Buffett summed up the experience of making money from investing in a lifetime: Investment success, as long as you can avoid making major mistakes as much as possible, investors only need to do few of the right things to ensure profitability.
Warlike people are invincible, and Buffett's philosophy is applied to brand franchises, which is to tell us never to make investments that exceed risk tolerance.
Art paint franchise brand selection
As a new type of high-end wall decoration product, art paint is gradually becoming a hot project for joining the building materials industry, but it is obvious that not every agent dealer can realize the dream of wealth and make a lot of money.
The key to the success of joining, in addition to our risk prevention, is also closely related to the maturity of the operation management system of the selected brand.
The reason why a brand can attract investment entrepreneurs to join, in addition to the brand trademark, is the rich operation and management experience of the enterprise, which needs to be exported to the franchise store through a complete set of systems.
If the brand itself does not have the experience of successfully making money, how can it guide the franchisee to make money?
Therefore, to determine whether a brand has a mature operation management system, the number of stores is a very important reference standard, the more stores the more can prove that the brand is more competitive, but also as a model for other dealers to learn and reference.
The right entrepreneurial franchise mentality
For the franchise investors themselves, we must develop a rational and mature entrepreneurial mind, which also needs to be guided and continuously learned, otherwise success will always be someone else's.
The kind of joining mentality that if you join a mature brand, you can do everything, sit on the franchise dividend, and be a hand-throwing treasurer, in fact, the risk is even greater. It is said that if we do not learn how to operate independently, learn how to recruit people to manage people, from beginning to end are rookie level, we will not be able to cope with various problems and problems in the business process. In addition to profiting from brand franchises, whether the business ability can grow is also the key.