Franchising Is a Better Path to Success than Opening a StandAlone Business
Franchising Is a Better Path to Success than Opening a StandAlone Business
• It is virtually risk-free: Starting a franchising business means that you are following a successful business system. Your franchisor has done all the hard work and you are supposed to follow his footsteps; it has invented the wheel and all you have to do is check whether the wheel is running smoothly. You will be guided on every detail about each wing of the business. Now, compare that to a start-up business. Here, you have to start from scratch, build up an image and then finally see some profits. During this long course of action, you may make such mistakes that can seriously jeopardize your financial health. Hence, why will you take such risks when franchising businesses are available?
• Almost anyone can enter: The door to franchising business is open for anyone interested in the business. If you have the right temperament and the required money, you are bound to find a franchisor of your choice. That is why from war-returned veterans to white-color corporate workers – you will find all of them in the burgeoning franchising business. The comprehensive training provided by the franchisor make them fit for running the franchised unit by the time it opens. Furthermore, the franchisor is always there to get the franchisees out of any problem. Weigh that against standalone businesses and you will understand that here, you will need some amount of business sense or background to succeed. Moreover, there is no one to guide you in time of need.
• The budget range fits every pocket: When you start a franchising business, you know how much initial investment you are required to make. All the details will be there in the franchisor’s UFOC. What’s more, there are certain franchising businesses that can be started with an investment as low as $25,000! But with standalone businesses, you will never know how much money you will need. There is no one to give a sketch; you have to make an estimate of your own. A slight deviation from that estimate can put you in trouble.
Franchising can be a good entry to owning your own business. Of course, while a franchisor gives you the tools for success, it's up to you to implement them to truly make your business soar.
Franchising Is a Better Path to Success than Opening a StandAlone Business - To learn more about this author, visit Michael Hemenway's Website.
Like this article? Share it with your friends
There’s a funny thing about the franchising business. When the job market is shaky, like it is now, the franchising industry starts growing, because it is some sort of safety net that most ordinary Americans have in order to fall back on. There are several reasons why people choose franchise businesses over stand-alone businesses:
• It is virtually risk-free: Starting a franchising business means that you are following a successful business system. Your franchisor has done all the hard work and you are supposed to follow his footsteps; it has invented the wheel and all you have to do is check whether the wheel is running smoothly. You will be guided on every detail about each wing of the business. Now, compare that to a start-up business. Here, you have to start from scratch, build up an image and then finally see some profits. During this long course of action, you may make such mistakes that can seriously jeopardize your financial health. Hence, why will you take such risks when franchising businesses are available?
• Almost anyone can enter: The door to franchising business is open for anyone interested in the business. If you have the right temperament and the required money, you are bound to find a franchisor of your choice. That is why from war-returned veterans to white-color corporate workers – you will find all of them in the burgeoning franchising business. The comprehensive training provided by the franchisor make them fit for running the franchised unit by the time it opens. Furthermore, the franchisor is always there to get the franchisees out of any problem. Weigh that against standalone businesses and you will understand that here, you will need some amount of business sense or background to succeed. Moreover, there is no one to guide you in time of need.
• The budget range fits every pocket: When you start a franchising business, you know how much initial investment you are required to make. All the details will be there in the franchisor’s UFOC. What’s more, there are certain franchising businesses that can be started with an investment as low as $25,000! But with standalone businesses, you will never know how much money you will need. There is no one to give a sketch; you have to make an estimate of your own. A slight deviation from that estimate can put you in trouble.
Franchising can be a good entry to owning your own business. Of course, while a franchisor gives you the tools for success, it's up to you to implement them to truly make your business soar.
Franchising Is a Better Path to Success than Opening a StandAlone Business - To learn more about this author, visit Michael Hemenway's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
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 |
|||
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 |
|||
Dianne CramptonDianne Crampton is an executive leadership coach, team culture consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: 5 Winning Business Team Cultures And Why, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
|||
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 |
|||
Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
|||
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 |
|||
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 |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Michael's articles
 |
|
brandEXPANSION Hot Press - Stay up to date with the latest franchise news and opportunities with Hot Press, brandEXPANSION’s daily news and information website. Our staff of writers are dedicated to helping you make the most of your business and providing you information to make the best decision about which franchise industry is right for you.
|
|
 |
 |
|
Michael Hemenway Video - Michael Hemenway's brandEXPANSION represents only the best franchises for sale. We help you search and buy a franchise business for free. We can show you how to franchise your business.
|
|
|
 | |||||||
|
 | ||
 |
||
 |
||
|
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Great Sales Fallacies Coaching System Zero Based Budgeting Working with Wisdom SWOT Analysis Template |
|
 | ||
 |
Top 50 Blogs For Startups
Top Blogs To Watch In 2009 | |
 |
Top 50 Franchising Blogs
Top 50 Franchising Blogs | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
