Franchise Business Opportunities
Franchise Business Opportunities
It is undoubtedly true that franchises can offer both the franchisor and the franchisee a rewarding business partnership that realizes much success. But, underneath much of the rosy claims made by the proponents of franchising is another reality. And, it is one you need to be aware of if you’re thinking about taking that step.
According to the CFA, there are over 76,000 franchises throughout Canada, which together generate more than $100 billion in annual revenues. Indeed, some surveys have claimed that 90 percent of franchises enjoy long term success. However, a recent study by a professor at the Wayne State University of Detroit, which was later published in the Wall Street Journal, revealed a different picture. There, the professor found that in fact there was a failure rate of almost 35 percent of franchises. Indeed, other surveys have pushed that number upwards to almost 70 percent.
Many franchise business opportunities can support what they promise, but before making any purchasing decisions, do your homework! Find out which claims are legit, and which are in fact too good to be true. To this end, the Better Business Bureau can be a great resource before you make any major decisions.
Fraudulent franchises have taken the risks involved with franchising to a whole new level. Don’t get into business with anyone demanding that you act immediately or who refuses to provide you with all of the financial information you need to make an informed decision. Make sure you know not only the names of the corporate officers, but that they also in fact exist. And, don’t fall for the get rich quick type of programs that promise to make you instantly rich in your spare time. Franchises, like any other businesses, require work, hard work, and more work to become and stay successful.
If after evaluating your prospective franchise you realize that it’s a legitimate operation, make sure you take the time to find the best site location for you to start setting up shop. It is said that the number one reason behind business failure is the location of that business. Don’t sign any agreements with your franchisor until you’ve selected the best possible site for the business and negotiated a great deal. If you can’t find what you’re looking for – wait! Don’t settle for a sub par site as it will only result in sub par sales.
One quick spin around the ‘net and you’ll realize that there is no shortage of franchise business opportunities to whet your appetite. But, don’t get caught up in one before you’ve evaluated its merits. Running a franchise is hard work, but it’s even harder if you don’t get started off on the right foot.
Franchise Business Opportunities - To learn more about this author, visit Cynthia Gleeson's Website.
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It sounds like a glorious life, doesn’t it? Everything is already set up for you, all you need to do is buy a franchise and let the rest work itself. Indeed, the promises of franchise business opportunities sometimes seem too be good to be true. And, in fact, they often are.
It is undoubtedly true that franchises can offer both the franchisor and the franchisee a rewarding business partnership that realizes much success. But, underneath much of the rosy claims made by the proponents of franchising is another reality. And, it is one you need to be aware of if you’re thinking about taking that step.
According to the CFA, there are over 76,000 franchises throughout Canada, which together generate more than $100 billion in annual revenues. Indeed, some surveys have claimed that 90 percent of franchises enjoy long term success. However, a recent study by a professor at the Wayne State University of Detroit, which was later published in the Wall Street Journal, revealed a different picture. There, the professor found that in fact there was a failure rate of almost 35 percent of franchises. Indeed, other surveys have pushed that number upwards to almost 70 percent.
Many franchise business opportunities can support what they promise, but before making any purchasing decisions, do your homework! Find out which claims are legit, and which are in fact too good to be true. To this end, the Better Business Bureau can be a great resource before you make any major decisions.
Fraudulent franchises have taken the risks involved with franchising to a whole new level. Don’t get into business with anyone demanding that you act immediately or who refuses to provide you with all of the financial information you need to make an informed decision. Make sure you know not only the names of the corporate officers, but that they also in fact exist. And, don’t fall for the get rich quick type of programs that promise to make you instantly rich in your spare time. Franchises, like any other businesses, require work, hard work, and more work to become and stay successful.
If after evaluating your prospective franchise you realize that it’s a legitimate operation, make sure you take the time to find the best site location for you to start setting up shop. It is said that the number one reason behind business failure is the location of that business. Don’t sign any agreements with your franchisor until you’ve selected the best possible site for the business and negotiated a great deal. If you can’t find what you’re looking for – wait! Don’t settle for a sub par site as it will only result in sub par sales.
One quick spin around the ‘net and you’ll realize that there is no shortage of franchise business opportunities to whet your appetite. But, don’t get caught up in one before you’ve evaluated its merits. Running a franchise is hard work, but it’s even harder if you don’t get started off on the right foot.
Franchise Business Opportunities - To learn more about this author, visit Cynthia Gleeson'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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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David 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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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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