We sit with seasoned business owners who've navigated the complex waters of franchising across Southeast Asia. The conversation dives deep into:
- The evolution from traditional business models to franchise success
- Real-world challenges of managing overseas franchises
- Why being "too rich" might actually hurt your franchise chances
- The surprising truth about licensing versus franchising
- Critical factors in franchise partner selection
Featured Guest:
- Brian Ng Co-founder Clippers & Smoovee Skin
- Wendy Foo, MD, Ryan’s Grocery; An established business owner with 22+ years of experience who transformed a family-focused venture into a successful franchise operation across multiple Asian markets
Whether you're a corporate professional looking to break free or an entrepreneur exploring franchise opportunities, this episode offers unfiltered insights into what it really takes to succeed in the franchise business. Learn from both triumphs and failures as our guests share lessons that could save you years of costly mistakes. This in-depth discussion strips away the glamour of franchise ownership and reveals the practical realities of building a sustainable franchise business. Don't miss these actionable insights that could shape your franchise journey.
What We Discuss:
- 01:45 - How do you decide what to focus on next after the success of Clippers?
- 08:00 - Switching to pay-per-visit changes cash flow - how do you manage this?
- 16:57 - How do you select franchisees, and what does it take for someone to join your brand?
- 19:33 - How can franchisees trust you'll prioritise their success with multiple revenue streams like own shops, licensing, and consignment?
- 21:03 - Why focus solely on franchising instead of a more flexible approach?
- 28:23 - Is it common for Singaporeans with startup capital to work with your brand to expand into markets like Malaysia or Vietnam?
Episode Resources:
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