New Franchise Opportunities commonly asked questions
If you have been mulling over the idea of buying one of the many franchises for sale, you may be having a tough time narrowing down the best selection. You may have more questions than answers when it comes to making a selection and deciding where to put your money. This article will help you get some of those answers.
What are the easiest franchises to run?
This answer will differ by person, but there are some variables that will hold true across the board. The first part of the answer is that something that you love or are familiar with will be easier to get into than an industry that you do not like or know nothing about.
Beyond this point, there are also business options, such as some of the top restaurant franchises, that have such a complete system in place where setting up the company and getting the doors open to profit is much easier starting a company from scratch. Many of the top 100 franchises in the country fit in this category, and this may, in fact, be why they are so popular.
How do I become a franchise authority and make a wise purchasing decision?
The answer to this is simple – research! The more you know the more of an educated decision you can make when choosing from a list of franchises. If you want to be your own boss and be successful at it, you need to know you are starting the right business for you.
Research the company. You first want to know all you can about the company(ies) you are considering purchasing a franchise from. Look at their history, read their franchise disclosure document and any reports (both positive and negative) regarding their business practices.
Learn about their support system. You should also acquire any information you can on how each company operates as well as any rules that dictate how you will have to operate your franchise of their company.
Know your area. You should also research where you are considering opening a franchise and decide if the environment is conducive to a successful business venture. Not all businesses are needed in all areas. There must be a customer base that needs what you are going to offer and is willing to pay for it.
The more you learn up front, the more likely you are going to be able to begin to eliminate franchises that for one reason or another are not suited to you, your business style or your area.
Can a franchise really make good money in an economic downturn?
The beginning of a change in the economy is expected to see positive growth for cleaning businesses in both the business and private sector. According to the Pricewaterhouse Coopers International Franchise Association 2010 Franchise Business Economic Outlook, business services, which include professional cleaning services, are expected to see an increase in 2.6% in 2010. Additionally, the strengthening of the economy is causing many individuals to be more comfortable spending on themselves for 'extras' like cleaning services. As a matter of fact, the personal services industry is forecast to see growth of 4.4%
Other industries are seeing similar forecasts. Check the predictions for the industry you are interested in. New Franchise Opportunities are available all over.
Monday, March 29, 2010
Sunday, January 24, 2010
New Franchise Opportunities: Area Development Opportunities
An Area Development Opportunity means that a Franchisor has decided they want to grow in a particular geographic region and are looking for potential leaders in that area.
The Area Developer (AD), sometimes called Master Franchisee, is responsible for finding and supporting new franchisees in their designated market. The Franchisor shares a portion of the franchise fee and the royalties with the AD.
These opportunities have higher start up costs, but they come with greater growth potential and the possibility for higher long-term residual income. As you grow, you may support several franchise units, so you will be working on the business, not just in the business.
FranchiseSforSale.com is the ultimate resource for franchisees and franchisors. Clients include growing franchisors and those who are seeking self-employment or looking into franchising. FranchisesForSale.com provides individuals with franchise information about quality, growing franchises and helps to educate them about the franchise buying/award process.
Franchisors receive additional online exposure of their new franchise opportunity while obtaining qualified leads for franchisees. FranchisesForSale.com understands the franchise award/sale process; therefore, they take the time to qualify the leads.
The Area Developer (AD), sometimes called Master Franchisee, is responsible for finding and supporting new franchisees in their designated market. The Franchisor shares a portion of the franchise fee and the royalties with the AD.
These opportunities have higher start up costs, but they come with greater growth potential and the possibility for higher long-term residual income. As you grow, you may support several franchise units, so you will be working on the business, not just in the business.
FranchiseSforSale.com is the ultimate resource for franchisees and franchisors. Clients include growing franchisors and those who are seeking self-employment or looking into franchising. FranchisesForSale.com provides individuals with franchise information about quality, growing franchises and helps to educate them about the franchise buying/award process.
Franchisors receive additional online exposure of their new franchise opportunity while obtaining qualified leads for franchisees. FranchisesForSale.com understands the franchise award/sale process; therefore, they take the time to qualify the leads.
Monday, December 21, 2009
New Franchise Opportunities: Now is a Great Time to Own a Franchise
New franchise opportunities are becoming available all the time. If you’re considering a career change, you dream of being self-employed, you want control over your future and security for your family, you might consider owning a franchise. When you’re awarded a franchise, you get a proven concept with the systems and support you need to run your business successfully. When you own a franchise you enjoy the benefits of business ownership without the risks and hassles involved with new business start-ups.
New Franchise Opportunities: Which Franchise is the Best?
Whether you’re a seasoned entrepreneur or a novice just exploring the possibility of owning your own business, finding the right franchise opportunity can be a daunting task.
Which franchise opportunity is the best? Are restaurant and food service franchises the most profitable? Are health and fitness franchises the easiest to operate? Are children and pet related franchises more rewarding than others? Are “green” franchises really the wave of the future?
New Franchise Opportunities: Why own a Franchise?
Owning a franchise means doing what you love and getting paid for it. Do you love food and dream of owning a restaurant? Have you always wanted to work from home? Are you tired of working for someone else? Are you ready to be your own boss? These are all great reasons to consider owning a franchise; however, they are just icing on the cake. The real reasons to own a franchise are:
A Proven System: Owning a franchise is more than owning a business where you have to be there every day in order to make money. It’s hard to enjoy some of the benefits of business ownership when you are the business.
Owning your own business or having a job means being paid for doing work. Owning a franchise means earning income with a proven system. Franchises are successful because someone has already developed the product or service, the brand identity, and the marketing and distribution plans.
As a franchisee, you are a systems implementer, not an employee of the business. This is the difference between being a hairstylist or owning a salon that operates and generates income whether you are there or not. The true benefits of owning a franchise come when systems are in place so the business can run with or without you.
Write Your Own Paycheck: Owning a franchise means deciding how much money you want to make. If you want to make more money, you can open more units or increase the inputs in your existing system to increase the output.
True Retirement Planning: Most average people put money in a 401K or an IRA and rely on someone else to manage the money while they hope for good returns.
When you own a franchise you build your income as you build your business and grow your personal net worth. When the day comes that you wish to get out of the business you can sell your income generating assets either for a fixed dollar amount or monthly payments so you can retire.
With so many different types of franchises for sale, and more new franchise opportunities available every day, FranchiSesforSale.com can help you sift through all the information and choose the franchise opportunity that is right for you. Use their proprietary matching system to streamline your selection process and get you on your way to owning your own franchise business.
New Franchise Opportunities: Which Franchise is the Best?
Whether you’re a seasoned entrepreneur or a novice just exploring the possibility of owning your own business, finding the right franchise opportunity can be a daunting task.
Which franchise opportunity is the best? Are restaurant and food service franchises the most profitable? Are health and fitness franchises the easiest to operate? Are children and pet related franchises more rewarding than others? Are “green” franchises really the wave of the future?
New Franchise Opportunities: Why own a Franchise?
Owning a franchise means doing what you love and getting paid for it. Do you love food and dream of owning a restaurant? Have you always wanted to work from home? Are you tired of working for someone else? Are you ready to be your own boss? These are all great reasons to consider owning a franchise; however, they are just icing on the cake. The real reasons to own a franchise are:
A Proven System: Owning a franchise is more than owning a business where you have to be there every day in order to make money. It’s hard to enjoy some of the benefits of business ownership when you are the business.
Owning your own business or having a job means being paid for doing work. Owning a franchise means earning income with a proven system. Franchises are successful because someone has already developed the product or service, the brand identity, and the marketing and distribution plans.
As a franchisee, you are a systems implementer, not an employee of the business. This is the difference between being a hairstylist or owning a salon that operates and generates income whether you are there or not. The true benefits of owning a franchise come when systems are in place so the business can run with or without you.
Write Your Own Paycheck: Owning a franchise means deciding how much money you want to make. If you want to make more money, you can open more units or increase the inputs in your existing system to increase the output.
True Retirement Planning: Most average people put money in a 401K or an IRA and rely on someone else to manage the money while they hope for good returns.
When you own a franchise you build your income as you build your business and grow your personal net worth. When the day comes that you wish to get out of the business you can sell your income generating assets either for a fixed dollar amount or monthly payments so you can retire.
With so many different types of franchises for sale, and more new franchise opportunities available every day, FranchiSesforSale.com can help you sift through all the information and choose the franchise opportunity that is right for you. Use their proprietary matching system to streamline your selection process and get you on your way to owning your own franchise business.
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