What should i major in for owning an existing franchise or starting new business?

Discussion in 'Starting a Business' started by Kevin10, Nov 5, 2012.

  1. Kevin10

    Kevin10
    uix_expand uix_collapse
    New Member

    Joined:
    Nov 5, 2012
    Messages:
    2
    Likes Received:
    0
    My plans for the future are most likely going to involve buy an existing franchise like subway for example, what would be a good idea to major in when i go to school? would it be different if i started a brand new business?
     
  2. myQRad.com

    myQRad.com
    uix_expand uix_collapse
    New Member

    Joined:
    Nov 5, 2012
    Messages:
    1
    Likes Received:
    0
    Management or Entrepreneurship. Both of these majors will offer valuable coursework for your future endeavors.
     
  3. Justinjude

    Justinjude
    uix_expand uix_collapse
    Member

    Joined:
    Oct 18, 2012
    Messages:
    57
    Likes Received:
    9
    If you want instant profits then take up a franchise or else if you have plenty of time in your hand, then you may start a new business. Setting up a new business right from the scratch takes both time and effort. Managing a franchisee is much easy as compared to start a new business. But, the profits and reputation that you will get with your own business can't be adopted by taking up a franchise.The choice is yours!
     
  4. sigma

    sigma
    uix_expand uix_collapse
    Active Member

    Joined:
    Aug 31, 2009
    Messages:
    1,944
    Likes Received:
    283
    Franchises is good if you lack of knowledge on the business, you can learn from them and it is easy to gain customer. The disadvantage is that you need to pay big money to them and you gotta pay certain percent of the gross profit monthly
     
  5. Fergal

    Fergal
    uix_expand uix_collapse
    Premium Member
    Premium Member

    Joined:
    Nov 18, 2007
    Messages:
    10,575
    Likes Received:
    1,164
    Are you going into second or third level education Kevin?
     
  6. 2misi.com

    2misi.com
    uix_expand uix_collapse
    Member

    Joined:
    Dec 18, 2012
    Messages:
    124
    Likes Received:
    9
    Buying a franchise absolutely different from making a new brand for a product. On franchise matter usually they had their own system and regulation for further study over the business.
     

Share This Page