What Sets A Home Based Business Franchise Apart?
What Sets A Home Based Business Franchise Apart?
No Storefront
This is the key to, and possibly the nicest part of owning a home based business; you don’t need any place of operation other than your own home. When you start an Entech USA Vending franchise, your home computer, phone, and a vehicle for towing vending machines and energy drink stock around town is all you need.
No Stock
The average home based business has this going for it too. Even franchisees with sales businesses, like MonitorClosely.com, aren’t required to keep their stock on hand. In the case of MonitorClosely.com, the surveillance equipment sold is not ordered by the franchisee until a client has placed an order for it, then it comes direct from a central warehouse. This saves the trouble of finding and perhaps paying for storage, as well as saving the time and energy it takes to maintain a stocked storeroom, as most retailers have to do.
Few Employees
This isn’t always the case, because some businesses, like Mr. Sparky, allow franchisees the opportunity to expand the service to include multiple trucks and as many employees as desired. Generally, though, because a home based business is designed to be run entirely from home, they are not structured to require the use of other people. So while many franchises (particularly those with a storefront) need to worry about finding, hiring, paying, and maintaining a certain number of employees in order to properly function, work at home businesses do not.
Very Little Overhead
What no storefront, no stock, and no employees adds up to is a much less expensive business than most. There is no rent to pay, no paychecks, and no trouble of buying and returning merchandise all the time. A Creation Carpets & Flooring of America franchisee, carrying nothing more than client paperwork and chip samples of flooring, has no overhead other than maybe fuel for the car that he drives to a client meeting. Likewise, all a 1-800-DryClean owner has as a regular expense is the upkeep of the company delivery van, and even that kind of expense is minute in comparison to the average franchise.
Freedom To Set Your Own Schedule
Not everyone works best from 9am to 5pm; for whatever reason, some of us do our best work between 6pm and 2am. Work from home franchises allow you the freedom to work whenever is best for you, because along with not having to accommodate to a supervisor, you don’t have to accommodate to the waking hours of a public clientele like a retail franchise does. For instance, if you’re a Homes & Land Magazines franchisee, there are times that you have to work within ordinary business hours so that you can make sales calls to find buyers for your real estate ad space, but any part of daily business that doesn’t involve contact with clients can be done whenever you see fit.
One Difficulty…
Not all the things that separate a home based business from other kinds of franchise businesses are perks, however. One difficulty specific to home business is the challenge of separating work from all other aspects of life. Since a PreQuence franchisee works in the same place that he lives, eats, plays, sleeps, and enjoys his family, it can often be hard to not mix those different things and wind up getting distracted from full engagement in any of them. Watching TV when you planned on working; working when you planned on playing with your kids; if you don’t have the self-discipline to separate work from home, make sure to factor this into your decision. It takes a great degree of diligence to keep everything in order when working from home.
In a nutshell, home based business is a completely different ballgame than any other kind of franchise business. For some, those differences may make it a great deal more appealing, but it isn’t for everyone. Before diving into any business opportunity, make sure that it gives what you’re looking for and will work well with your natural tendencies.
What Sets A Home Based Business Franchise Apart - To learn more about this author, visit Candice Clem's Website.
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A lot of fancy words get thrown around whenever people talk about franchise businesses, and for even a seasoned businessperson, unfamiliar with exactly what every term means, things can get a little fuzzy. The term home based business could very well be one of those terms. Of course, it doesn’t take a great deal of thought to figure out what the words literally mean, but knowing exactly what the features and strengths of a home based business are is necessary to fully understanding the words, because there are many differences between a home based operation and the average franchise with a storefront and employees that a person might think of.
No Storefront
This is the key to, and possibly the nicest part of owning a home based business; you don’t need any place of operation other than your own home. When you start an Entech USA Vending franchise, your home computer, phone, and a vehicle for towing vending machines and energy drink stock around town is all you need.
No Stock
The average home based business has this going for it too. Even franchisees with sales businesses, like MonitorClosely.com, aren’t required to keep their stock on hand. In the case of MonitorClosely.com, the surveillance equipment sold is not ordered by the franchisee until a client has placed an order for it, then it comes direct from a central warehouse. This saves the trouble of finding and perhaps paying for storage, as well as saving the time and energy it takes to maintain a stocked storeroom, as most retailers have to do.
Few Employees
This isn’t always the case, because some businesses, like Mr. Sparky, allow franchisees the opportunity to expand the service to include multiple trucks and as many employees as desired. Generally, though, because a home based business is designed to be run entirely from home, they are not structured to require the use of other people. So while many franchises (particularly those with a storefront) need to worry about finding, hiring, paying, and maintaining a certain number of employees in order to properly function, work at home businesses do not.
Very Little Overhead
What no storefront, no stock, and no employees adds up to is a much less expensive business than most. There is no rent to pay, no paychecks, and no trouble of buying and returning merchandise all the time. A Creation Carpets & Flooring of America franchisee, carrying nothing more than client paperwork and chip samples of flooring, has no overhead other than maybe fuel for the car that he drives to a client meeting. Likewise, all a 1-800-DryClean owner has as a regular expense is the upkeep of the company delivery van, and even that kind of expense is minute in comparison to the average franchise.
Freedom To Set Your Own Schedule
Not everyone works best from 9am to 5pm; for whatever reason, some of us do our best work between 6pm and 2am. Work from home franchises allow you the freedom to work whenever is best for you, because along with not having to accommodate to a supervisor, you don’t have to accommodate to the waking hours of a public clientele like a retail franchise does. For instance, if you’re a Homes & Land Magazines franchisee, there are times that you have to work within ordinary business hours so that you can make sales calls to find buyers for your real estate ad space, but any part of daily business that doesn’t involve contact with clients can be done whenever you see fit.
One Difficulty…
Not all the things that separate a home based business from other kinds of franchise businesses are perks, however. One difficulty specific to home business is the challenge of separating work from all other aspects of life. Since a PreQuence franchisee works in the same place that he lives, eats, plays, sleeps, and enjoys his family, it can often be hard to not mix those different things and wind up getting distracted from full engagement in any of them. Watching TV when you planned on working; working when you planned on playing with your kids; if you don’t have the self-discipline to separate work from home, make sure to factor this into your decision. It takes a great degree of diligence to keep everything in order when working from home.
In a nutshell, home based business is a completely different ballgame than any other kind of franchise business. For some, those differences may make it a great deal more appealing, but it isn’t for everyone. Before diving into any business opportunity, make sure that it gives what you’re looking for and will work well with your natural tendencies.
What Sets A Home Based Business Franchise Apart - 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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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle'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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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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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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