What Sets a Small Business Franchise Apart
What Sets a Small Business Franchise Apart
Obviously, there are going to be benefits and setbacks inherent to each, but that final option, the franchise business, provides some of the best business advantages available. If you’ve been curious about the possibility of initiating a small business franchise, here are some of the advantages that drive many businessmen into the franchising end of small business.
Established Business Plan
The greatest benefit of starting any kind of franchise is that you receive a business plan that has already been tested and proven successful in a number of different geographic and economic environments. Not only is the essential idea behind the business a proven plan, but the day-to-day practices have been refined to meet changing demands and overcome various obstacles that other franchisees have faced over the years that the business has been in operation. By the time you get it, the business itself is hardwired for challenges that you may not even see on the horizon. Any franchise opportunity is a good example of this, but for the sake of simplicity, just look at Real Property Management. Even the franchisee who has never worked in the lucrative property management industry can start up this business with confidence because the whole system, from advertising to property maintenance, is laid out from the beginning, and all the franchisee must do is apply it to his situation.
Low Purchase Price and Low Overhead
The premade business plan is an innate part of any franchise, but a low cost isn’t. Many franchises, like restaurants and hotels are very expensive to purchase and operate, but a small business franchise is a different animal entirely, and one of its greatest attributes is that the purchase price and overhead costs are profoundly low. MonitorClosely.com is one such home based business that, at the outset, only costs up to $29,000. And because of the way this seller of surveillance equipment operates, placing customer orders online as they come in, there is no need to keep stock on-hand, lease office space, or hire any employees. Overhead is little more than business taxes, advertising costs, and office equipment maintenance. And this kind of business structure is not at all uncommon.
Initial Training and Ongoing Support
Those who go into business for themselves have the full responsibility of learning what they need to make their business work; if they succeed or fail, it all rides on them. With a franchise, however, that is not the case, because there is always a franchisor and central staff available, to first teach you how to operate a business you may not know anything about, and then to stand by your side and help you see it through to its fullest potential. For example, CareMinders Home Care franchisees are thrust into the world of in-home care of the sick and elderly, but are never left to fumble around and figure it out. Instead, they are constantly provided updated training and business support as the industry of home care continues to expand and learn better ways of operation. Their catchy motto is that franchisees are "in business for themselves, not by themselves."
Being Your Own Boss
This is one of the primary reasons that the average businessman pursues a career in any corner of small business, it applies to franchises as much as it does any other small operation. It may seem that there is a great deal of franchisor involvement in a franchise business, and in fact there is, but their goal in helping is to make a strong franchisee and a profitable business that fares well under his leadership. And as that happens, the franchisee is more ready to make independent decisions that will benefit both his specific franchise and the greater business as a whole. For example, particularly on the day-to-day level, work from home franchisees with the The Glove Lady, have absolute freedom to attend to any part of the business of selling gloves and safety equipment as time and circumstances permit.
Financial Independence
Unlike continuing to work for someone else, purchasing and operating a small business franchise allows an entrepreneur the opportunity to take his financial status upon his own shoulders and move out from under a boss who profits from his services. Some franchises come with royalty fees, but beyond that, all profit made in the business belongs to the owner. Aside from uncontrollable economic factors, the franchisee is the only one who determines how far his business and his bank account will go. Like a ServiceMaster Clean franchisee taking the helm of one of the most successful cleaning franchises available, every franchisee has sole decision of where the business will go.
Business opportunities abound for any entrepreneur, but none are quite like the small business franchise. And the best part about this kind of business is that there are opportunities in a number of different fields, so whatever you care about or are interested in, there is a small business to match that. Find your business and reap all the benefits of small business franchises in the way that works best for you.
What Sets a Small Business Franchise Apart - To learn more about this author, visit Candice Clem's Website.
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In the United States today, small businesses are responsible for much of the nation’s economic and employment successes. 99% of US businesses have 500 employees or less, which constitutes as a small business, and these businesses employ just over half of all working US citizens. For these and many other reasons, going into small business for yourself is becoming an increasingly popular business move. But deciding how to best go about doing that can be a difficult task. Do you come up with a brand new idea and start a business around it? Do you find an existing market that you’re interested in and join the competition for clients? Or do you find a franchise whose business you like and join their ranks?
Obviously, there are going to be benefits and setbacks inherent to each, but that final option, the franchise business, provides some of the best business advantages available. If you’ve been curious about the possibility of initiating a small business franchise, here are some of the advantages that drive many businessmen into the franchising end of small business.
Established Business Plan
The greatest benefit of starting any kind of franchise is that you receive a business plan that has already been tested and proven successful in a number of different geographic and economic environments. Not only is the essential idea behind the business a proven plan, but the day-to-day practices have been refined to meet changing demands and overcome various obstacles that other franchisees have faced over the years that the business has been in operation. By the time you get it, the business itself is hardwired for challenges that you may not even see on the horizon. Any franchise opportunity is a good example of this, but for the sake of simplicity, just look at Real Property Management. Even the franchisee who has never worked in the lucrative property management industry can start up this business with confidence because the whole system, from advertising to property maintenance, is laid out from the beginning, and all the franchisee must do is apply it to his situation.
Low Purchase Price and Low Overhead
The premade business plan is an innate part of any franchise, but a low cost isn’t. Many franchises, like restaurants and hotels are very expensive to purchase and operate, but a small business franchise is a different animal entirely, and one of its greatest attributes is that the purchase price and overhead costs are profoundly low. MonitorClosely.com is one such home based business that, at the outset, only costs up to $29,000. And because of the way this seller of surveillance equipment operates, placing customer orders online as they come in, there is no need to keep stock on-hand, lease office space, or hire any employees. Overhead is little more than business taxes, advertising costs, and office equipment maintenance. And this kind of business structure is not at all uncommon.
Initial Training and Ongoing Support
Those who go into business for themselves have the full responsibility of learning what they need to make their business work; if they succeed or fail, it all rides on them. With a franchise, however, that is not the case, because there is always a franchisor and central staff available, to first teach you how to operate a business you may not know anything about, and then to stand by your side and help you see it through to its fullest potential. For example, CareMinders Home Care franchisees are thrust into the world of in-home care of the sick and elderly, but are never left to fumble around and figure it out. Instead, they are constantly provided updated training and business support as the industry of home care continues to expand and learn better ways of operation. Their catchy motto is that franchisees are "in business for themselves, not by themselves."
Being Your Own Boss
This is one of the primary reasons that the average businessman pursues a career in any corner of small business, it applies to franchises as much as it does any other small operation. It may seem that there is a great deal of franchisor involvement in a franchise business, and in fact there is, but their goal in helping is to make a strong franchisee and a profitable business that fares well under his leadership. And as that happens, the franchisee is more ready to make independent decisions that will benefit both his specific franchise and the greater business as a whole. For example, particularly on the day-to-day level, work from home franchisees with the The Glove Lady, have absolute freedom to attend to any part of the business of selling gloves and safety equipment as time and circumstances permit.
Financial Independence
Unlike continuing to work for someone else, purchasing and operating a small business franchise allows an entrepreneur the opportunity to take his financial status upon his own shoulders and move out from under a boss who profits from his services. Some franchises come with royalty fees, but beyond that, all profit made in the business belongs to the owner. Aside from uncontrollable economic factors, the franchisee is the only one who determines how far his business and his bank account will go. Like a ServiceMaster Clean franchisee taking the helm of one of the most successful cleaning franchises available, every franchisee has sole decision of where the business will go.
Business opportunities abound for any entrepreneur, but none are quite like the small business franchise. And the best part about this kind of business is that there are opportunities in a number of different fields, so whatever you care about or are interested in, there is a small business to match that. Find your business and reap all the benefits of small business franchises in the way that works best for you.
What Sets a Small Business Franchise Apart - To learn more about this author, visit Candice Clem's Website.
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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 |
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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 |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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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 |
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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 |
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