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How To Find The Right International Franchise

Are You Interested In Owning A Business Overseas?

I read a statistic the other day about iPhone repair shops.  The statistics stated that iPhone repair shops owners can charge about $60 to repair your iPhone (sometimes it can be higher) and if you repair 10 phones a week than you can earn $600.  If you think about the math, you can make over $2,400 a month without having to pay storefront fees such as a rental lease, lighting bill, maintenance and so on.

A steady income stream is something that you will need either at home or abroad.  The great thing about iPhones, Samsung, LG, phones are their uniformity.

I want to explore a little further into another opportunity for opening a business overseas and that’s owning a franchise.  A franchise is defined in the Merriam-Webster dictionary as “The right or license granted to an individual or group to market a company’s goods or services in a particular territory.”

We visit franchise stores all the time because it’s representing a larger well-known brand and that brand has built-in integrity and trust with its consumers.  While I will admit this is not a complete list of all of the benefits, features, and drawbacks, for any business decision, best practices should always involve speaking with licensed professionals, that and a whole lot of research.

Listed below are the pros and cons of opening each type of business.

Mobile Phone Repair


  • Requires very little startup funding to begin business
  • Pay for additional parts for phone repairs $100-500
  • Tool repair kit = $50
  • Can advertise same day common repairs (replace the screen, battery, camera or charging port)


  • Recurring business comes from word of mouth customers
  • If you make a mistake customers can lose important data (practice repairs costs money)
  • Deal with supplier & shipping companies to purchase quality repair parts
    Competition with companies who have been in business longer

Cyber Cafe or PC Bang


  • Start off with a smaller number of newer computer units
  • Fast internet connection needed (South Korea specific)
  • Small staff (tech and business savvy) – *no gamers*
  • Be aware of games that gamers want to play (know your audience)


  • Mouse & Keyboard requires regular maintenance/upgrades
  • Clearing gaming caches
  • Fixing compatibility problems (patches) with games after software release date
  • Cleaning of desks/chairs around computer station
  • Marketing to keep your customers up to date (Facebook, Posters, etc.)

7 Eleven


  • Brand name and recognition
  • Training on how to run a small business
  • Assistance with ordering stocks & supplies


  • Open 24/7 days a week
  • Initial franchise fees vary by location, inventory, and cash register fees.  (There’s a financing program that provides financial assistance for qualified applicants)
  • 3 to 6 months to open a store (application, credit check, background check, evaluations, training)

Yoga, Dance or Fitness Center


  • Teach a class and enjoy a great workout
  • Can sale additional products such as bottles of water, workout apparel, and yoga mats
  • Charge monthly membership fees and group discounts


  • Need to obtain a teaching certificate in Yoga, dance or fitness
  •  Operating expenses (rental location, electricity, instructors, etc.)
  • Familiar with locals hangout, meetups, and social media to advertise effectively

These are only a few businesses that you can own either in the United States or overseas.  I’m sure there are a lot more Global Franchises out there (Paris Baguette, Eye Level Learning Center, McDonald’s) that I haven’t listed.

Related Books

However, with these ideas, I wanted to know how one would go about opening a franchise.  To further explore opening a franchise I read the book, “How To Buy A Franchise” by James A. Meaney (Attorney at Law) 202 pp. Sphinx Publishing.

Meaney introduces the reader with a word of caution about falling victim to franchise scams.  He recounts a story of a couple who sought to become business owners through purchasing vending machines and was scammed by the vending machine sellers.

Overall, the book is a great how-to guide to understand the initial process of buying a franchise.  It provides in-depth chapters on; Disclosure Laws and Statements, Understanding and Negotiating The Franchise Agreement and Investigating Existing Franchises.”  It’s definitely worth checking out if you’re considering buying a franchise.


Lastly, I wanted to mention two very useful resources that can assist you with your research in opening a franchise overseas.

International Franchise Association

The association has great resources that include an international toolkit, a listing of international franchising opportunities, and a franchising 101 section to help you get started on your journey to owning your own business.

International Franchise Seoul

The event is captioned as “Korea’s Largest International Franchise Show” this annual event aims to provide the latest trends, investors, and networking opportunities for exhibitors and attendees.  This event is a great resource for anyone looking to specifically open a franchise in South Korea.

Do you have any other book suggestions you feel will be beneficial to opening a small business?  Leave your message in the comments below.

Please feel free to share this post on Twitter, Facebook, and Pinterest.

If you like reading this post please check out my other posts about A List Of Websites Great For Conducting Research and Black Business Owner In Korea Interview

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Tips For Bloggers And Entrepreneurs

Tips For Bloggers and Entrepreneurs

Bloggers And Entrepreneurs

The learning curve of starting a small business has been a steep and steady incline. The age-old adage one step forward, two steps back swirls around in my head. Whether it has been learning new social sharing applications like Pinterest or trying to articulate business goals while writing a business plan.  You don’t know, what you don’t know until you know it.

Research.  I love to do research on any topic that I am tackling because it provides a firmer grasp on any issues I may encounter.  The only problem with research, there’s so much advice given on blogs, YouTube videos, and podcasts that being a first-time small business owner can be overwhelming.

I wanted to share tips I have learned so far with blogging and entrepreneurship.

Time. Time. Time.

It takes time to build an audience and to learn new software.  Initially, I believed that I could set up my online business within three months.  Imagine my shock when I met with a Small Business Administration mentor and he told me to do six months of research before I moved forward to determine the profitability of my concept.  Avoid the belief that you will be making $10,000 within your first three months.  The recent requirements in the YouTube Partnership Program is a lesson for everyone, one thing that’s constant for any successful business is change.

Day-To-Day Tasks

Picking a blogging platform to host my blog was an easy decision.  Learning how to add backlinks, SEO, Marketing, writing effective Headlines and Sub-headings and structuring content has been an uphill climb.  Fact: You need all of these tools if you want to have a successful blog or startup, but you don’t need to understand everything 100% to get started.

Everyone Loves A Winner

The term overnight success has been used time and time again.  Why, because the life of a struggling writer, director, actor/actress, etc. doesn’t sellout movie theaters.  Don’t expect professionals or organizations to jump on the bandwagon when you’re in the early startup stages.  They receive dozens of request every day, and their time is also precious.


While I do believe that having a mentor is necessary for moral support and tapping into monetary resources, don’t be afraid to have more than one.  I have learned that one mentor may be great at writing a business plan and another mentor may be great at connecting you with angel investors.  Diversifying your mentors ensures that you will get the best advice without overusing your mentor’s capabilities.

Like Minded People

Surrounding yourself with like-minded people equates to cheerleaders cheering in a packed stadium.  It’s nothing worse than explaining your concept to an individual, and the person is negative or discouraging about your future plans.  Getting advice from other bloggers/entrepreneurs will always resonate.   

Free Resources


Their slogan states “Collaborate, & Create Graphic Designs for Free.  This graphic design tool website is very easy to use and is great for creating social media posts, blogs & ebook covers, marketing material and advertisements.  I used to it create my Media Kit and I am happy with the easy of instructions and being able to get started with a simple drag and drop method.


If you’re a food blogger who wants to use mouthwatering pictures than you have your choice of hundreds of food photos to choose.  Additionally, if you like to cook your own recipes consider the website a great place to share your photos and network with a community who are actively searching for food pictures.


A website that can be accessed anywhere in the world gives you access to thousands of free images and photos.  *Tip – Try to use photos that are not commonly used because there’s nothing like posting your latest blog posts and scrolling through your timeline and seeing the same image someone else is using for their latest blog posts.


A headline analyzer, their slogan states: “Write headlines that drive traffic, share, and search results.”  Whether you consider this an additional step, to the other rules you already follow when creating a headline (35 to 60-word count, long tail keywords, etc.) it’s a great tool to gauge your headline’s effectiveness.

If you want more information about starting a small business check out my post:

Do you have a blog or startup business and received great advice?  Leave a comment and let me know.

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Path To Obtaining A Startup Visa In South Korea

Business Startup Visa

Seoul Global Center Experience & Resources

New Moon with a Lunar Eclipse, new agenda for the remainder of the year.  My journey first started because I wanted to meet new friends.  Now I know what you’re thinking, there are several options for meeting new friends while living abroad.  Anyone can search on Google using the keywords, “Foreigner Meetup Groups In Seoul” and any number of meetup groups will populate near Itaewon (이태원) and Hongdae (흥 대).  

However, I have that annoying problem of being initially shy and quiet.  Usually, instead of mixing and mingling, I sip on a carbonated drink and munch on overly-salted french fries.  I wanted a place where I could meet foreigners, have a conversation starter and solve my problem with washing clothes by opening a laundromat.  The laundromat near my new dorm I discovered costs $5,000 won ($4.7 U.S. approx.) to wash and another $5,000 won to dry.  Opening a laundromat was a simple idea that didn’t involve having a face-to-face interaction with customers on a daily basis and I could make a decent living.     

Seoul Global Center

I discovered the Seoul Global Center while I was researching free orientations on expat life in Seoul.  The center offers drivers license, mobile purchasing service of new and used phones, business professional consultations (Accounting, Tax, Foreign Direct Investment, and IP), banking & financial counseling services, and a free business start-up school.  The business class provided another possibility of living in South Korea without attending school and that was obtaining a Startup Visa.  

The free business start-up school provides the ability to earn points in order to obtain a D-8-4 Start-up Visa.  For more information on the Visa process, you can check out the Korean Intellectual Property Assistance point system.  The initial application process was fairly easy.  I completed a one-page application and then submitted the application via email.  Once I was accepted into the program I was asked to provide a front and back copy of my Alien Registration Card

Business Start-up

The first class I took was the 1st Business Start-up School course, a free two-week program, titled Oasis 4.  The class gathered at The Seoul Global Center every night from 7:00 to 9:00 p.m. on the fifth floor.  The class covers such topics as writing Corporation Formation, Writing An Effective Business Plan, Labor Laws, Marketing, and Business Taxes in South Korea.  Prior to the first day of class, I was sent via email the course curriculum, subway directions, and emergency contact information.  

I was both excited about the class and worried about the amount of time I would need to dedicate to completing the class.  My new weekly schedule consisted of attending Korean Language program class from 1:00 to 5:00 p.m, grabbing dinner at Hankuk University faculty cafeteria, and then riding the subway for thirty minutes to Seoul Global Center to attend business startup class.  

The first night at business class I was excited to meet fellow entrepreneurs.  We were given a resource guide that provided contact information for our instructors and blank pages to write notes.  While we waited for the class to begin free coffee and light snacks were served.       

Throughout the class, presenters provided great reference materials such as a summary of insurance rates and a severance pay automatic calculation spreadsheet.  After the class was complete, I took a free advanced online marketing class.  The class is offered by two previous startup attendees who now run a successful Marketing business in South Korea.  

If you want to check out more about their company you can check out their website at World Markets Korea, they have great resources, including a recent blog post on SEO practices for South Korea.  In my opinion, I believe the most valuable resource, however, was the opportunity to network with fellow entrepreneurs.  Many of whom I still keep in contact with through Facebook and our Kakao chat group.

Helpful Websites

I have included some helpful websites for readers who are looking for more information about starting a business with a Start-up Visa in South Korea.  You can check previously patented inventions at Korea Intellectual Property Rights Information Service and obtain pricing information for Intellectual Property translation services.  

Additionally, if you want to find information on Intellectual Property filing paperwork and how much it costs to file a patent in South Korea check out Korean Intellectual Property Office.  To read more about South Korea competitive e-commerce retail platforms check out  Lastly, if you want to obtain information about locations, previous lease and business concepts with real estate properties you can check out Supreme Court of Korea’s website.     

Final Thoughts    

I decided I would share what I’m currently working on since I have returned to Los Angeles, CA, last year.  It has been a journey of highs and lows, some of the lows include, the learning curve that I was not prepared to encounter with opening a business overseas.  I have learned to tackle the issues I face just as I have with starting this blog, one task at a time and trying to remain positive with using the famous quote, “Every Cloud Has A Silver Lining” as my mantra.  

Stay tuned for future posts on my adventure with starting a business.  Future posts will include my experience with obtaining financial advising, location-specific advantages with rental properties, and eventually my preparations to move back to South Korea.    

If you want to read about additional small business opportunities in South Korea check out my blog post on:

  1. Entrepreneur Korea Interview
  2. A Platform For Entrepreneurs: Seoul Startups
  3. Starting A Business In Korea
  4. Non-Teaching Jobs: South Korea
  5. Black Business Owner In South Korea
  6. Korean Convenience Store Lessons
  7. Startup Visa Intellectual Property Rights Presentations   

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