The dream of getting into business for one’s self can be realized a variety of ways, from working at home to opening a store front down town, to buying into a franchise. Franchise opportunities have a number of advantages to the budding entrepreneur. 1) Pre-existing customer-base! This is a huge benefit to the new business…
A new franchise opens every eight minutes of every business day, according to the International Franchise Association (IFA). But how much do they really generate in sales? IFA reported franchises bring in more than $800 billion in annual sales. They also noticed a trend that the economic downturn is actually driving franchising with an influx…
When you’re looking for it, you realise that franchise businesses are absolutely everywhere. Franchises offer people the opportunity to run their own business without the initial investment and high risk factor. It is a well-known fact that the majority of start-up businesses fail within their first year of operating. However, franchises are proven to perform…
Working on a 9 to 5 job is not for everyone. It was something that I could never accept. I have always planned to run my own business, but investments were a problem initially. With time I saved up enough money and invested in a home based business that I ran from home. It not…
Franchise businesses are just about everywhere you look. Some of the biggest brands in the UK are run by franchisees. When a business proves to be successful, the owners sometimes decide to offer this business model to franchisees. Those who buy into the franchise are given the use of trademarks, products and services, all according…
Most people who want to start their own business usually cite reasons like independence and money. Unfortunately for most new business owners, you can’t have your cake and eat it too. Katie Fagan, of franchise consulting group FranNet, told Palo Alto Online that only 16 percent of start-ups are still in business after 10 years,…
