Successful type of business

[chrischua]

We all know there are many types of business out there,
many business overlaps their methods with another better way of putting it.
Some retail, some distribute, some franchise, some network market, etc etc.

Successful gurus talk about one type of very successful method, uses by many all around the world, why?
Because it's simple, yet not easy.
It is Franchise!

Franchising has over 90% in rate of success when you start in any business prospect!
There are 3 MAIN factors for a franchise high success rate to happen:

1) Branding/Reputation

Follow a well-established brand in your choice in business, make use of it's brand and reputation in doing your franchise business.
Because of it's long years and well-recommended by 3rd party, it will be a very wise choice to use that particular brand for your business!

2) Proven Business formula

Every business franchise will pass on a secret formula used by the primary business.
It has been proven to work, it has been proven to be successful, USE IT!
Follow it seriously and use it wisely!

If it asked you to use a certain ingredient to make a burger, follow it, and don't anyhow add unnecessary ingredients which are not needed.
Follow it and you can make delicious burgers, or you'll end up creating a weird tasting burger because you added weird ingredients.

3) Cost of Starting

Different business needs different capital.
All business NEEDS CAPITAL!

A normal business, including setting up of inventories, employee cost, rental cost, etc etc.
It can easily adds up to $300,000!

Yes it's expensive, but the impact and result, building up to high success!

**

There are many business out there, which have Branding, Proven Biz Formula, and low cost of starting, will you make use of this opportunity?

Your success life is like a piece of jigsaw puzzle.
Your surrounding has many many pieces, but you don't know how to start.

Now if you're given a piece of picture of your jigsaw puzzle and instructions how to build it, will you take up that offer?

See Robert Allen's report in my signature and you'll understand why a multi-millionaire like him became a spokesperson for a company he chose to invest into.

Remember your life will change if you're willing to let yourself change and step out of your comfort zone.

Cheers,
Chris Chua

[1mikeelliott]

Some good points Chris, it is well known to seek out a successful
system or mentor and copy. Most here are involved in IM because
of the healthy pricetag of well branded franchises. Keep it simple.
Stay well, Mike

[chrischua]

Yeah, I was at a seminar talk by Adam Khoo ( Do you know him? He's a Singaporean who made his 1st millionaire by 26! Impressive dude! ).
Anyway, he gave this talk on how to become successful in mind and real-life. And hit on a point in franchising a good company, it's a very healthy and safe route for high success rate in business.
I guess it works the same in IM as well, work smart choosing the right system and learning the process is all we need for franchising.

Cheers,
Chris

[igorhelpsyousucceed]

For more successful business insights
read The Purple Cow by Seth Godin.

Igor