Who says franchising can?t work in a small Third World country or in an economically depressed land 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 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 an easy confirmed program, and the influx of microloans, people can be create with little companies which can offer their families and themselves. As an example, think about the company of transferring people place to place on rickshaws? Each one of these transportation devices can be bought for a few of hundred pounds, but someone who makes only $1-$2 per 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 hundreds of thousands of these folks can be create throughout the nation; any nation or any third world state to get this done. Micro-franchising with microloans at the micro economic Third World level is wholly possible. We should be doing more of the, and climbing down a system of organization which includes been remarkably proven in so many different conditions and areas round the world.It is my contention that franchising can solve Third World economic dilemmas irrespective of culture, religion, race, or even government construction. It?s free-market capitalism at its best, at the ground level and it?s proof positive that free-market systems could make a difference through franchising. Let?s all figure out how we could bring the world back up to a higher rate. Please think over all of this.
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Source: http://medalyon.com/of-micro-loans-and-micro-franchising/
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