First, a word about franchising. Organized by Maria Anton-Conley, Maggie Iskander and Tracy Stapp, here you'll find the 411 on opportunities ranging from the tried and true, like McDonald's, Subway and Jiffy Lube, to newer franchises, like Mathnasium Learning Centers and Mama Fu's Noodle House. Ultimate Book of Homebased Franchises is the most comprehensive and powerful tool available for establishing a profitable homebased business today. It combines comprehensive franchise listingswith practical advice and in-depth facts on morethan 1,000 franchises--including contacts, costs, size, history, training, support, and franchise qualifications. We are the folks who publish Entrepreneur magazine, and for more than 26 years we've been telling people how to start and grow their own businesses.
So you want to own a business? They look like businesses that practically anyone can operate and make massive amounts of money in. Well, do you ever get gas? Finding Most people go to search for franchises. There are certain things companies that offer franchise opportunities have to do. Cash flow has to be credible. A question: Would you have a problem owning a cleaning business? Pick up a fast meal at the drive-thru? I mean how difficult can it be? On a positive note, there are several good firms around that do franchise development work.
You-the franchisor, receive 6% of that figure-from each franchise unit. Do serious research on them. Show that you understand how the financials are going to work in the real world. The Ultimate Guide To The World Of Franchising: Summation I hope you found the information I provided in this guide to be informative. Consider this book your cheat sheet-we've done a lot of the work for you.
Caffey, a franchise attorney, internationally recognized specialist in franchise and business opportunity law and former general counsel of the International Franchise Association, provides you with an overall look at the world of franchising. Profitability has to be credible. Get a cup of coffee at a place other than Starbucks? How to buy a franchise -- Ch. Definitely not a top-down forecast, meaning show a huge market and a small percent of market. Actually, he came up with what would turn out to be the first-ever installment plan. Branding Having a big, well-known brand behind you can do wonders for your business. Responsibility: Rieva Lesonsky and Maria Anton-Conley.
While it's likely there is an opportunity just right for you, not all opportunities are suited for everyone. Small Business Administration, and I helped put together the team of small business experts who write there. What will some of the sectors be in 5 or 10 years? Please click button to get ultimate book of home based franchises book now. Make sure you stress that the visit must be convenient for them. Chik fil A is a franchise. In-depth facts and figures: companies' contact information, costs, company size, training and support, franchise qualifications, financial-stability ratings.
Focused on entrepreneurs seeking options beyond joining the 9-to-5 work force, this all-in-one guide delivers practical advice and an expert overview of the franchise world, plus listings of the top homebased franchises. One of the most common flaws I see in business plans for competitions is absurd profitability, 30%, 40%, and more as profits to sales, in an industry in which the major players make 5% or 10% on sales. Author by : Susan C. Make it happen -- Sect. This opportunity may provide equity for the franchisees and their families. Home Services Owners of provide more than services; they help families free up their time to do other things.
The power that comes with being part of a network. Now, you have two lists that can help figure out what types of franchises to search for. What was once one of the beacons of franchising has sadly become just another Washington D. How the government protects you -- Ch. Who decides if an up and running independent business can actually transform itself into a franchise business? The Ultimate Book of Franchises provides information that is generally available on the web without purchasing the book. But, he still needed a better distribution method. Franchise Tip: In addition to phone calls and emails with current franchisees, you also need to visit one or two of them at their places of business.
More Franchise Sectors The information below except for a few specific franchise opportunities about the different franchise sectors, comes from Chapter 7 of my book, Become A Franchise Owner! Franchise development firms are also used by people who already have businesses up and running, but want to become franchisors. And that's where we come in. But, they were really expensive. Here you'll find information on everything from researching a franchise on the Internet to negotiating your franchise agreements. But if you do become a successful franchisor, the rewards can be tremendous.