Franchise Business Tips For The Work From Home Mom
Franchise Business Tips For The Work From Home Mom
The insulation provided by franchises comes in the form of a strong business plan, name recognition and a product that has been tested and proven over time. Franchises have shown to outlast traditional small business startups, with numbers as high as 96% of all franchises still in operation after the 5 year mark (according to the IFA). To help bolster your chances, if you’re a work at home mom or a stay at home dad, you will have significantly less overhead when it comes to your home based business. This is due mainly to the fact that work at home businesses don’t require leased office or retail space or a sizeable staff of employees. Sure, there are no guarantees in life, and some economists would say that you’re taking your life in your hands trying to start a new business right now, but the fact of the matter is that it is possible to succeed and many of the only businesses that have reported growth during this recession have been franchises (fast food, entertainment, etc). If you’re a work from home mom and have been considering a franchise business for sale, here’s some questions to ask yourself to get you going in the right direction and to see if you have what it takes to survive in small business, even in tough economic times.
Do You Have The Support Of Friends, Family and Mentors?
When you start any major endeavor in life, having the support of the people that you trust and care about is of utmost importance. Not only will this help you to have peace and encouragement when times get tough, but it will also give you a good third-person perspective on the major decisions you are about to make. Additionally, it will hopefully give you a good idea whether or not you’re making a good long-term decision for you and your family. Say for example you start a work at home franchise with Blue Coast Financial Group, a low-cost financial franchise which provides a slough of business to business financial services. When the economy is up and business is booming, you won’t find much criticism from anyone, but if your business should go through a dry season where you have difficulty securing clients, you need to have family, friends and mentors on your side to help encourage you and pull you along through the tough times.
Are You Comfortable With Risk?
Starting a small business isn’t the same as taking your life savings, heading down to the casino and plopping it all down on the roulette table, but there is still going to be an inevitable amount of risk involved. Many times, business owners will have to put up their homes as collateral for a loan, or dip into to their savings for startup costs or to "float" the business during lean months. Many of these moves will often turn out well and as the old saying goes, "no risk, no reward." However, if you’re the type of person who will be up all night and have a stress-induced ulcer within a month due to the risks involved in your small business, you will want to either have a business will a very small startup cost, such as The Glove Lady which specializes in specialty gloves and safety products to the commercial and corporate marketplace, or consider bringing in a partner who will handle the risk management while you handle running the actual business.
Do You Love Your Community?
This may seem like an odd question to ask when discussing a small business, and particularly one that will be run out of the comfort of your own home, but it’s still important to consider. The hardest time, statistically, for a new business is the first two years, and the main reason is that it takes a while for people to know your business, start to use your services, spread the name of your business through word of mouth and for you as a business owner to really hit your stride and get the business running like a well-oiled machine. With a CompuChild franchise, for example, you will run many aspects of the business from home, but the bread and butter of this work from home business is going into pre-schools, private schools, public schools and day-cares to teach young children essential computer skills. While this business model has been tested and proven and could be taken to nearly any town, it will severely jeopardize your business success if after a few years of building relationships with key players at local schools, you up and move to a different town and have to start all over. Many franchises as well will sell you a specific territory when you purchase a franchise, so moving too far away may mean that you would have to sell the franchise and re-purchase it in your new area. All this to say, make sure that you’re willing to commit to the community you live in, because the success of your business will greatly depend on you sticking around and planting roots.
No business is a guaranteed success, and it would be foolish for a franchise to make such promises, but the facts show that starting a work from home franchise is one of your best chances for success, in nearly any economic climate. Feel free to get more information on any of the franchises mentioned above, or any of the many other women’s franchises and work at home businesses available. Remember that the biggest factor in the success of your small business will be your drive, motivation and willingness to hang-in-there when times do get tough.
Franchise Business Tips For The Work From Home Mom - To learn more about this author, visit Candice Clem's Website.
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In light of the current economic climate, small business startups need every possible advantage available to them in order to have a shot at succeeding. Most experts agree that when recession is in full force, the name of the game for businesses small and large is survival; do whatever it takes to make it through the lean times and if you do, you’ll be stronger for having gone through the tough times and ready to take on a larger client base and make some serious money when the economy turns upward. Although franchise businesses (and work from home franchises in particular) are insulated from the recession, every business is still feeling the pinch, which may cause some discouragement to anyone thinking of starting a new business right now. The fact remains, however, that while some of the largest corporations in America are facing their hardest times ever (such as auto makers), a shrewd businessperson with the right work at home small business can not only survive in tough economic times, but has the potential to profit in nearly any climate.
The insulation provided by franchises comes in the form of a strong business plan, name recognition and a product that has been tested and proven over time. Franchises have shown to outlast traditional small business startups, with numbers as high as 96% of all franchises still in operation after the 5 year mark (according to the IFA). To help bolster your chances, if you’re a work at home mom or a stay at home dad, you will have significantly less overhead when it comes to your home based business. This is due mainly to the fact that work at home businesses don’t require leased office or retail space or a sizeable staff of employees. Sure, there are no guarantees in life, and some economists would say that you’re taking your life in your hands trying to start a new business right now, but the fact of the matter is that it is possible to succeed and many of the only businesses that have reported growth during this recession have been franchises (fast food, entertainment, etc). If you’re a work from home mom and have been considering a franchise business for sale, here’s some questions to ask yourself to get you going in the right direction and to see if you have what it takes to survive in small business, even in tough economic times.
Do You Have The Support Of Friends, Family and Mentors?
When you start any major endeavor in life, having the support of the people that you trust and care about is of utmost importance. Not only will this help you to have peace and encouragement when times get tough, but it will also give you a good third-person perspective on the major decisions you are about to make. Additionally, it will hopefully give you a good idea whether or not you’re making a good long-term decision for you and your family. Say for example you start a work at home franchise with Blue Coast Financial Group, a low-cost financial franchise which provides a slough of business to business financial services. When the economy is up and business is booming, you won’t find much criticism from anyone, but if your business should go through a dry season where you have difficulty securing clients, you need to have family, friends and mentors on your side to help encourage you and pull you along through the tough times.
Are You Comfortable With Risk?
Starting a small business isn’t the same as taking your life savings, heading down to the casino and plopping it all down on the roulette table, but there is still going to be an inevitable amount of risk involved. Many times, business owners will have to put up their homes as collateral for a loan, or dip into to their savings for startup costs or to "float" the business during lean months. Many of these moves will often turn out well and as the old saying goes, "no risk, no reward." However, if you’re the type of person who will be up all night and have a stress-induced ulcer within a month due to the risks involved in your small business, you will want to either have a business will a very small startup cost, such as The Glove Lady which specializes in specialty gloves and safety products to the commercial and corporate marketplace, or consider bringing in a partner who will handle the risk management while you handle running the actual business.
Do You Love Your Community?
This may seem like an odd question to ask when discussing a small business, and particularly one that will be run out of the comfort of your own home, but it’s still important to consider. The hardest time, statistically, for a new business is the first two years, and the main reason is that it takes a while for people to know your business, start to use your services, spread the name of your business through word of mouth and for you as a business owner to really hit your stride and get the business running like a well-oiled machine. With a CompuChild franchise, for example, you will run many aspects of the business from home, but the bread and butter of this work from home business is going into pre-schools, private schools, public schools and day-cares to teach young children essential computer skills. While this business model has been tested and proven and could be taken to nearly any town, it will severely jeopardize your business success if after a few years of building relationships with key players at local schools, you up and move to a different town and have to start all over. Many franchises as well will sell you a specific territory when you purchase a franchise, so moving too far away may mean that you would have to sell the franchise and re-purchase it in your new area. All this to say, make sure that you’re willing to commit to the community you live in, because the success of your business will greatly depend on you sticking around and planting roots.
No business is a guaranteed success, and it would be foolish for a franchise to make such promises, but the facts show that starting a work from home franchise is one of your best chances for success, in nearly any economic climate. Feel free to get more information on any of the franchises mentioned above, or any of the many other women’s franchises and work at home businesses available. Remember that the biggest factor in the success of your small business will be your drive, motivation and willingness to hang-in-there when times do get tough.
Franchise Business Tips For The Work From Home Mom - To learn more about this author, visit Candice Clem'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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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig'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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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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