Franchise Alternative
When it comes to self-employment, people often wrestle with the decision until their heads hurt. If you find yourself in that situation, consider the two examples below as you begin to answer the difficult question of "should I be self-employed and what business is right for me?"
Example: Old Franchise & Traditional Business Model
1. Invested $250,000-$2,500,000
2. Five Years Until Profit
3. 15% Profit or less
4. 16 Hour Work Days As Owner
5. $40k Yr Salary as Owner
6. Teenage Employees
7. Daily Inventory
8. Expensive Rent
9. Pricey Insurance
10. More Taxes
11. Less Freedom
Example: New Internet Business Model
1. Invested $2,500-$25,000
2. Fifteen Days Until Profit
3. 75% Profit or More
4. 3 Hr Work Days As Owner
5. $250k+ Yr Salary as Owner
6. No Employees
7. No Inventory
8. No Rent
9. No Insurance
10. Less Taxes
11. More Freedom
This is an example of why more and more potential entrepreneurs are opting in to the various Internet "franchises" that are available today. The appeal of owning your own thriving Internet business, along with the lower costs and stress levels, is a magnetic draw for many.
The major challenge being faced by people seeking to venture into self-employment then becomes the lack of a business idea. Having a business idea is what distinguishes between an entrepreneur and a small business owner. There are legitimate home-based online business opportunities (i.e. the "New Internet Business Model") available but you have to do your homework. Research proven systems on the Internet, join conference calls and webinars if offered, and most importantly speak directly with someone involved in the venture that has achieved a level of success.
Due diligence, a product that you would find valuable, a community that you can trust, and you are well on your way to becoming one of the many new Internet franchise owners worldwide.
Franchise Alternative - To learn more about this author, visit Karen Newman's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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