This article is extracted from Albert Kong (CEO, Asiawide Franchise Consultants)’s 45 minutes presentation when he was invited to be the Keynote Speaker by Mr. Chu Hong Minh, (Founder, Restaurant Association of Vietnam) during the ASIA Food & Beverage Summit 2021 event. The title of this article is “Being aware
I have been thinking hard these days…, if I were to meet “me” three years ago, what advice would I have given myself? The point that seemed to impress me the most is that entrepreneurship is like taking an exam. There are many multiple-choice questions. If you have made a
Let me begin by using one of the paragraphs in HSBC’s ASEAN Connect webpage: The last 50 years has seen a transformation of historical dimensions as the nexus of global activities shifted towards Asia. The magnitude of this seismic shift in economic authority towards Asia is on par with the
1. Financing – Planning of Funds Because of the rush to get going (to fulfill their entrepreneurship dream), some prospective franchisees, in order to raise money to join the franchise, even resort to getting loans (other than banks) at all costs. Once the shop is opened, even if the business
As I have said in the many presentations I have made in the last 30 years (I have spoken in 47 nations in over 300 occasions) concerning franchising, it – franchising — will spread like a wild fire and more and more countries will embrace it..; now all the more
As the economies in Asia (with a number of them having vast populations of young people) continue to grow vis-à-vis the matured economies in the Western hemisphere, it is quite natural to say that Asian brands, food and beverage (F&B) brands in particular, are becoming more and more popular in
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