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Franchising Is a Better Path to Success than Opening a StandAlone Business
Written by: Michael HemenwayArticle Overview: The market seems ripe for franchises to continue to grow. Here's why it's a good business move right now.
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Free Download - Factoring Offers Hope for Companies Struggling with Cash Flow By Michael Hemenway |
Franchising Is a Better Path to Success than Opening a StandAlone Business
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.
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About the Author: Michael Hemenway RSS for Michael's articles - Visit Michael's website  Click here to visit Michael's website   You Can Juggle a Franchise and a Family Numbers Show Employment Franchises Wont Slow Down Qualities to Look for in a Franchisor Factoring Offers Hope for Companies Struggling with Cash Flow The Small Business Administration Can Be a Powerful Ally for Franchisees |
Related Forum Posts
New Small Business Topic
- Hello everyone,
I'm on the lookout for new topics to add to my site. We just launched a Franchising section and are planning Human Resources section. Do you have any thoughts for a new section?
Here's a list of what we currently have:
Angel Investors
Branding
Bank Loans
Business Coaching
Business Plan
Franchises (New)
Insurance
Legal
Marketing
Public Relations
Sales
Small Biz Loans
Venture Capital
Re: What Sells Online?
- Its really true that gadgets, books and fashion wears are more in demand on the internet business.. But firstly, the assumption I am going to make is that you are looking to install an open source software. The one I recommend is Magento Commerce, which is an extremely powerful platform to use for any e-commerce business.
Tyrone Shum
Internet Business Path dot com
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Need help with understanding ecommerce? Visit my blog and learn how to profit from ecommerce.
Re: Hello EvanCarmichaelers, and Thanks!
- "Carmichaelers" ..nice.. Over at the Young Entrepreneurs I'm going to start calling my readers "DSilvelers" - I like the sound of that!
Welcome on board theFranchiseMarket. Do you run a Franchise Business or are involved in Franchising in anyway?
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.
Re: Books for the Entrepreneur
- Here's one of my most recent books
The 100 Absolutely Unbreakable Laws of Business Success
By Brian Tracy
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