Your ultimate Franchise resource centre
Where do you Go To Get Franchise Information?
Starbucks, Vital
Dent, Alegra Printing & Imaging, The Little Gym, The Lawn Doctor, all
these businesses are franchise opportunities.
A franchise is a business model wherein the owner or the franchisor,
owns a well-known product or services. The franchisor gives the
franchisee license to sell and market his products or services, in
exchange for an initial fee and a percentage of the franchisee’s gross
receipts.
To get the franchise opportunity that’s right for you, here’s what you
need to know about yourself:
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• Reasons for
work: what are your work goals? Do you want to work part time and
spend more time with your family? Or do you want advance your standard
of living?
• What interests you? The franchise you pick should be one you like or
know you could learn to enjoy.
• What funds will you use to start the business? What is your credit
history?
Answering these three basic questions will lead you where you should
go for franchise information.
1. Keeping in mind your interests, do some preliminary research on the
industries in your area; is there a market for these products?
2. Access the Entrepreneur's Franchise 500, has an extensive listing
of the country’s top franchises at http://www.entrepreneur.com/franzone/listings/fran500.
3. Look at through the list, contact these companies and ask them to
mail company information.
4. Do rely too much on these company materials, do some independent
research too. So that the information you get is balanced.
5. Lastly, check if these businesses are listed in the Better Business
Bureau.
Dig further, look for facts and their bottom line as well, as how they
sell their products. If you do your homework well enough, you’ll get
the franchise that’s right for you!......
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