Generic Drugstore : Affordable Investment, Great Profit
The demand for affordable and quality medicines along with the government’s efforts of lowering its prices paved the way for aspiring entrepreneurs to venture into selling generic medicines.
Generic medicines are always less expensive. It cost about thirty percent to eighty percent lower than the branded medicines. Quality and efficacy of generic medicines now are guaranteed by BFAD. Thus, it means more choices and great savings for consumers. This is indeed a big help for those taking several medicines on a daily basis.
The Food Cart Business and Franchising
Ease of set-up, low capital requirement, and high chances of success are making food carts the business of choice of many aspiring entrepreneurs. It's also cheaper and easier to put up than restaurants.
In fact, even big fast-food chains are using food carts for their events or promotions. Another reason is that depending on your target market and marketing strategy, you can make a food cart either mobile or stationary. There's also no industry standard for cart size, material requirements, and design, although food carts must use certain basic food-service safety materials. Read full entry
Franchise Startup Myths
So you’ve got the bug to start your own business, but you are hesitant to start from scratch. Purchasing a franchise may be a good move for you, but beware that you do not fall victim to the “Top 8 Franchise Startup Myths” that catch many entrepreneurs off guard.
A franchise, just like an independent small business, can fail. Success depends not on the franchise name and size but on the business savvy of the franchisee. So, to help you decide if becoming a franchisee is the right decision, let’s dispel the following eight myths about purchasing a franchise.
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