Franchise Opportunities
Franchise Opportunities
Well, the good news is that no matter which business you’re looking at becoming a part of, the process to get you going on the right path, the path to success is the same. And, it all begins with one key word: preparation!
Before you do any kind of business assessment or market analysis, you need to look inside at yourself first. How much are you willing to put into a business and how much are you looking to get out of it? Where do you want your business to take you? Will owning a franchise help you achieve your life goals or your greatest dreams? Is the lifestyle one that you would be happy with? All these questions and more are things you need to think about before you even begin thinking about whether you want to buy a Subway or a Jiffy Lube franchise.
Once that all important first step is finished, then you can begin the second of scoping out the franchise opportunities, and narrowing them down to a few that you both get excited about and see the potential in. You don’t want to become a franchisee of Pet Store Inc. because you love dogs, only to realize down the road that the business is going nowhere. Conversely, you don’t want to join the McDonald’s team if you don’t even like to eat hamburgers and fries every now and then. The number of opportunities that are out there are plenty, so don’t settle for less than what is best for you. And, remember that bigger is not always better.
After you’ve decided on a franchisor, there is still much work to do. You need to get a feel and an understanding of what it will take to set up shop. Take a look at other franchisees and how they’re running their business to get an idea for your own plans. See what kind of support and training resources are available from the company’s home office. Establish an open dialogue with company executives and always keep the channels of communication open.
Buying one of the many franchise opportunities available can be an extremely rewarding – and profitable – venture, but only if you have put in the time – ahead of time – to make sure of it. Believe it or not, there have in fact been McDonald’s franchises that have failed, and there have been unknowns that have succeeded. In the end, it’s all up to you and what you’re willing to put in!
Franchise Opportunities - To learn more about this author, visit Cynthia Gleeson's Website.
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According to Entrepreneur.com, the Top 10 Franchises for 2007 are as follows: Subway, Dunkin’ Donuts, Jackson Hewitt Tax Service, 7Eleven Inc., UPS Store, Domino’s Pizza LLC, Jiffy Lube International Inc., Sonic Drive In Restaurants, McDonald’s, and Papa John’s International Inc. More and more people are choosing to opt into these businesses and set up a shop of their own. But, what is it that makes these ten so successful in expanding their chains? How can you too take advantage of one of the myriad of available franchise opportunities that are out there, and become a success?
Well, the good news is that no matter which business you’re looking at becoming a part of, the process to get you going on the right path, the path to success is the same. And, it all begins with one key word: preparation!
Before you do any kind of business assessment or market analysis, you need to look inside at yourself first. How much are you willing to put into a business and how much are you looking to get out of it? Where do you want your business to take you? Will owning a franchise help you achieve your life goals or your greatest dreams? Is the lifestyle one that you would be happy with? All these questions and more are things you need to think about before you even begin thinking about whether you want to buy a Subway or a Jiffy Lube franchise.
Once that all important first step is finished, then you can begin the second of scoping out the franchise opportunities, and narrowing them down to a few that you both get excited about and see the potential in. You don’t want to become a franchisee of Pet Store Inc. because you love dogs, only to realize down the road that the business is going nowhere. Conversely, you don’t want to join the McDonald’s team if you don’t even like to eat hamburgers and fries every now and then. The number of opportunities that are out there are plenty, so don’t settle for less than what is best for you. And, remember that bigger is not always better.
After you’ve decided on a franchisor, there is still much work to do. You need to get a feel and an understanding of what it will take to set up shop. Take a look at other franchisees and how they’re running their business to get an idea for your own plans. See what kind of support and training resources are available from the company’s home office. Establish an open dialogue with company executives and always keep the channels of communication open.
Buying one of the many franchise opportunities available can be an extremely rewarding – and profitable – venture, but only if you have put in the time – ahead of time – to make sure of it. Believe it or not, there have in fact been McDonald’s franchises that have failed, and there have been unknowns that have succeeded. In the end, it’s all up to you and what you’re willing to put in!
Franchise 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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