What are the pros and cons of joining an existing cafe franchise vs starting out on your own?
You can check the answer of the people under the question at Quora “affordable coffee shop franchise philippines“
What are the pros and cons of joining an existing cafe franchise vs starting out on your own?
You can check the answer of the people under the question at Quora “affordable coffee shop franchise philippines“
When evaluating the pros and cons of franchising vs opening you own cafe, you need to look closely at your start point, because the weight value of each point will be significantly altered by your starting position.
As a person who has started over 15 cafes in Australia myself and who has studied the offers of my competitors for over 25 years, including the local and global franchise chains, here is what I think are the key pros and cons to consider when making this decision – What are the pros and cons of owning a franchise as your first business? [ https://www.quora.com/What-are-the-pros-and-cons-of-owning-a-franchise-as-your-first-business/answer/Peter-Baskerville ]
Here is a summary of that article:
I have met people who joined a cafe franchise and remain happy with their decision in the long term, others were happy at the start but eventually grew tired of the system and opted out (but learned a lot about business and cafes while their were part of the franchise), while others I have met were simply not interested in even entertaining for a moment, the franchising option.
So the start point I referred to earlier has a lot to do with your personality, your goals, your previous experience and your available resources. To successfully open a cafe on your own, I would expect you to have had extensive cafe and small business experience with a good understanding of entrepreneurial process in starting and building a business. If not, then perhaps the franchise option is best either as a long term commitment or as a short term way to get the experience you need to eventually open your own.
Here is the personality profile that I think best fits the cafe franchise model:
* no experience in starting or managing a cafe
* management of others in corporations is your only work experience
* you like the idea of being their own boss but are entirely risk averse
* you have significant capital that is way beyond what is required…