It's Your Time! ? Of Micro Loans and Micro Franchising
Posted on 9/4/2012 at 1:13:42 PM
Who says franchising can?t work in a small Third World country or in an economically depressed state where people only make one to two pounds each day? I really believe business programs can perhaps work in these areas if they maintain Asia, the Center East, former Soviet countries, Indonesia, Latin America, the Caribbean, or Africa. You see, there are typical kinds of micro-investments planning these places to greatly help people start businesses of their own.Franchising works best as the program to move these types of small businesses. With the inflow of microloans, and an easy confirmed process, people can be create with little companies which can offer themselves and their loved ones. As an example, think about the company of moving people place to place on rickshaws? Each one of these transportation devices can be bought for a couple of hundred pounds, but someone who makes only $1-$2 a day, and spends many of that income on food, can never be able to save what is needed to buy the device in the first place.However, if they are offered a way, and financing to buy a, and are backed by someone who understands the business, just like a franchisor, who in turn gets a small proportion of the profits (royalties) then tens of thousands of these people can be set up throughout the nation; any nation or any third world state to achieve this. Micro-franchising with microloans at the micro economic Third World level is wholly possible. We should be doing more with this, and scaling down something of business which has been highly verified in a wide variety of situations and places across the world.It is my argument that franchising may fix Third World economic issues aside from tradition, religion, contest, as well as government structure. It is free-market capitalism at its most useful, at the bottom level and it is proof positive that free-market systems will make a distinction through franchising. Let?s all work out how we are able to provide the planet straight back up to and including higher level. Please consider all this.
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Source: http://itsyourtimetosucceed.com/?p=62492
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