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7 Habits of Highly Successful Small Business Owners
Do you spend every waking minute in your business? Do you find it difficult to take time out for you? Are you constantly working in a mess? Unfortunately there are far too many business owners working too long and too hard. They tend to be...
A Look at Small Business Incorporating in Florida
The choice to incorporate a small business in Florida has several advantages.
Corporations are separate legal entities and, as such, the corporation rather than individual owners pay both the taxes and the liabilities. If you are thinking of...
Balancing Home & Work: The Challenge of the Home-Based Business
With the holidays around the corner, you may find yourself struggling to keep your home-based business and your home life separate and running smoothly. And you're not alone.
Operating a home-based business has many benefits as you already...
Making Cultural Differences Work in Your Business
Advancements in technology have made the world so much smaller, don’t you think? We used to be separated by mountains and oceans, color and culture. But now on the highways and byways of the internet, we’re but a single mouse click away....
My Own Online Business After A Divorce and Almost Bankruptcy
When I got divorced, I didn't know how I was going to be able to cope with my financial responsibilities which included mortgage, car, my kids's private school plus all the other expenses related to having a family without a husband's salary. ...
Review of New Business Service
CreatorsWeb writes articles, interviews and reviews about entrepreneurial business owners as part of a promotional package offered to subscribers to their service. CreatorsWeb Promotion Service subscribers receive prompt and special...
Six Lessons for Getting in the “Right Mindset” For Starting Your Own Business
Believe it or not your childhood attitude towards a fence shapes your business mindset. As you’ll learn from my experience starting a business, having the right mindset is the key to being an entrepreneur. It’s all about being a fence hopper...
Starting Your At-Home Voice-Over Business
Thinking of getting into the voiceover business full time, specifically, opening your own in-house voice-over studio? Good for you! It’s a really great way to make a living! OK. You’ve got the dream. Now let’s see what it takes to make it a...
Starting your Own Autopilot Home-Based Business
It's a cruel world out there. Hundreds of thousands of hard-working Americans lose their job every year. Tragically, ordinary people get disillusioned by sleeping on the idea of a "dream job" when they could cash-in tremendously from the...
The Benefits of Catalog Sales For Your Business:
Things to watch out for when selling your product in catalogs. Giving away the farm. Many catalogs will ask for a multitude of discounts and concessions before they even place one order. You give them a set price for your product. But...
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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)
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