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Franchise Brokerages--The Smart Choice In Small Business Opportunities

Written by: Candice Clem

Article Overview: If you've done much research into franchise opportunities these days, you've no doubt discovered that there are plenty of reasons these days to choose a franchise rather than to start your own business from scratch. Banks are much more willing to lend money to franchisees (especially during a lending freeze) and franchises are proven to have 5 times the success rate, which is reassuring in this type of economy. Here's a look at franchise businesses that show would-be-franchisees the best options available and work almost as a dating service for franchises; matching perfect franchises with the right candidates.

Franchise Brokerages--The Smart Choice In Small Business Opportunities

For many entrepreneurs, one of the hardest parts of purchasing a franchise business can often be the simple act of deciding which franchise to go with. It sounds like a small step in the process, but it’s the part of the process that costs the most money and the one decision that everything else rides on, so it makes sense that it could stir a little trepidation and indecision in the heart of even the most determined entrepreneur. There are probably as many different ways of getting around that uneasiness as there are different people who have to do it, but one of the easiest is just visiting a franchise consultant.

Franchise Consultants Are Your Friend

Much like having a good friend to help you walk through a major life decision, working with a franchise consultant is an excellent way to wade through the stressful decision of choosing a franchise opportunity, because the consultant can help you see things from another perspective. Though that may beg the question as to why a person would need a consultant’s perspective as opposed to simply a friend’s, there is good reason to get both. A friend’s counsel in the purchase of a small business is helpful because he knows you, your strengths, and your weaknesses, and can tell you whether certain business types are a good idea for you, but his understanding of the franchise world is most likely limited. On the other hand, though a franchise consultant doesn’t have a longstanding relationship with you, his knowledge of franchises far exceeds both yours and your friends’. With a small battery of questions, he can get enough of an understanding of you to get you on your way toward the business that’s got your name on it.

If you’re at a loss for what business purchase is the right choice for you, there are people to help you. Three big names in the franchise consultation are Franchoice, MatchPoint, and MyFranchisePath.com.

Having helped thousands of clients so far, Franchoice is one of the world leaders in the industry: they provide free initial consultations, only require that clients have at least $100,000 net worth and $20,000 to invest, and seek to understand you as a person as well as they understand their franchises. Similarly, MatchPoint consultants are not concerned with making sales, but rather with connecting clients with the best franchise businesses for them. Their greatest tool is their special Heat Map Profiling System, which uses answers from a short test to analyze a client’s personality, skills, and preferences, matching them with the best possible business opportunities. Finally, MyFranchisePath.com is chiefly concerned with understanding their clients and their franchises as well as they can, in order to make great business matches. Both of these companies have professional consultants ready and willing to help you find the business that is right for you.

You Could Be A Consultant, Too

Talking to a consultant, though, may not be enough to help everyone find and purchase the small business that’s right for them. In truth, some may not actually find the right franchise opportunity, but others may find that what they really want to do is the very thing their consultant is doing for them.

Should that be the case for you, Franchise Consultant Network is the perfect opportunity for breaking into the home business world of franchise consultation. All you need is a longing to be your own boss, the genuine desire to help other people achieve their business goals, and a strong knack for interpersonal communication. And having no previous knowledge of franchises and franchising is a non-issue, because the franchisor can teach you everything you need to know as long as you want to learn. There are many perks to the business, one of the greatest being the seemingly limitless potential for obtaining clients. Another great benefit of this business is that it’s a fully home based business: with only a laptop and a phone, any franchisee is ready to go. And finally, there is money to be made in this industry. In fact, some work from home Franchise Consultant Network franchisees have reported earnings of over $100,000 in the first year.

Whether you’re looking for the right business and need to seek some counsel in regard to that decision or you know exactly what you want to do, and helping others toward the businesses of their dreams is it, franchise consultation is the way to go. In either case, calling up and getting a free consultation from a franchise consultant may be a good idea. You can either get some wisdom regarding business opportunities in an array of fields or learn something from a person who’s already doing what you want to.

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  Why Use a Franchise Consultant?
  How to find the best franchise opportunity for you!
  Introduction to Franchising - Mash Bonigala

Article Tags: business purchase, business types, consultant franchise, entrepreneur, franchise business, franchise consultant, franchise consultants, franchise opportunity, franchise world, franchises, good friend, good reason, indecision, life decision, longstanding relationship, many different ways, right choice, stressful decision, trepidation, world leaders



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These maybe the coldest franchises out there: - Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops. WORST FRANCHISE LOAN FAILURES Failure % 1 OBEE'S SOUP SALAD SUBS 55.56% 2 LADY OF AMERICA 41.94% 3 COUNTRY CLUTTER (BED & BREAKFAST) 41.18% 4 COPY CLUB 36.36% 5 ALL TUNE AND LUBE 35.71% 6 PICKERMAN'S 35.71% 7 PHILLY CONNECTION 35.59% 8 ROLY POLY ROLLED SANDWICHES 34.78% 9 COTTMAN TRANSMISSION 34.48% 10 HAIR COLOR EXPRESS 33.33% 11 LEE MYLES AUTOMOTIVE TRANSMISSIONS 33.33% 12 GODFATHER'S PIZZA 33.33% 13 SMOOTHIE FACTORY 33.33% 14 BLIMPIE 31.39% 15 GOLF U.S.A. (RETAIL GOLF EQUIP.) 30.77% Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
canada resources - I used to have a connection to a franchise consultant in Canada at "Franchise Officer" in Toronto. I wish I could remember his name ( but I can check my files at the office tomorrow). Anyway, he had a lot of connections to banks in Canada. He may know of them and may be able to offer some feedback. If you are looking for a business loan, Canada has similar business loan programs to that of the USA's Small Business Administration (SBA). I think its SLBS in Cananda, and I probably have the list of it's lenders in my office also. Do you think either can be helpful? If so, I can get back to you with this information tomorrow. Let me know!
Exclusive: Interview with Results - Hi Forum Members, I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles). As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business. This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business. I am looking to interview about 30 businesses across North America over the span of 3 months. At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews. I would like to extend this opportunity to members of the Forum. If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM. Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Re: Biz Plan Competition - i just wanted to say that posting Small Business Events on CanadaOne is a great resource. Thanks Julie!


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