Franchising has always been seen favourably by the Malaysian and Singaporean Governments.
In Malaysia, the franchise industry is mainly governed by the Franchise Act 1998 ("Act") which incorporates amendments in the Franchise (Amendment) Act 2012. In general, a franchise refers to an agreement where the Franchisor grants a prospective Franchisee the right to use its company trademark and to operate its business in accordance to the Franchisor's franchise system for an agreed upon fee.
THE BUSINESS OF MOVING – A LOGISTICS FRANCHISE
Logistics has always been big business. As a civilisation, we rely upon the transportation of physical goods from one place to another to function. The price we pay for that mobility can therefore make an individual or corporation very rich.
The scope in the transport and logistics industry is varied – from a one-man show using a small truck to transport goods and offer services, to an immense fleet of transport vehicles which traverse the world over.
Road transportation includes commuter transport from taxis to bus transportation.
Air transport involves aircraft carriers for goods, international freight or even people headed to remote territory. Marine shipping is transportation by boat. It can be a great business with great rewards, although the costs of starting one up can be high.
It can be a daunting industry and a lot of unforeseen events can happen without notice. A person would need to be great at coordinating and scheduling to manage the goods going in and out.
They would therefore need to be prepared for a lot of research, planning and a hefty amount of start-up costs. As a person operating a logistics company, they would also need to be familiar with the INCOTERMS 2010 – a set of internationally defined transportation terms relating to the transport of goods and international commerce law – as well.
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Esta historia es de la edición March 2017 de SME Magazine Singapore.
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