Business
How Real Is Your Franchising Dream in Singapore?
By Seedly  •  June 6, 2022
Not long ago, I overheard an interesting conversation over my morning coffee that got my hopes up. The subject matter? An early retirement plan. Source: Giphy The conversation was between two elderly men. They were discussing how much money they could be making should they own one of the many Singapore Pools outlets. This got me thinking… Being the owner of a Singapore Pools outlet is like running your own business. Save for the fact that you are adopting a “sure-win” business model. Isn’t it? Source: Straits Times Is Franchising Really A Source Of Passive Income? Most Singaporeans see franchising as a source of passive income. But just like starting a business or investing in dividend stocks, there is still some initial work to be done. Unlike a startup, however, you’ll have a head start in many aspects.

Typical Franchise Characteristics:

  • Access to national advertising (the yearly Ang Bao draw anyone?)
...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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