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Hottest Small Business Service Franchise Opportunities

Written by: Candice Clem

Article Overview: When venturing out to start your own small business, it may be easy to overlook the businesses that provide essential services to nearly all businesses, big and small. Business-to-Business services can provide a steady stream of income due to the repeat business generated through the corporate clientele, and B2B franchises take all of the benefits of a B2B business and streamline the process with a successful franchise name.

Hottest Small Business Service Franchise Opportunities

Among the numerous categories of business opportunities available to the budding small business owner, one of the favorites is the business service franchise. Unlike so many businesses, these franchises don’t have any stock, have little to no overhead, and generally don’t require the use of any office location. By and large, these businesses are little more than the franchisee providing expert knowledge and services to his clients, who are fellow businesspeople. Within the greater heading of business services, there are a number of sub-categories, but three of the most prominent are financial services, staffing services, and coaching services.

Financial Services

One of the most key elements of any business is money; it is both the greatest purpose and one of the greatest assets of any business. Unfortunately, many businesses find themselves with a lot of problems concerning this most basic part of the business formula, and whether they reach those problems by negligence or circumstance, these troubled businesses need someone to help them. With the right business service franchise, that someone could easily be you.

Global Broker Systems is a home business champion among financial franchises, providing a long list of fiscal services to any business client that needs the help. Whether the need is lease financing, working capital loans, debt restructuring, business acquisition financing, or accounts receivable loans, Global Broker Systems franchisees are fully equipped with the knowledge and lender relationships to make it happen. The best part of it all for the franchisee is that the capital comes from 3rd party lenders and not from the franchisee’s own pocket, which means that there is little personal risk, and instead of only benefitting the company being financed, the franchisee is also furnishing the financial institution with work.

Another good financial service is Capital Consultants Training & Learning, a franchisor that sets up 5-day seminars to teach franchisees how to start their own financial consultancy work at home businesses. They are in the constant business of training people to perform all kinds of necessary financial work including traditional lending, aviation lending, inventory finances, stock loans, equipment leasing, portfolio liquidation, and everything in-between. Whatever you want to learn, they can teach you.

For something a little more out of the ordinary but equally helpful to clients, XLOS specializes in debt settlement. Nearly everyone is in debt today, but not everyone can get out of it. As the owner of an XLOS franchise, however, you are prepared to help people and businesses do exactly that. No experience is necessary because the franchisor will teach you everything you need to know, and you have the option of either running your business solo or with a small team of support staff. The methods are all well established, but there is plenty of freedom within them.

Staffing Services

This is another corner of the business service industry that is in constant demand and has franchise businesses available. Businesses pay these franchises to find employees with the talents they need to fill their company holes, and one of the best work at home franchises in this field is DES Staffing. Providing temporary and permanent staffing to the manufacturing and light industrial sector, DES Staffing is an experienced company in the field that sets up its franchisees with excellent initial training and ongoing support, enabling them to run an effective business that is both profitable and personally satisfying.

Coaching Services

Finally, another great opportunity for a franchisee is the business coaching industry. Though it may seem to only be the perfect fit for those who have either already succeeded in business for themselves or are natural teachers, effective business coaching can really be done by anyone. Particularly after receiving training from an expert franchisor in the industry market, coaching is a real possibility for anyone interested, and two franchisors that can teach you are The Growth Coach and CEO Focus.

One of Entrepreneur Magazine’s "Top 10 New Franchises of 2008," The Growth Coach helps frustrated, burned out, and overwhelmed business owners get their finances in order again, get business back on the path to success, and rebalance their lives. Franchisees are given 5 days of intensive training to make sure they know the most functional methods for building a client base and helping their clients. Startup is very low because it’s a work from home business, ongoing support is provided, and franchisees are linked into a collaborative intranet with other The Growth Coach franchisees around the nation for added support.

And for a slightly different angle on the coaching game, CEO Focus is a home based business that works to not only coach business executives, but coach them in a group setting that encourages the businesspeople to help each other and not simply rely on the coach. The franchisee works as both a consultant to each individual client and a facilitator for the group. No previous experience is necessary, because the franchisor is able to provide all the training necessary to make anyone an excellent coach.

Whatever your particular interest in business is, chances are good that there is a business service franchise that is right for you. And because there are so many other businesses out there, there is always work in the field to be done, so as you browse through potential business purchases, keep this growing industry in mind.

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Article Tags: business acquisition, business client, business service, businesspeople, capital consultants, capital loans, coaching services, consultants training, debt restructuring, fiscal services, franchisee, franchisor, lender relationships, party lenders, personal risk, receivable loans, service franchise, small business owner, staffing services, troubled businesses



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Re: Service Or Product? - I agree with starting a Service-based Business in the economy. Here is what I think is critical: 1. Researching that your Service business has a market. 2. Marketing the Service with as much leverage as possible. 3. Product-izing the Service (aka Package Expert Knowledge). This will only help elevate you as "the" expert in your niche and make you accessible to people in different price points.
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.


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