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Own Your Own Franchise and never get Fired Again

Written by: Doug Schadle

Article Overview: If you have ever been fired or know that right now, people's jobs are unstable in an unstable economy, you want to do anything you can to make sure you won't get fired. Well, if you own your own franchise, you will never get fired again. Read my article about how it is beneficial to work for yourself and build your business around you.

Own Your Own Franchise and never get Fired Again

  With the economy still standing on shaky ground, hardworking and undeserving people continue to be laid off from the jobs they have dedicated their lives to. When I see this, I think about what they could be doing instead- owning their own business. Buying into a franchise makes you your own boss (and I doubt you'll be firing yourself). That is the great thing about franchises- you will never be fired again. None of the work you put into the business will ever be in vain and it all goes directly toward the success of your franchise. Understandably, if you get fired from your job you won't know where to turn at first. So that is why I suggest immediately looking into owning a franchise. Franchises are one of the easiest ways to see a return on investment because you are working the ins and outs of the business every single day. You have control over who works for you and how you want your business to be run. It is the ultimate dream. Now is the time to buy a franchise. The government is giving out more money than ever right now for small business start ups. Plus, you can roll over your 401k as your investment, without penalty, to start your business (check out my video on my main page and my full article about how to do this). Just make sure you do your research before choosing what type of franchise you want to own. I sit down with franchisee hopefuls with the different opportunities available to help them decide which type of franchise is best for them. Also, I set people up with franchises that have great growth potential in specific markets - not the next burger joint. If you really want to be happy working for yourself, it is important to be doing something you love. So don't waste anymore time in unemployment - begin researching franchises and get started working for yourself!

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Article Tags: 401k, boss, business start ups, economy, franchisee, franchises, hopefuls, ins and outs, job, jobs, money, own business, owning a franchise, return on investment, single day, small business, standing on shaky ground, unemployment, ups



Related Forum Posts
Re: Enticing Franchises - Top 9 List - All Franchise listed above are in millions of dollars. Do you have the list of Franchise in thousands
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
how much for a franchise fee? - Dear Colleague There is no easy answer to this question. Things to consider: [list=] The sizeof the Franchise Clent base Expected Turnover Intellectual Property costs (recoup) Number of Franchises Number of employees Original Set up costs Franchise admin costs An example: A franchise that I was involved in setting was to a simple "lawn mowing/home repair" franchise. The Franchise included national/local advertising - preparation of client lists - general admin - central accounting etc The Franchise involved 300-500 clients - and an annual turnover of about $300,000 . The annual franchise fee was $30,000. Hope that this gives you some idea Take care Ian[/list]
Re: Franchise Surveys - Another good tool to researching a franchise is to speak with their existing franchisees. This contact information is included in most Franchise Disclosure Documents. In order to get a Franchise Disclosure Document or FDD as it is often referred to, you will have to complete a basic franchise application. The franchisor will then usually provide you with the FDD at that time. Included in that book of information is a list of the existing franchisees, the contract, the investment information etc... This information is required by Federal Law to be disclosed to your prior to making a purchase. So be sure to do your research and start with the Franchise Documents to get the initial information.
What have you trademarked? - Trademarking can a difficult and time consuming process. It also doesn't always work out (ie. Donald Trump was not able to trademark the phrase "You're Fired") What have you trademarked and has it helped your business?


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