time stop for all of their dress shirt needs, both specialize in custom dress shirts. He is also managing an awesome website that is coming soon called REcustom.