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Franchising with all its Success
Written by: Michele SlevinArticle Overview: This article shows point on why franchising is a better business venture.
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Free Download - Franchising with all its Success By Michele Slevin |
Franchising with all its Success
Franchising has been on the rise for ages because it's one of the most effective ways of becoming a successful business owner. Let's dwell on that for a minute. When you purchase a franchise, you are buying into a proven franchise system that you know will be automatically recognized by the public. People in general are more comfortable with familiarity. People are more apt to frequent establishments that have a franchise brand and/or service. After all, are you going to stop for lunch at Harvey's Hamburger joint or are you going to McDonald's?
Statistics show that 93% of franchise owners feel that owning a franchise gives them the advantage over their non-franchise competitors. Of course the three L's of a successful business does help... Location, Location, Location!
Benefits of owning a franchise include an already established proven concept, less risk because of much lower start-up investments and training that is provided by the franchise with ongoing support to name a few. Your initial investment consist of franchise fees and then most franchisees finance the rest of their project with franchise loan specialists. Feel free to visit www.theslevingroup.com or email michele@theslevingroup.com to learn more about financing a franchise or finding one that's right for you.
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Article Tags: business owner, establishments, familiarity, franchise fees, franchise owners, franchise system, franchisees, hamburger joint, initial investment, investments, loan specialists, location benefits, location location location, lunch, mcdonald, michele, ongoing support, owning a franchise, risk, successful business
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About the Author: Michele Slevin RSS for Michele's articles - Visit Michele's website  Click here to visit Michele's website   Listen Why doesnt the SBA include franchise territories in their loans and how am I supposed to finance the territory Franchising with all its Success The Greatest Failure Buying Financing a Franchise |
Related Forum Posts
Re: Re Franchise etc
- [quote="bmueller47":e0j0nu4t]Can you see a shift of various types of franchises? What I am thinking about is that today it is more difficult to create franchises, that has great appeal. More and more people want to have their business, but no interference of someone else.[/quote:e0j0nu4t]
Not sure what you mean exactly but it is certain that more and more people want to have their own business but not more and more people know what they really want to do, or how to do it. And that's what franchising is all about. Franchising is not for an entrepreneur. An entrepreneur will do his own thing. People who buy franchises want a turn key business, with a proven model. Franchising in the US had never been that good. I don't have the exact numbers in mind but I know for sure that franchising is growing more and more as people are getting more and more aware of this business model.
Franchising vs. Licensing?
- What is your opinion on Franchising vs. Licensing? Which is better?
Nominations for a new Franchising Moderator!
- Is there anyone you'd like to nominate as our Franchising Moderator (or volunteers for the position)?
Great Article, chock full of info.
- Ian,
Thank you for linking your article regarding Licensing vs Franchising.
Its a good read.
Re: THE SECRET TO SUCCESS IS ALL IN YOUR HEAD...RIGHT NOW!!!
- Success = Thinking (Head) + Heart (Feeling / Interest) + Hand (doing/ action).
Success - H3
Robert
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