One of the cardinal questions an entrepreneur would consider on starting a venture is whether to do on his own, to get partners, or to franchise? Franchise is an ever popular option, and not only can get you started in the right direction, but will be able to save a lot of potential pitfalls in the business.

Of course, if you are an established business, one way to grow it is also to franchise it out.

From statistics, it does seem that the failure rate of franchise is lower than those people start up themselves.

Prof Cornwall presents a great writeup on its pros and cons….

This is a favorite of mine on Aesop. Aesop’s fables, for all its simplicity , amazingly is a good source for stories in teaching management and life values.

“There was once a mouse who approached a lion. “Lion, ” , the mouse says, ” I have had difficulty running away from beasts who want to eat me. Are you ok if I just live atop your head. I am light, and you will hardly feel it.”

As days passed, he started to regain in confidence, when at length, he started to feel Read the rest of this entry »