The $100K Mistake Most First-Time Franchisees Make [TBS 10 ft Gong cha & FLAsia]

We are dive deep into the fascinating world of licensing and franchising with two industry veterans. - Dickson Low - President of Franchise and Licensing Association of Singapore (FLAsia) and Founder of iconic brand Manhattan Fish Market (MFM)- Danny Lee - CEO of Global Supply Chain Gong Cha, managing one of the world's leading bubble tea brandsWhether you're a business owner looking to scale, an entrepreneur exploring growth options, or just curious about how your favourite brands expand globally, this episode offers valuable insights into the business models that shape many of the brands we interact with daily.Highlights:- Business model insights into the key differences between licensing and franchising that most people don't realise- Behind-the-scenes insights into how global F&B brands like Gong Cha maintain consistency across countries- Creative ways businesses can leverage licensing to grow their brand- Common mistakes to avoid when entering the licensing and franchising spaceTune in to discover why licensing and franchising are more than just slapping a brand name on a product—and why getting it right requires both science and art.06:20 Question 111:33 Question 218:18 Question 321:21 Question 425:11 Question 529:49 Question 633:22 Question 736:36 Question 8---Welcome to The Financial Coconut, your source for empowering financial knowledge and unlocking possibilities. Join us as we explore personal finance, investing and more.Get ready to take control of your financial future and live your best life, financially wise: https://linkin.bio/thefinancialcoconut[Podcast, Vodcast]Spotify: https://rebrand.ly/TFC-spotifyApple Podcast: https://rebrand.ly/TFC-applepodcastYouTube: https://rebrand.ly/TFC-youtube[Connect with us]Instagram: https://rebrand.ly/TFC-instagramTik Tok: https://rebrand.ly/TFC-tiktokTelegram: https://rebrand.ly/TFC-telegramWhatsapp: https://rebrand.ly/TFC-Whatsapp-channelNewsletter: https://rebrand.ly/TFC-NewsletterDisclaimer: The content discussed in this episode is intended for educational purposes only and should not be considered as financial advice. The information provided is based on our understanding at the time of recording and may not reflect the current regulations or market conditions. The opinions expressed by guests are their own and do not necessarily represent those of The Financial Coconut. Please do your due diligence before making any investment or financial decisions.Learn about our eventsHelp us get to know you better: http://bit.ly/thefinancialcoconut-survey Hosted on Acast. See acast.com/privacy for more information.