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Automotive Franchise
 Look For Franchise Business Opportunities At The Right Places
Franchise Opportunity and Franchise Opportunities
Are You Right for a Retail Franchise
The Advantages Of Having A Business Service Franchise Over Another Franchise Systems
Franchise Gator Names Farrah Kennedy Vice President of Operations
Great Franchise Opportunities
Before Buying A Franchise There Are Important Franchise Information That You Need To Know
Find the web resources you need if you want to start a franchise business
Owning Lawn Care and Land Scaping Business opportunities
Franchise Business Home Based
Franchising Pros And Cons
Shopping For a Franchise
Seven Secrets to Buying a Franchise
Seven Secrets to Buying a Franchise
Things To Know Before You Buy Franchises How To Go About Searching For The Right Franchise
Buying Your First Franchise
Franchise Resolution In 2005
10 Tips for Researching a Franchise Opportunity
Franchise Opportunities Are Not Always As Good As They Sound
Financial Business Franchises
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Franchises - A proven Business System
Franchises offer the first time business owner a proven and successful business opportunity. If you are looking to start your own business for the first time, franchises provide you with the greatest opportunity for success. When you purchase a franchise from the "Franchisor", and become a "Franchisee", you are not only purchasing a business, but a complete business system.
Franchises have over a 90% success rate, compared to about a 15% success rate for those indidviduals starting their own businesses from scratch. Franchises have spent years developing and modifying their systems of doing business, and they pass that "trail and error" knowledge on to their Franchisees. Initial training exists for every aspect of the business, which can last anywhere from 1 to 2 weeks. Training usually takes place at one of the franchises existing locations or their corporate office. Training may consist of the day to day "hands-on" positions required to run the business, to marketing, hiring, purchasing, bookkeeping, management and supervisory techniques.
Assistance is available with "demographic" reports to aid in selecting the right location. Support is also available for lease negotiation and "build outs", if necessary. Pre-opening strategies and marketing materials for newspapers, print-ads, handouts, yellow page advertising, radio and even TV ads are are complete and professional.
During the first few weeks of business the Franchisor may provide its own personel to the Franchisee for assistance and support. This helps ensure a smooth opening. Additionally, once the business is open, a Franchisee will receive ongoing assistance and support from the Franchisor, not to mention support from the other franchisees, all who are all just a phone call away.
Once a year or more Franchise Meetings occur between the Franchisor and their Franchisees to exchange ideas, develop new techniques and startegies, and to compare progress and profits.
All of this is not free, of course. Franchisees normally pay the Franchisor an initial Franchise Fee, plus monthly royalties which can range from 3% - 12% of their total income per month. But it can be well worth it!
In owning a Franchise, you are in business for yourself, but you are not by yourself!
(Copyright 2005-ehbvi-www.businessventureinc.com)
(Copyright 2005-ehbvi-www.businessventureinc.com)
About the Author
Ernie Horning is Franchise Consultant and owner of multiple businesses. He is a former franchise owner and writes articles for www.businessventureinc.com
(Copyright 2005-ehbvi-www.businessventureinc.com)
Written by: Ernie Horning
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