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Exploring Franchise Opportunities In Today's Economy

Guest post by: Christopher Benoit

Article Overview: So many people today dream of business ownership as an alternative to the brick and mortar rat race we all grew up with. It's no wonder with the fragile economies and high unemployment rates that the world is facing right now, that more individuals are researching franchises and franchise alternatives than ever before.

Exploring Franchise Opportunities In Today's Economy

So many people today dream of business ownership as an alternative to the brick and mortar rat race we all grew up with. It's no wonder with the fragile economies and high unemployment rates that the world is facing right now, that more individuals are researching franchises and franchise alternatives than ever before.

When one thinks of opening a franchise, one immediately thinks of a burger or sandwich joint as the model of business. However, in this day and age, the options of franchise alternatives have grown more than ever before. Sure, you can still invest in burger joints, but if that's not your cup of soda, there are so many other alternatives available to the would-be business owner, many at a low cost to start up.

Whatever your personal interests, there are franchise business opportunities that will help you get started. Perhaps you're a parent and children are your life. In that case, there are many tutoring, inflatable jumping arenas and sports photography businesses that offer franchise opportunities to the inquiring business owner.

It could be thatyou are looking for work from home opportunities that will bring in a substantial income. Franchise alternatives exist here in the Internet realm whereby you can buy into other peoples working models. They offer you support and instructions on how to get started setting up web pages and driving traffic to them. For many, it's a turnkey type of business whereby you provide the traffic and point the traffic to another website that does the actual work. You make money as the middle man.

Some find that a businessoffering an opportunity to make money with no employees is the right way for them to go. This eliminates salaries and workers compensation insurances. They want a chance to work independently, get their own customers and do their own work. Opportunities like franchised lawn care companies, DVD kiosks and vending machine companies offer the industrious individual a chance to buy into a successful firm but remain their own boss, setting their own schedules and hours. Carpet cleaning is another area where hard working individuals can make money through a franchise opportunity.

Working from the comfort of your home can save you a lot of start-up costs and eliminate a lot of the headaches involved with owning your own business. You'll save a great deal of money on commuting and generate an income at the same time.

Christopher Benoit

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Article Tags: business opportunities, franchise alternatives, low cost brick and mortar, rat race, staring up a franchise business
Referred by: http://jaykubassek.com



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.
Re: Info for would be franchisers... - [quote="Sebastien":2gam0klq][quote="BuzzAroundBooks":2gam0klq]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.[/quote:2gam0klq][/quote:2gam0klq] That is really what I look for in any industry publication. We lead busy lives and when people fill their magazines with fluff, not only does it benefit no one, but it makes us truly appreciate those that don't. Thanks!


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