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Wednesday, June 28, 2006

Failing in your first Franchise Business

Be very glad that you had the opportunity to jumpstart a franchise business where not all people has the chance or the courage to do it. Definitely we will continue to fail, fail, fail... and eventually succeed.

Failing in a franchise business willgive us the opportunity to realize 3 important lessons in owning and managing a franchise enterprise:

  • the use of proper media
  • the importance of a plan B
  • relationship between your time and start-up
  • Dont underestimate / overestimate the market


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