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Most of us dream about one day owning our own successful business, making a lot of money, and retiring to the sun. The trouble is, entrepreneurship is a scary and RISKY proposition!
Launching out on your own is difficult, stressful, and, unfortunately, more likely to fail than succeed. According to the statistic of ROC Malaysia, more than 80% of the SME fail within 2 years. Meaning 8 out of 10 people will loss their hard earn saving and even be in debt in 2 years!
This is exactly where the franchise business steps in. For a fee, anyone can buy into a business with a proven brand, tested marketing strategy, and loyal customer base.
BUT, can you afford the franchise fee?
The costs of franchises can run from a few hundred thousand, to millions! There's no use setting your heart on a franchise that you can't afford, is there?
Beside the high franchise fee, you will still have to take care of your rental, renovation, insurance, stock, monthly overhead (Electricity bill, etc) WITH YOUR OWN MONEY!
Even if you can manage to come out with all these initial costs by taking out all the savings, selling your house, loan from a bank or even loan shark.
You still have to pay royalties to these franchise company, no matter your business is good or bad!
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