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Informative Articles

7 Ways To Get Financing For Your Home Business
Thinking about starting a home business? Do you already own a home business but need cash? Perhaps you can qualify for a small business loan. However, before you attempt to borrow any money, you first have to figure out how much money you...
A Clothes Encounter In The Business World
Do you ever wonder where all the dress rules have gone? Depending on when and where you are on any given business day, the words "distant past" might come to mind. It's difficult to decide if people don't know what to wear to work or if they have...
Business Stationery, Part 1
One of the greatest forms of advertising is to create stationery that advertises your business. Just think, you would be exposing the Post Office and others in between to your business! First let's create a folder to put your work in. Go to...
Highly Recommended 'Pre-Fab' Marketing Business
Unfortunately most 'ready-made' business sites don't seem to be very user or customer friendly and are extremely expensive for what is being offered. Most of these programmes have only one way to make you money, you send the traffic and they...
What company does your business keep?
Copyright © 2005 Arun Pal Singh A man is known by the company he keeps. We have heard that phrase so many times. Our folks have cautioned us often with that in our silly childhood. Do we heed to that advice in our business? Where do you hang out?...
 

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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,

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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)