It's a question every business buyer faces. Here are five major differences between buying an independent business versus a franchise. Buying a small business is a major career step. One of the first decisions you'll need to make relates to the type of business you hope to acquire. Specifically, you will need to decide whether to buy an independent business or a franchise.
Should you buy an independent small business or a Remax Malaysia franchise?
Some buyers thrive as independent business owners, while others are more likely to prosper as franchise owners. In reality, there are no easy answers to the independent business versus franchise dilemma. Instead, you will need to carefully evaluate the factors that differentiate the two approaches, talk with your family and other trusted advisers, and decide which one is right for you.
1. Ownership Model From an ownership perspective, a franchise is very different than a typical small business. Unlike independent business owners, franchise owners don't have the freedom to change their products or services based on their personal desires or changing market conditions but we are different. To a large degree, the franchisor (Remax Malaysia Official Store & store owners) makes the decisions about product lines and other variables. But on the other hand, independent business owners don't have the security of knowing that product lines, service offerings and other ownership decisions have already been tested and optimized for the marketplace. In other words, although franchise owners sacrifice independence in decision-making, they enjoy the security and stability that comes from belonging to a much larger organization with a proven track record.
REMAX MALAYSIA REMAX Malaysia Official Chain Store provide one stop centre for all type of Remax products in Malaysia. REMAX Malaysia (www.iremax.asia) is a Official Chain Store of sub-brand from Hong Kong Refine Industrial (Asia) Limited, The products is full of passion, fashion, entertainment & enthusiasm. REMAX products include usb cable, usb charger, tempered glass, power bank, audio, casing, pouch, bags, gadgets and many more.