Franchise Opportunities for the 50 Plus Entrepreneur
Franchise Opportunities for the 50 Plus Entrepreneur
The best franchise opportunities for the 50 plus entrepreneur are ones that are based on the entrepreneur’s past business experience, skills, liquidity, and personal desires. Generally, franchises benefit significantly from 50 plus franchise owners because of their experience in the corporate world, knowledge, and investment ability. One really interesting fact about baby boomers and franchise opportunities is that these individuals can be extremely successful with a franchise that has a proven business model but a product they know nothing about.
For example, a baby boomer who has thirty years of corporate experience in banking, as an executive, or many years in sales and marketing may find that a franchise that sells art, hamburgers, or shoes is the most profitable franchise for them. Why? Because that particular franchise has all the proven methods for successfully doing business and this is what is important to the entrepreneur. The final product is not really important, but the way that product is marketed and sold is.
An entrepreneur over 50 might find certain franchises lucrative based on their successful business models and they don’t need to be age old franchises either. Some entrepreneurs might be interested in buying a McDonalds franchise just because it is so well known and successful. However, other entrepreneurs might want to invest in a franchise that is new to the market but has a well planned model for doing business.
Many over 50 entrepreneurs are finding plenty of business opportunities on the Internet. Since these individuals are becoming more technically savvy they search the web and find out what franchises are new to the market, how they work, their return on investment and more. This allows this special group of entrepreneurs to invest in a franchise they believe has the best chance for success in a particular market and the actual product or service being offered or sold is not of top importance.
The reason over 50 entrepreneurs can do this is because they are experienced and understand that their number one goal is to make money. So, the most important thing to do is find a franchise that is capable of making money- not one that sells a product or service that simply looks appealing. That can help the entrepreneur enjoy the business more, but it is not a priority. In fact you will see many franchisers looking for new franchisees and state that experience in the business is not necessary. Over 50 entrepreneurs already know this because they are often times more flexible than young entrepreneurs, and are generally more willing to work with an established franchise’s business model in order to make money.
A senior businessperson with great experience is definitely a welcome fit for many franchise business opportunities today!
Franchise Opportunities for the 50 Plus Entrepreneur - To learn more about this author, visit Candice Clem's Website.
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Since there are so many franchise opportunities out there it can be difficult to evaluate them all and decide on the best one for you, especially if you are over the age of 50. Fortunately, there are plenty of franchise opportunities for the 50 plus entrepreneur. Perhaps this brief overview will give you some new business ideas that you could research and pursue!
The best franchise opportunities for the 50 plus entrepreneur are ones that are based on the entrepreneur’s past business experience, skills, liquidity, and personal desires. Generally, franchises benefit significantly from 50 plus franchise owners because of their experience in the corporate world, knowledge, and investment ability. One really interesting fact about baby boomers and franchise opportunities is that these individuals can be extremely successful with a franchise that has a proven business model but a product they know nothing about.
For example, a baby boomer who has thirty years of corporate experience in banking, as an executive, or many years in sales and marketing may find that a franchise that sells art, hamburgers, or shoes is the most profitable franchise for them. Why? Because that particular franchise has all the proven methods for successfully doing business and this is what is important to the entrepreneur. The final product is not really important, but the way that product is marketed and sold is.
An entrepreneur over 50 might find certain franchises lucrative based on their successful business models and they don’t need to be age old franchises either. Some entrepreneurs might be interested in buying a McDonalds franchise just because it is so well known and successful. However, other entrepreneurs might want to invest in a franchise that is new to the market but has a well planned model for doing business.
Many over 50 entrepreneurs are finding plenty of business opportunities on the Internet. Since these individuals are becoming more technically savvy they search the web and find out what franchises are new to the market, how they work, their return on investment and more. This allows this special group of entrepreneurs to invest in a franchise they believe has the best chance for success in a particular market and the actual product or service being offered or sold is not of top importance.
The reason over 50 entrepreneurs can do this is because they are experienced and understand that their number one goal is to make money. So, the most important thing to do is find a franchise that is capable of making money- not one that sells a product or service that simply looks appealing. That can help the entrepreneur enjoy the business more, but it is not a priority. In fact you will see many franchisers looking for new franchisees and state that experience in the business is not necessary. Over 50 entrepreneurs already know this because they are often times more flexible than young entrepreneurs, and are generally more willing to work with an established franchise’s business model in order to make money.
A senior businessperson with great experience is definitely a welcome fit for many franchise business opportunities today!
Franchise Opportunities for the 50 Plus Entrepreneur - 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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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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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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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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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens'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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