Business Franchise

Starting up your own new business involves risk. The number of new businesses which do not make it within their first two years is much higher than the ones thats see some success. It's your own individual circumstances and personality which can determine if you afford the risk of your business failing depends. The best way to reduce the risk of failing is to consider buying an online franchised business.

Running a an online franchise business isn't for any Tom, Dick and Harry. Before making this your full time business venture of the future, you better be sure that you are a good fit for this type of business ownership. There are a few major factors to take into consideration when deciding whether an online franchise is for you. Here are a few pieces of advice to help you begin you own online business franchise:

Do some browsing all around the web looking for an online business franchise that has something which interests you such as a hobby. Running an online business is just the same as running any other business. It runs best when you and your workers enjoy everything that it entails such as the product or service. There are a number of different business directories online that can provide you an overview of the various national franchising opportunities depending on the industry.

Assess your financial situation and make sure you have enough funds to purchase this new online business franchise. Many franchising companies are leery of letting just anybody sign up to become one of their online franchises so they have a minimum financial amount set which potential owners must meet. If you have the ability to, apply for a small business loan to meet the majority of that franchising fee. The rest of your assets should be used as a startup fund for the new business venture.

Before you sign any paperwork on closing the deal, ask yourself if there is enough of a demand for your product. Is this something that you can see people purchasing enough of to make a profit? How many other franchises like yourself already exist and will that affect your business? Operating a successful online business is all determined through the high demand niche of an Internet company which meets a wide range of needs.

If you don't have one already, then it is best for you to write up a business plan. This is used to state all of your plans of action and financial goals to the franchising companies, lenders and investors. It outlines how you will selling products and how you think you can help you and the franchisee become a successful player in your niche industry. The plan will contain profit projections as well as monthly operating costs showing long-term commitment to the franchise.

As part of your franchise application, spend the time and money to create some different promotional materials and a top notch marketing plan. The franchising companies provide logos, slogans and other materials needed to brand their products so you won't need to worry about any of that but it isn't a bad idea to create your own local and regional advertisements to mix with these branding tools.

Article Source: TL Kleban

Labels: finding a successful online business, online business franchise, successful online business, successful online business franchise, tips for finding a successful online business franchise

An online home based business franchise is nothing more than an authorization to sell a company's goods or services in a particular place or globally for that matter. The understanding allows you the seller or partner to operate by their guidelines, or to operate a business that carries the company's name. Let's examine some of the features and monetary gain to see how home based business franchises are nothing more than the new opportunity to own your own home based business.

Why a franchise:

The home based license agreement is not what the attraction is but what can it offer the new business owner. The real benefits of owning a home business franchise in my opinion is not to beat down the door of mom and pop stores to get them to sell or buy your product. The real intent of a home franchise is put the time, effort and money if you have it and the rewards will pay in many years to follow.

Standard features and benefits for the home franchise:

A well laid out business system or model. Every step in the model laid out where you can put things in action immediately. A duplication method for training the newly acquired business owner. The companies respectability and reputation for the industry their in. A call to action of advertising and marketing where the owner has access to duplicate or learn from.

The majority of non franchise businesses are modeled after a traditional business model where they have employees, insurance and a store. This can lead to headaches and pointless time and money just wasted and exhausted for nothing. Where the way of trial and error could take you weeks, months or even years to master. Every new venture will have problems no matter what your in that's just the way of doing business. But with a Home franchise that has a lot of problems resolved and duplication established, all the new business owner needs to do is take action and start putting them into place.

It's not hard to see many advantages of a home based business franchise when compared to a traditional business that cannot be duplicated. Basic practices for marketing, advertising, constant training, can be more efficient and economical in the long run for a home based franchise.

So the benefits are there in home based business franchises so what next?

So its like i said before a franchise is nothing more than a Home based business or a legitimate opportunity to represent a company where you are allowed to brand yourself as a leader that has something someone would like to have. Many home business franchises opportunities are just that but all of them are not created equal.

With that in mind, the appearance and payback listed above is just some pieces of the puzzle. The best internet business ideas where the potential Income is low ticket items and upfront money is the wrong way to go. This should be looked at in more detail and not overlooked because you could be putting in a lot of effort with no monetary gain in sight. The home franchise is not a get rich scheme or a small amount of money ratio like a side job cutting the lawn. It is in fact a serious business where you have to treat it as one.

Do all of these facts relate to every home business online; of course not? But if you are looking for a home franchise where you can duplicate the efforts of the original company and total duplication you need to take it seriously when you are looking to start a franchise. I have a lot of experience in this cause it's what i do for a living.

In summing up anybody looking for a home based business franchise or home business opportunity needs to see if the company has a model in place with total duplication then make your choice and get to action on becoming a branded franchise owner.

Article Source: Jason Bronson

Labels: home based, home based business, home based business franchise, new opportunity

Franchising a business has never been an easy task for common men to manage by themselves. Therefore people can easily find companies that offer franchises & businesses to own, it's one of the most common and useful methods in today's world. Using such companies or brokers of whom can easily assist you in your dream of owning a franchise business. They can also assist you if you need to sell your own franchise if you wish to do so.

Business franchising is the most common way to own a business. If you're planning to give up your job to work for yourself, you should consider a business franchising option which is easily attainable. It allows you to run an affiliate business of any popular business (owned by anyone, anywhere in the world), providing you with a business gateway that's been tested and is running successfully in other parts of the world. It also provides you with a quality franchising opportunity to take advantage of the experience and industry awareness of the franchiser.

Business franchising can be an advantageous business to adopt. Initially, in some cases you must raise considerable capital in the form of franchise fees, which can repeatedly run into the tens of thousands. This can be used to finance the development of the franchise opportunity, and can also make the promoter of the franchise predominantly rich. Similarly, many business franchising opportunities also require a share of revenues to be paid from each franchisee in royalties, providing an on-going income to the business.

Business franchising allows a business to achieve success quickly, which is usually not possible using the ordinary tactics of business. Thus franchising is one of most useful tactics which is really worth performing. So if you are interested in finding the best franchising opportunity or need to find a franchising consultant simply log on to Franchise To Own and get the solutions for all your franchising needs.

Article Source: Akbar Khan

Labels: advantages, advantages of business franchising, business franchising, franchising

Between 2004 and 2005, the number of Franchise 500 companies increased by 11 percent, which is significantly greater than the previous year's growth of 4 percent. This growth in both major and small business franchises is a reflection of American's desire to build their dreams of entrepreneurship. Corporate employees are looking now to own their own businesses, and so there has been significant growth in some specific small business franchises that does not seem to be slowing down.

If you are interested in small business franchises to start your own company, there are some that are forecasted to see significant growth over the next few years. You need to look closely at your interests, the time you have to offer, and the amount you want to spend on a small business franchise before you determine which one is best for you. Once you know what direction you would like to take with your small business franchise, you may then want to consider which of the small business franchises will be best for you and your situation.

One of the small business franchises that is growing in popularity is the do-it-yourself meal preparation business. People are working longer hours, most households are two-income based, and families no longer have time to do the work associated with preparing a nice family meal. These hot small business franchises are growing rapidly, because it fills a need that many families have. If you like to cook, this may be the small business franchise for you.

If you are an eBay aficionado or you like to buy, sell, and work with the computer, eBay consignment stores may be on your list for small business franchises. These new, and rapidly growing, small business franchises offer people the opportunity to drop off their items with you to sell for them on eBay. Many of these people who would use your service do not want to learn to sell on eBay and would never do it if it was not for these small business franchises.

Small business franchises for pets and children are also popular and continue to grow. If you love pets, you have the options of a variety of small business franchises from pet sitting, dog walking, and training to pet supplies and scooping poop. The possibilities seem endless as Americans grow closer and closer to their pets. Children also provide a number of small business franchises, as specialty services like day-care and tutoring area are always needed.

Read the rest of the article here: Small Business Franchises.

Article Source: Charles Fuchs

Labels: business, business franchises, franchises, small, small business franchises

The safest and risk-free way to start up a successful business is through business franchising opportunities. However, running a franchise is not for everyone. You will need some time to be able to fully understand what it entails - especially the selling aspects - before you decide to buy a business franchise opportunity. Business franchise opportunities are increasing internationally. This is because the business franchise opportunities and the franchising model is proven and successful. Here are the important tips for identifying and selecting the best business franchise opportunities.

Choose a franchise business that you will enjoy

The most important factor of all is buying a business franchise opportunity that you will enjoy. You will succeed when you truly enjoy the products and/or services that your business offers, and the customers and markets, then you will learn the skills rapidly. Enjoy the business so you will likely possess a good deal of knowledge about it.

Being an expert and a specialist at what you do is essential to running any business franchise opportunity - enjoyment and expertise naturally go hand-in-hand. If you find pleasure and a joy in what you are doing, you will find it easy to specialize and become an expert in that area. Your enthusiasm will be felt by your customers and everyone you meet. When you enjoy the business franchise opportunity you have, it will inspire and excite you and will naturally try your best not to fail the business.

Are you suited for franchising?

Like any new business venture, you need to carefully consider if you have the right skills and attitude to take a business franchise opportunity.
When taking a business franchise opportunity you must be prepared to sell. A business blueprint is given to you not the customers. Working hard is necessary ad you can spend long hours. Make sure you have the necessary stamina. Running your own franchise can be stressful. You should ask yourself - "How do I react when I am pressured?" You may take a business franchise opportunity because you want to be your own boss. Ask yourself if the time required on this business is okay with you.

Assess the business franchise opportunity

To assess whether a business franchise opportunity is suitable to you consider this things:

• What the business franchise is and how it operates?
• Where to put up the franchise?
• How your competitors doing?
• If the franchisees is stable enough?
• How much training and support you need when starting up?
• Do you agree with conditions and restrictions in the franchise agreement?

The franchisor will provide everything you need but do not rely on this. Search the internet and investigate. Ask other franchisees and banks for franchise experts. Make sure to review the contract before signing anything, get a professional advice if necessary.

Article Source: Beverly Maniago

Labels: business franchise opportunities, how to find business franchise, how to find business franchise opportunities, opportunities

The following franchises are some of the industry's best franchises for car enthusiasts. They are not ranked in any particular order and all serve different aspects of the automotive market. If you are interested in a franchise that deals with cars or the automotive industry then read the following list and you will be well on your way to finding the best franchise for you.

#1 Maaco Collision Repair and Auto Painting Franchise

Car enthusiasts love the Maaco Collision Repair and Auto Painting franchise even though they don't have to be experts to run this business. The Maaco system really takes care of everything. With this franchise you will not worry about being out in the market with no support. There is technical expertise available, market development, and even hands on training. Assistance is offered for real estate purchases and financing, and even crew training and recruitment aren't left for you to take care of on your own. Requirements for investment include $75,000 of liquid capital and a net worth of $300,000.

#2 Mr. Transmission Franchise

Another one of the best business franchises for car enthusiasts is the Mr. Transmission franchise. Investment requirements include a total capital investment of $149,000 - $192,000 with $50,000 of liquid capital required. Third part financing is available and support and training are offered. Mr. Transmission franchises offer outstanding opportunities because they provide brand awareness, technical support, development programs, marketing support, management training and support, and much more.

#3 Interstate Batteries Franchise

Interstate Batteries is a wonderful franchise opportunity, although it does require a bit more investment than some of the other franchises. Interstate Batteries requires an initial investment of $500,000 with $200,000 of liquid capital. Financing assistance is not offered, but training and support are.

You should consider Interstate Batteries if you want a business model that has been successful for more than 50 years. The battery market is expected to grow consistently and the market sells billions of dollars of batteries each year. So, taking advantage of this market with your own Interstate Batteries franchise is a great opportunity to make a good living. Some markets that are just ready and waiting for an Interstate Batteries franchise include North Carolina, Alabama, Texas, Florida, Colorado, Tennessee, and Georgia.

#4 Precision Tune Auto Care Franchise

Precision Tune Auto Care requires a total capital investment of $120,200 - $215,275 and a required $70,000 - $90,000 in liquid capital. A net worth of $150,000 is also required. Financing assistance is offered as well as training and support.

Precision Tune Auto Care provides a business model that not only provides the best service to the vehicles, but the best service to the customers as well. This is an outstanding franchise opportunity because everyone drives a car and all cars need service at some point so you are guaranteed customers every day.

#5 Priceless Rent A Car Franchise

The Priceless Rent A Car franchise requires a total investment f $100,000 - $300,000 and liquid capital of $25,000. Third party financing assistance is offered and training and support are as well. The Priceless Rent A Car opportunity takes advantage of the growth in the car rental market and you can capitalize on this growth with your own Priceless Rent A Car franchise. The market is competitive, but with this franchise you will be offered fleet financing training, support, software and website, roadside service, fleet planning, national marketing, and more.

#6 Grease Monkey Franchise

The Grease Monkey franchise requires a capital investment of $120,000 - $220,000 and a net worth of $300,000. Third party financing is available as well as training and support.The Grease Monkey franchise takes advantage of the fact that individuals like to keep their cars in excellent condition. Preventive maintenance is important to car owners and that is exactly what Grease Monkey provides!

#7 Big O Tires Franchise

Big O Tires is a great franchise for car enthusiasts and although a bit expensive to get into provides great return on investment. The total capital investment is $284,800 - $526,800, liquid capital investment is $100,000, and required net worth is $300,000. Third party financing is an option. Franchisees of Big O Tires will enjoy training and support to help the franchise become North America's number one tire retailer. Marketing, training, support, and product line are all offered to the franchisee.

#8 Private Party Cars Franchise

If you are a car enthusiast and you want to own your own successful business then a Private Party Cars franchise might be the business for you. Most people sell their car when they are ready to buy a new or used one. And, of the used cars sold each year the vast majority are by private parties. The Private Party Cars franchise brings buyers and sellers together. This is a hot market that will stay that way for years to come.

Private Party Cars is a franchise that requires a total capital investment of $90,000 - $487,000 and liquid capital of $75,000. Financing assistance is available via a third party and training and support are offered.

#9 ClearBra Franchise

The ClearBra franchise takes advantage of the market of individuals who want to protect their vehicles. People invest a lot of money in their cars, and protecting them is important. That is why a ClearBra franchise is so successful. The product sold is a clear, protective coating installed on the front of a car to protect the lights and paint. It can be applied to other parts on cars, RVs, motorcycles, boats, and more.

To purchase a ClearBra franchise you will need $102,800 - $193,000 with a liquid capital of $40,000. Third party financing is available and training and support are provided.

#10 Alloy Wheel Repair Specialists Franchise

Incredible earning potential matched with a large gross profit is what Alloy Wheel Repair Specialists franchises are all about. Body shops and car dealers frequently need alloy wheel repair and this franchise offers just what they need, on site! This franchise has very little competition and requires a low capital investment of $60,000. Training and assistance are provided.

Article Source: Raymond Lawrence

Labels: car enthusiasts, franchises for car enthusiasts, ten business franchises, top ten business franchises

Franchises are very popular at the moment and more and more people are choosing to buy one as opposed to starting out by setting up their own business.

By purchasing a franchise you are effectively taking advantage of the success of an already established business. As the 'franchisee', you are buying a licence to use the name, products, services, and management support systems of the "franchiser" company. This licence normally covers a particular geographical area and runs for a limited time. The downside to a franchise is that you will never actually legally own the business.

As a franchisee, the way you pay for the franchise may be through an initial fee, ongoing management fees, a share of your turnover, or a combination of these depending on how you have set up the franchise.

A franchise business can take different legal forms - most are sole traders, partnerships or limited companies. Whatever the structure, the franchisee's freedom to manage the business is limited by the terms of the franchise agreement.

For more information about buying a franchise please visit the British Franchise Association website.

Is it worth investing in a Business Franchise?

The simple answer is yes. However, it is important that you follow some careful steps before buying into a Business Franchise.

The good news is that there is information to suggest that the Franchise Business sector is still growing rapidly. During 2007 the Nat West Bank carried out a survey into the UK franchise market which revealed the astonishing financial growth of this sector. The approximate annual turnover of the business franchise sector is in excess of £10.8 billion. What is more interesting to note is that the vast majority of Business franchisees are in profit - a total of 93% to be exact! In 1991 the total number of profitable franchisees was 70% and in 2004 it was 88%. Therefore, this business sector is growing and there is a reason for it.

Why is it growing?

The simple reason is that a Business Franchise is usually tested first before it goes to market. If it works in one area, then there is a very strong chance that it will grow in others. As an example, take a moment to think about popular franchises such as Dominoes or McDonalds. They are literally everywhere, proving the fact that if there is demand in one area of the country, there will be similar demand elsewhere. The reason for this is because generally we are all the same, as people that is and we tend to follow trends. If 100 people like eating Dominoes pizza, then eventually there will be 100,000 that do! It's simple science but it is worth thinking about when buying a franchise. The only downside to this philosophy is that the more demand there is, the higher the cost of the franchise.

Getting in at the right time.

The most effective way to turn your initial franchise investment into a successful profit is to buy in at the right time. That is, to buy into a franchise in a 'key' area and at a time when the franchise is generally unknown to the masses. The benefit of this method is that is a franchise is new and not very well known, the vendor cannot demand a high price for their franchise. The downside to this method is that you, as the franchisee, take the risk that the business as a whole may not grow into a hugely successful business.

Carry out lots of research before you commit.

The first piece of advice, and probably the most important, is not to part with your cash until you are absolutely sure you will see a return on your investment (ROI). Do not, and I repeat, do not part with your cash simply because you are eager to 'own' a business. Owning a business may appear to be exciting and a way of impressing your circle of friends, but in reality it is hard work and often difficult to get off the ground. That is why you must carry out plenty of research first before you commit to anything.

You need to also be aware that running a franchise can sometimes be frustrating. As a franchise owner you are doing exactly that - owning a franchise. You do not 'own' the entire business but instead you own the rights to use the brand and operating structure and resources. For some, this can be frustrating. As a franchise owner there will be plenty of rules and guidelines to follow, which is why you must make certain this is for you before you commit.

If you buy the franchise, and then a later date decide that it is not for you, then the franchiser could include a clause in the contract that states you must sell the franchise back to them for 'X' pounds. After this has happened, what do you think the franchise operator does? Yes that's right, he sells it to someone else for a handsome profit! So the first thing to do is to make sure you are 100% certain that you will feel comfortable with owning and running a franchise.

The next thing you need to ask yourself is what skills do you have. Remember in the first lesson, 'The Business Idea', we asked ourselves 3 important questions:

1. What am I good at?

2. What do I enjoy doing?

3. What are my experiences?

Before you invest in a franchise or choose one you should ask yourself these important questions again. The answer to these questions will help you to determine which is the best franchise for you. For example, if you like working alone and don't generally enjoy meeting people, then a franchise that involves serving customers is probably not for you. This type of business, where you are engaging face to face with your customers, can be difficult so think carefully about what type of business would best suit you.

Raising the finance to buy your franchise.

Before you decide on what franchise to invest in, you need to first decide how much capital you have to play with. This may sound strange, finding the money before the business, but there is a reason for it. Imagine attending a business franchise seminar or exhibition. You spend all day going round the stalls and stands and set your heart on one particular franchise which costs £20,000 to purchase. You go away and start to see if you can raise this kind of capital, only to realise that there's not a cat in hells chance of you finding this quantity of money. On the other hand, imagine going to one of these exhibitions knowing exactly how much money you have to play with. Now you are ready to choose the right franchise that is within your budget, something that is very important.

Some banks will lend you the money to buy the franchise depending on the economic climate, your previous track record, your financial standing and of course your business plan. Whilst it is possible to get a good business loan rate, there are better ways to raise the money.

The first method is to borrow from friends or family. The reason why this is usually a better way is:

1. The risk is significantly reduced. You will not have to put forward your property as security.

2. They are more likely to accept a longer repayment term and lower repayments.

3. They will not expect a large return for lending you the money.

Whilst all of the above are positive aspects, if you fail to make back any payments that are owed you then you are likely to lose close friends and family and sometimes things can even end up in court.

So, probably the best way to raise the finance is through friends and family, but make sure you proceed with caution!

Article Source: Richard McMunn

Labels: buying a business, buying a business franchise, what to consider