How to Find The Right Small Business Franchise Opportunity For You!
How to Find The Right Small Business Franchise Opportunity For You!
It is very important to choose a franchise in an area that you have knowledge, expertise or strong passion. Franchises need to be run by people who like and appreciate the product or service being provided and must continually hold the interest and passion of those people who are operating them. Your employees, customers, clients and business contacts must be able to see and feel your passion for the franchise that you own. To that end, the selection of a franchise opportunity becomes as important as the initial decision to purchase a franchise . Here are a few options for franchises that offer a wide range of specified interest areas and passions.
One of the first things that you might want to consider as a potential small business franchise owner is whether or not you want to purchase a low cost franchise. There are several different options within that category but a low cost franchise is usually a good option for a first time franchise owner because it requires a relatively small amount of risk and offers good experience for someone that is prepared to learn what it takes to run a small business franchise. A good, low cost option for an up and coming franchiser would include Goin’ Postal which is a shipping and packaging franchise that offers training and support. Goin’ Postal can be run as a full shipping store location or as a Kiosk business which requires a very low level of time and capital to get started. The low cost franchise market also includes businesses such as DVDNow, which is an automated DVD rental kiosk business. Or a less tech savvy entrepreneur might appreciate the hands on business approach of VacuVent duct and air cleaning. Each of these franchises is relatively low cost to start up and provides a quick cash flow, very detailed training as well as support. The added benefit of these franchises, DVDNow, VacuVent, and the kiosk option of Goin’ Postal is that they can be run from home as a home based franchise which will allow the new franchise owner to eliminate overhead costs, and ease into these franchises as schedule and commitment allow. Other Franchises along the lines of DVDNow include Video Franchises such as Infinite Marketing which creates video business cards that contains personal video messages on a business card sized CD. There are so many different types of small business franchises to choose from; you need to ask yourself three main questions:
1. Is the Franchise something that I think is important and would use if I needed it?
Don’t find yourself in the situation of owning and operating a franchise business that you don’t appreciate. Typically if you don’t see a need for a particular service you should avoid going into that market. Franchise owners are almost always more successful when the product they sell and the service they provide is something that they believe in and can stand beside.
2. How much can I afford to invest, and how much time can I commit to the investment?
Franchise owners need to carefully determine what capital level is realistic for them to invest especially when financing through a third party provider, as many low cost franchises will provide. Also the franchise business owner needs to carefully determine how much time is going to be available to the new business. If you are adding this franchise to your current workload perhaps you should consider a franchise that will only take a few hours out of your week. Vendstar vending machine franchise is a good example because you can choose to operate and service as few or as many vending machines as you desire. If your franchise is going to be your full time job and sole source of income then make sure that you are investing in a franchise that will produce the level of profitability that you will require for it to be a success.
3. Do I understand the product and service I am providing?
While almost every franchise that you can own will provide you with some level of training and support, it is particularly important to have a competent grasp of the productin a franchise where you will be hiring employees and explaining your product to future customers. In order to ensure that you will be successful and continue to grow more and more profitable, you must have confidence in your business and be able to concisely explain to people what it is that makes your franchise worthwhile.
Don’t be overwhelmed, a franchise is a great option for an excited and motivated businessman or woman who is looking to expand their experiences and increase their profitability. Just make sure that as you move forward with your decision to enter the world of small business franchising that you are stopping along the way to examine what you are doing, why you are doing it, and how you are going to continue to do it well.
How to Find The Right Small Business Franchise Opportunity For You - To learn more about this author, visit Candice Clem's Website.
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Making the decision to go into business for yourself is a complex decision that most likely took a lot of thought and consideration. Now the only decision left to make is which business franchise is the right opportunity for you. Maybe the choice seems obvious, or maybe you think it won’t matter what kind of business you run as long as you get to be the boss. But, a small business franchise can be a tricky thing, and which small business opportunity you choose may end up being the deciding factor in whether your career as a small business owner is a success or a failure.
It is very important to choose a franchise in an area that you have knowledge, expertise or strong passion. Franchises need to be run by people who like and appreciate the product or service being provided and must continually hold the interest and passion of those people who are operating them. Your employees, customers, clients and business contacts must be able to see and feel your passion for the franchise that you own. To that end, the selection of a franchise opportunity becomes as important as the initial decision to purchase a franchise . Here are a few options for franchises that offer a wide range of specified interest areas and passions.
One of the first things that you might want to consider as a potential small business franchise owner is whether or not you want to purchase a low cost franchise. There are several different options within that category but a low cost franchise is usually a good option for a first time franchise owner because it requires a relatively small amount of risk and offers good experience for someone that is prepared to learn what it takes to run a small business franchise. A good, low cost option for an up and coming franchiser would include Goin’ Postal which is a shipping and packaging franchise that offers training and support. Goin’ Postal can be run as a full shipping store location or as a Kiosk business which requires a very low level of time and capital to get started. The low cost franchise market also includes businesses such as DVDNow, which is an automated DVD rental kiosk business. Or a less tech savvy entrepreneur might appreciate the hands on business approach of VacuVent duct and air cleaning. Each of these franchises is relatively low cost to start up and provides a quick cash flow, very detailed training as well as support. The added benefit of these franchises, DVDNow, VacuVent, and the kiosk option of Goin’ Postal is that they can be run from home as a home based franchise which will allow the new franchise owner to eliminate overhead costs, and ease into these franchises as schedule and commitment allow. Other Franchises along the lines of DVDNow include Video Franchises such as Infinite Marketing which creates video business cards that contains personal video messages on a business card sized CD. There are so many different types of small business franchises to choose from; you need to ask yourself three main questions:
1. Is the Franchise something that I think is important and would use if I needed it?
Don’t find yourself in the situation of owning and operating a franchise business that you don’t appreciate. Typically if you don’t see a need for a particular service you should avoid going into that market. Franchise owners are almost always more successful when the product they sell and the service they provide is something that they believe in and can stand beside.
2. How much can I afford to invest, and how much time can I commit to the investment?
Franchise owners need to carefully determine what capital level is realistic for them to invest especially when financing through a third party provider, as many low cost franchises will provide. Also the franchise business owner needs to carefully determine how much time is going to be available to the new business. If you are adding this franchise to your current workload perhaps you should consider a franchise that will only take a few hours out of your week. Vendstar vending machine franchise is a good example because you can choose to operate and service as few or as many vending machines as you desire. If your franchise is going to be your full time job and sole source of income then make sure that you are investing in a franchise that will produce the level of profitability that you will require for it to be a success.
3. Do I understand the product and service I am providing?
While almost every franchise that you can own will provide you with some level of training and support, it is particularly important to have a competent grasp of the productin a franchise where you will be hiring employees and explaining your product to future customers. In order to ensure that you will be successful and continue to grow more and more profitable, you must have confidence in your business and be able to concisely explain to people what it is that makes your franchise worthwhile.
Don’t be overwhelmed, a franchise is a great option for an excited and motivated businessman or woman who is looking to expand their experiences and increase their profitability. Just make sure that as you move forward with your decision to enter the world of small business franchising that you are stopping along the way to examine what you are doing, why you are doing it, and how you are going to continue to do it well.
How to Find The Right Small Business Franchise Opportunity For You - To learn more about this author, visit Candice Clem'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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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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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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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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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander'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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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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