| Thinking of Buying a Franchise? | | | | inventory, payment on the business loan, and don't |
| At some point most Americans realize working for | | | | forget to send the franchisor a monthly royalty of |
| someone else in this day and age could be a dead | | | | 4%-8% of the TOTAL SALES (not of profit)!!! |
| end or even worse an un-secure situation. Let's face it | | | | Once you narrow exactly what your are looking for |
| a "real job" just doesn't cut it anymore and is a far cry | | | | make sure it is comfortable because you will be |
| from the American dream With America's current | | | | spending a majority of your time on location, working in |
| growth of outsourcing and pay raises that can't even | | | | your business not on it. Your vacations and family time |
| keep up with inflation a majority of Americans are | | | | will be limited. |
| looking for a way out, some may already have a clear | | | | There is an Alternative Plan |
| vision and others just know they need to declare | | | | There is a much less complicated way to achieve |
| independence from the rat race any way possible. | | | | financial independence and success without jumping on |
| A franchise agreement may seem like just what you | | | | the franchise roller coaster that never stops. There is |
| need for a change in your career and life. After all, | | | | a viable legitimate way to earn an exceptional income |
| everyone already knows about Subway, Midas | | | | without the huge investment, the loss of freedom, or |
| Muffler, Dunkin Donuts, Dominos, and thousands of | | | | the sacrifice of time with your family. Many Americans |
| other businesses that have lines the streets and filled | | | | are discovering that they have options that were not |
| the strip malls of North America. Hopefully the | | | | available a year ago. When comparing this new |
| information brought to light here can save you the | | | | business model (NBM) against the traditional business |
| years of frustration that most new business owners | | | | model (TBM) here are some things to consider. TBM |
| experience when attempting to work the traditional | | | | investment 25K-2.5M, avg. 5 years until profit, 15% |
| brick and mortar business or start a franchise. | | | | profit, and 15 hour work days. NBM 2-25K investment, |
| As a franchisee you'd have the privilege of being able | | | | avg. return in 30-60 days, 75% profit, 3 to 5 hour work |
| to use the company's name and recognizable | | | | days, no employees, no inventory, no rent, no |
| storefront, and trade secrets. Franchise fees can be | | | | insurance, less taxes, and more freedom. In addition, |
| quite reasonable (most under 40K) but that's only the | | | | some of the nations top financial authors and gurus |
| beginning. | | | | are touting this home based business movement as a |
| You will need an upfront investment that amounts too | | | | revolution destined to create more millionaires than any |
| much more than the franchise fee. For example, | | | | other industry in history. |
| survey results in the article "Annual Franchising | | | | More and more Americans are running multi-million |
| Overview" (Bond's Franchise Guides) showed and | | | | dollar businesses from the comfort of their own home, |
| average of $27,300 for a motel franchise-but | | | | but where did they start? Unless you already have a |
| estimated startup capital or line of credit was | | | | product and a strong advertising and marketing |
| $6,600,000. Yeah that's with 2 commas. OK that's a | | | | background I would recommend starting online with a |
| motel; how about a small-scale shop that sells donuts, | | | | discerning eye, not all home-based businesses are |
| pizza, cookies, chocolates, or bagels that carries an | | | | created equal. Some sell buckets of hot air while |
| average fee of $24,676? Estimated startup capital | | | | others have a great product but lack the system, |
| was still a whopping $261,165. In addition to arranging | | | | training, and support that make all the difference to |
| this financing most franchisors will have requirements | | | | your bottom line. Since there is no limitation on how |
| for your personal net worth so call the accountant you | | | | many different home-based businesses you can |
| are going to want to look good on paper. Oh and call | | | | participate in, I recommend starting with a top tier |
| your lawyer too, your going to want them to go over | | | | program that has a turnkey proven system in place |
| the contracts. These contracts will bind you to the | | | | and avoid following a lone individual. Look for a |
| franchisor's terms, which will include restrictions, | | | | professional team with the proper support in place, |
| requirements, and specifications that will be imposed on | | | | you'll find the training is well worth the entry-level cost. |
| you forever. You must also qualify for licensing. | | | | Top Tier Direct Sales opportunities have a much higher |
| But let's say you've got enough saved up for the fee, | | | | success rate then do low cost "old school" MLM |
| you meet all the requirements, and attain the proper | | | | models simply because they do a lot of the heavy |
| licensing, it sounds like a sweet deal, doesn't it, what | | | | lifting for you, in effect making it very possible to |
| could go wrong? | | | | replace your current income in less than 6 months. If |
| Owning a franchise is not easy, and anyone who goes | | | | your looking for the easy way out or get rich quick |
| into one believing that the business will run itself is | | | | deals this is NOT the business for you. You should |
| destined for failure. In fact, you may feel like your still | | | | expect to reinvest your initial earnings back into building |
| working for someone else once you discover all the | | | | your business. Non-the less it is still better then |
| responsibilities that come along with a franchise | | | | spending years building a successful career just to feel |
| agreement. You will be dealing with employees (some | | | | trapped in it as you very well may if you signed a |
| unreliable), customers (some complain), and your | | | | franchise agreement. If you are ready, willing and able |
| contact people at the parent company-in effect, your | | | | to learn new skills, overcome obstacles, and |
| new bosses. | | | | persevere. Make a choice to start looking past your |
| Do you have enough money to run the business until it | | | | judgment long enough to get the facts about |
| starts turning a profit? Factor in payroll, employee | | | | home-based businesses. |
| training, equipment, rent, maintenance, insurance, | | | | |