Business owners and entrepreneurs alike are always eager to talk about their journey to the top, their areas of expertise, and even show a willingness to share their experiences and the working model that has been proven successful to them and countless others in their network. Whether it’s Ray Kroc who joined McDonald in 1955 as a franchise agent, and eventually bought the fast food chain from the McDonald brothers. Or Fred Deluca, co-founder and president of Subway and William Rosenberg who created Dunkin’ Donuts, their stories are almost identical. The desire to describe to “want-to-be” franchisors how they conceptualize the idea for a franchise is always present. They incessantly provide detailed account of the step by step process of the planning stage, and finally how they got to the implementation phase of their franchise. This blog post, however, is different and unique. I am taking the initiative to explore and discuss a concept for a franchise that has been discussed by many but has yet to come to fruition. Therefore, my question to readers is as follows: can a good entrepreneur find an excellent concept for the next Caribbean franchise?
First and foremost, before starting any business venture, an entrepreneur has to get all his/her ducks in a row. In this instance, it means having the right expertise, enough capital, and family support before hitting the ground running. Subsequently, you need to create a protype for your business concept? For answers to this question, send me a DM on Twitter
Better yet, join this conversation by leaving a comment directly at the bottom of this post.
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