When prospective entrepreneurs take notice of a growing brand, they may have aspirations of opening a franchise location of their own to capitalize on the apparent potential. Unfortunately, there is no way to tell from looks alone whether a given brand is actively offering franchise opportunities.
Fortunately for those seeking out the best small business ideas for themselves, franchising often fits the bill. It’s always wise to minimize risk, and there is a significant benefit to launching a business that has already proven a capacity to succeed and grow.
My Salon Suite’s CEO chats with FBR about their unique business model and how they continually help their franchise owners build success and grow their businesses.
“From a business perspective, being part of the franchise network gave us the resources to build the business more rapidly and effectively than we likely would have been able to on our own. From a personal perspective, the business has given us a great deal of flexibility; far more than we would have had working for someone else.”
Get a feel for what female franchisees think of franchising and what their lives are like by reviewing the data highlights from Franchise Business Review’s survey of 6,400 female franchisees.
Investing in a franchise is not something to do without first finding out all there is to know about the opportunity you are interested in. One of the best ways to do so, is to ask both the franchisor and franchisees pointed questions and then analyze their responses
Victoria Schafer talks to FBR about how investing in a TSS Photography franchise has enabled her to expand her customer base and enjoy more flexibility in addition to her feelings about being a franchisee.
Regardless of your business experience or skill set, if you are thinking of owning a franchise, here are some things you need to consider.
The largest barrier when it comes to opening a franchise is typically access to capital. Fortunately there are a variety of ways you can fund your franchise investment.
To help get you started when it comes to identifying a franchise you’ll enjoy owning that can meet both your personal and financial objectives, Franchise Business Review asked a group of successful female franchisees who work in a variety of industry sectors – travel, senior care, cleaning, paint & sip, and photography – to share their thoughts with you.