Starting your own business is at once thrilling and exciting. It’s also frightening and intimidating. It’s thrilling to think of breaking away from the 9-to-5 and the constraints of a fixed income. It’s exciting to finally start following some of your true passions. And it’s inspiring to think about waking up every day to the prospect of doing work that you enjoy. Conversely, it’s only natural to be frightened at the prospect of giving up a predictable paycheck and an established routine. And it’s intimidating embarking on an adventure into uncharted territory. For all of these reasons, franchising is one of the options you should consider when you’re making your decision.
You have wanted to be your own boss for a very long time. However, every product you can think of to develop for sale seems to have already been developed by someone else. You don’t have the techie skills to design the newest hottest app, and all the other good ideas appear to have already been taken. But you’re not ready to give up on your dream, so you give a thought to franchising. Here we discuss the pros and cons to help you make your decision.
If you were to purchase a franchise, you speculate, you could be your own boss.
If you are looking to buy a franchise and have read my post on “How to Vet a Franchise,” you will most certainly want to know the 2017 Top 500 Franchises according to Entrepreneur Magazine. Check out the Entrepreneur Site to see the entire list and how they determine their rankings
When I was in my late twenty’s, I had a horrible experience buying into a popular franchise concept. I am a lover of all things business and have been self-employed most of my adult life. After my sour franchise experience, I have investigated hundreds of franchises trying to find just the right thing. At this point I consider myself a franchise investigation pro. Here are the questions you need to know to ask in order to properly vet a franchise.
I am a former owner of a Creamery franchise. I had never owned a franchise before and I did not do the proper amount of due diligence or ask the right questions. I paid dearly for those mistakes. Please read my story here as I had a true franchise nightmare.
If you’re looking for a business opportunity which allows you to jump on board with an established brand and work to a tried and tested formula, a franchise could be the perfect solution for you. There are all kinds of business opportunities out there online, most of which start with something along the lines of ‘”Make a Ton of Money an hour from your front room.” Guess what? If it looks to good to be true…it probably is.
With a new-store opening cost between $1,000,000 to $2,000,000, Rebounderz Indoor Trampoline Arena Franchise is not for the faint of heart. Still, Franchisee Chris Bouma from Grand Rapids, Michigan is happy with his franchise choice and tells us, “It takes an incredible amount of time and quite a bit of business savvy. You will work harder than you ever have, but it is also exciting and rewarding at the same time. Be prepared to answer about a thousand questions every day. You’re the boss and you need to be able to make decisions quickly and move on.”
For the men and women who have entered life after service the lower unemployment numbers reflect both a nationwide effort to specifically hire veterans as well as veterans taking matters into their own hands — through entrepreneurship.
A new year is here. If you’ve been thinking of becoming your own boss, why wait? Now is the perfect time for a change.
In 2012, Ava Skipworth left a 20-year career to create a company that could stand out, do things differently and enrich her community. From this vision and a lot of hard work emerged Monster Yogurt, and the rest is history. We recently spoke with Skipworth to find out what she looks for in potential franchisees, […]
Gourmet Shaved Ice Truck Franchise Ranked #1 in the Frozen Desserts Category FLORENCE, KY–Kona Ice announced today that it has been named to Entrepreneur Magazine’s 2015Franchise 500® list, considered the “best and most comprehensive franchise ranking” in the industry. Kona Ice has been rated number one in the“Frozen Desserts” category and 77th overall. The prestigious […]
We recently spoke with Mishaan, president and founder of OXXO Care Cleaners, offering revolutionary garment care for the same price as traditional cleaners, with added benefits, such as 24/7 ATM-style pickup and customer loyalty rewards.
The company has signed a deal under which a new US-based franchisee company, LA Fitness Cryo, will offer cryotherapy services at 40 LA Fitness sites over the next two years throughout the U.S.