hi all!

I have saved up an amount of savings and would like to venture into business. however, I have no experience in business and from what I have read, franchise gives me the experience but in a controlled environment (with guidance depending on which franchise). I read that mc donalds have a good franchise programme. I'm afraid without business guidance I will fail which is why toying with the franchise idea.

another issue I would like to clear out is, what is the ROI like considering the high amount of capital I have to put up and also funding I have to take loan. I haven't asked PNS what the exact figures are for capital n funding of the various franchise. just a ball park figure would be ok.

would really appreciate if anyone with experience in owning a franchise, give their opinion.

yeah. of course. franchisor will always make money from franchisee. but it is a win-win situation, the way I see it. the person investing follows a a proven track-record of services and get profit. and the franchisor is relieved from the burden of investment and risk from all the outlets. but I guess like any investment, lower risk(just follow a system), lower yield(pay franchise fees etc).

but I'm considering because I don't have much business experience. I take it as a practical MBA course. however, would still like some sharing of experiences from people who own a franchise.

I'm not so sure I understand the made-in-Malaysia franchise term but I believe any famous franchise would be ok because they have a proven track record. mcD, KFC, burger king maybe? those are the ones in F&B but any other experience from different area also welcome. for now still open.

really? I understand no profit probably for a while to pay off the loan. but to say no profit unless have 2-3 outlets is too much. it might not be a lot but I'm sure there is. nvm, I'll just go and meet the several franchisors and let them give me some calculations.

but I hope anyone with a franchise store can share their experience.

well, I have never seen a mcD that isn't busy with customers. n they are known to have a good training program. after going through their website, u only need 30% of the total cost n the rest will be from loan. so the cheapest according to the mcD website it 1.5mil n that means 450k cash. n ur required to be a full time 'on-site operator'.

I'm not sure about other franchises tho'. I'm only toying with the idea for now. doesn't really matter which area as long as it has a proven record and also a good training program. like I said, it would give me a chance to go into business but with a proven system. I could always just invest the money but something about having ur own business appeals to me. however, I notice that not many share the same view about it. maybe I'm missing something.

thanks everyone for the valuable input although some information are not entirely correct like the amount of cash needed and whether a bank would finance. the truth is that u only need to come up with 30% like I said which translate to min rm450k n the rest can be financed by PNS. in my view why not everyone that do have the cash do it is because the strict requirement to follow their system which is also the reason of their PROVEN TRACK RECORD. nothing is guaranteed obviously but again, have u seen an empty mcd even in rural place? back to the strict requirement of the system, it requires the franchisee to undergo a 1 year training before opening the outlet n also the fact that the person must be a full time store operator. this is true at least for mcd, says so in their website. so the things I must consider is whether I am willing to own the store as a 'career' unlike other investment which become a 'part-time' commitment.