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.
“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.”
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
Regardless of your business experience or skill set, if you are thinking of owning a franchise, here are some things you need to consider.
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.
Franchising enables you to take control of your careers by allowing you to own a business, with many added benefits someone starting on their own would not enjoy. Learn how the franchise model can help you achieve work/life balance.
Three leading franchisors were asked what they feel are key ingredients to the secret success sauce women in franchising have. Read what they said.
According to the International Franchise Association, there are 780,000 franchise establishments that produce $890 billion of economic output for the U.S. economy, which makes one thing clear – franchising is a path many people take. Take a look at some of the reasons why.
Are you going to resolve to start a business in 2017? Do you want to hit the ground running in January? Then get started NOW! Beat the New Year’s rush and get your conversations started.