How To Find The Top Franchise Opportunities
51052
Business > Entrepreneurs
Oct 25, 2007
stevens
How To Find The Top Franchise Opportunities
America is a great place. A business in the United States or Canada can be started in no time at all. In the past few decades, starting a business has been made much easier with the number of franchise opportunities available to the public. Finding the top franchise opportunity to start a business in is not an easy task. There are countless numbers of franchisors out there eagerly waiting for you to sign their franchise agreement, but which one should you choose? You have many options to choose from including the following: Food Franchises, Business Franchises, Automobile Franchises, Daycare Franchises, Fast Food Franchises, Retail Franchises, Hotel Franchises, Travel Franchises, Home-Based Business Franchises, and even know Internet-based Franchises. The opportunities are endless for eager business owners. The walks of life that prospective franchise owners take are from all different paths. Frustrated corporate workers, previous business owners, college graduates, even teachers choose the Franchise route. Why do they choosing franchising? Well, the statistics speak for themselves. -Less than 4% of franchises fail in their first year of operation -90% of franchises are said to still be in business ten years after opening Independent start-ups, also known as small business opportunities are a bit different, well actually a lot different. -38% cease operation in twelve months of opening -90% are out of business by the tenth year With the comparison of those two statistics alone, it is plain to see why people choose to go the franchising route versus just a small business opportunity. The Franchisors provide the franchisee with great support, products, training, and assistance in marketing. Marketing is a crucial factor for franchises to gain market share within the first couple of years. If nobody knows about your business, it is hard to gain customers. The Royalties are supposed to help in regional and state-wide advertising efforts for the franchisee. The percentage that is used for advertising varies from franchise to franchise, but generally it is around 2-3%. It is my belief that independent start-ups or small business opportunities fail so quickly due to the lack of marketing and exposure. The owners get discouraged very quickly and close up shop before investing too much time and money. This is unfortunate, because many of these businesses are great ideas and could offer a great value to the customer- many times even better then a franchise opportunity could offer. Why should you team up with a franchisor? They have the know-how, money, and most importantly the established name that you need for your business. Just think, if you were driving into a shopping complex to grab a bite to eat at a sandwich shop, would you pick Quiznos or Big Johns Subs? Well, an astonishing 79% choose the name they recognize, Quiznos. Why is this? They have seen it on TV, newspapers, billboards, and local fliers. On top of that, Quiznos benefits from viral marketing. Viral marketing means basically word-of-mouth. There is a buzz that goes out about the company that makes them more popular than any other advertising technique. Basically, without being behind a popular franchise you are putting yourself at a serious disadvantage. I recommend thoroughly researching any franchise opportunity you are thinking about investing into. Make sure they have good market presence, management support, proper franchise fees, and most importantly a good number of currently franchised units. If all those factors are in place and the finances in your life are in place, then it is time to take the leap to franchising. It is a great path my friend, work hard and you will once and for all be self-employed for the rest of your life.
Steven Smith is the expert columnist and article writer for Low Cost Franchises. Best Franchises shows the Top Franchises, news, and articles via its directory site.
send email to stevens
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
Vans can be a popular choice for a vehicle for those that have a large or expanding family or those that have a lot of items to cart around with them on a regular basis; it is especially popular with companies that want a set monthly expense, as apposed t
Category:
America is a great place. A business in the United States or Canada can be started in no time at all. In the past few decades, starting a business has been made much easier with the number of franchise opportunities available to the public. Finding the to
Category:
When planning a family vacation, people often choose to enjoy a day on the water as part of the vacation. Why do families love to go fishing, sailing or boating? These types of trips offer togetherness, laughter, new experiences, and a day of fresh air an
Category:
Finding a leasing company through a car leasing directory can also be beneficial because you will not be limited to companies that are just in your immediate area.
Category:
Is your dream to become a magician? Magic is something that has always fascinated me as an art form and also as a profession. But how do you become a magician, where do you start? This is probably the most common question that spectators ask when they mee
Category:
We are living in an exciting time. As the Web 2.0 bubble expands and the popularity and acceptance of user-driven ( which is just another word for independent, btw) content increases, we are finally seeing new and improved ways of consuming this content.
Category:
Whenever someone needs to sell a car, it can be a very stressful experience. It can be difficult to know how to go about trying to sell your car and the whole process can seem quite overwhelming.
Category:
If you want to stay up to date with the current trends in health, it would help to read at least one or two health news articles daily. Even if you are under the care of a good general practitioner, you can never be sure that he is aware of all the latest
Category:
In the modern world there are few things governments protect more fiercely than the security of their borders. Australia is no different. As such, there seem to be a countless number of different visas, each appropriate to only a very specific set of reas
Category:
Anybody who drives a car needs car insurance. Not only is it against the law to drive without proper insurance but it will also protect you in the event of a car accident, theft, or damage to your car. With the rising costs of insurance these days however
Category:
Forget about minimum payments? Is that a recommendation to stop making my monthly payments? No, but it is a recommendation to stop making your monthly minimum payment. The point of this is that you should never make the minimum payment because you will ne
Category:
Car leasing may be a good option for those individuals or companies that want to have a new car but want to save some of the money it costs in full car ownership. Car leasing is a way to rent a car over a specified period of time. The car is not owned by
Category:
Deciding to buy a car is a major decision, given that the purchase itself is such a major one. Buying a car online has many advantages. There are many car sites available such as buyyourcar.co.uk.
Category:
It is obvious that the biggest stars in Hollywood would rather talk about who designed their latest gowns, suits or jewelry rather than talk about who their plastic surgeon is or what particular plastic surgery makeover they have done over the weekend bef
Category:
Finding the best franchise opportunities on the Internet can be quite a hard task. There is estimated to be over 3,500 franchise opportunities in the United States and Canada today. Franchising has proved itself to be the most effective form at one to run
Category:
buying a new or used car. By looking at used cars, you will see that this can save you a lot of money while you still get a great car. But before buying a used car, you should do a little bit of research to make sure that you are truly getting your money
Category:
Recently a client asked a REALationship dot com expert how she would know if she was in a good relationship. If she was doing a good job at her work, she would get promoted. If she was doing well in school, she would get good grades. But if she was doing
Category:
The decision to buy a new or even used car can be quite overwhelming. There are so many things to take into consideration that one can become quite easily confused and not know where to start. The best place to start is to decide which type of car you are
Category:
After much experience, thought, and research into the vast idea of some of the internets driving forces, I have discovered a few things and formulated a unique opinion on why this all is so important. Understanding that information seeking is primarily th
Category:
Other links at Business > Entrepreneurs
An important factor in working a profitable residual business opportunity is learning how and implementing your learning in finding the right formula of business to work in the first place
Category:
Online Forex trading is the worlds largest and most liquid market. Find out how you can generate profits with online foreign currency trading with a suprisingly low initial deposit.
Category:
To speak frankly, thats how I have done it. You see your work at home based business opportunities need a steady, residual and laser targeted traffic. The article marketing is a great way to automate the home business marketing!
Category:
Often people are misled into thinking that they only way to have a home based business is to use the internet. That is far from the truth.
Category:
The right business opportunity or work from home business for you is determined by many things. Here are ways to find out which is right for you
Category:
Site Sponsor
Directory Statistics
Articles: 68228
Categories: 501
Yahoo Entertainment
