Small Business Opportunties In Franchising

Franchising is a great opportunity to take a tried business plan that has proven successful and run a business of your own on that model. Of course, there are rules that must be followed and fees that must be paid, but in the long run buying a franchise that has already established itself in the market can be a very lucrative business. However, buying a franchise can be very expensive, which limits the individuals who are actually able to afford buying a franchise in the first place. But, there are some small business opportunities in franchising that do not require huge investments. This opens the window of opportunity for many other individuals to get in on a franchise without a huge investment.

The following small business opportunities in franchising are just a sampling of what is available. Check them out and maybe you will find what you are looking for. Also keep in mind there are many other small business opportunities in franchising out there that might suit you better than the examples below. If so, start looking and you will find plenty more at FranchiseGator.com!

Taxback Franchise

This small business opportunity is all about tax recovery. Taxback offers seven different ways to make money by providing a free service, which is tempting for many. The startup costs are low from $8,995 – $12,495 and no specific amount of liquidity is required. Training and support are available with this opportunity.

At Work Personnel Services Franchise

The At Work Personnel Services franchise focuses on providing staffing and other necessary resources to businesses. No barriers are set by the franchiser which gives the franchisee much more control over the business. Capital investment is $59,500- $105,000 with liquidity being $50,000. Training and support are offered while financing is not.

Contours Express Fitness Franchise

The healthcare market is booming so any franchise relating to health has a great chance to be successful. A Contours Express franchise is just one business opportunity that takes advantage of the increased interest in health and benefits from it. The capital investment is from $55,720 – $95,420 and financing, support, and training are all available.

There are so many small business opportunities in franchising that anyone can find one that fits their situation with just a little research. When looking for a small business franchising opportunity it is important to take into account your skills and interests in combination with the capital investment you are willing to make, your liquidity, whether or not you will need financing and the amount of control you will be able to have over the business. Once you understand your capabilities and personal desires for running a franchise then you will be able to find one that suits you and your situation much easier. Don’t delay trying to find the best small business franchise opportunity for you because you just might miss the perfect opportunity. Evaluate your personal situation, the market you are interested in, and the small business franchise opportunity that ties it all together. With just a little research you will find the best opportunity for you.

Franchising May Be Your Alternative To Starting A Business From Scratch

Do you want to be in business for yourself or by yourself?

Franchising may be your alternative to starting a business from scratch.

Dear Fred and Lyna:

For the past 20 years I have worked as an account executive for a major soft drink company, and frankly., I am sick of it. I have been looking into owning my own business and have run across several franchise opportunities. Do you think a franchise is the way to go-or should I start out on my own from scratch?

Fred: In our last blog we looked at the importance of evaluating weather you have the characteristics of an entrepreneur. Now we’ll answer the writer’s question about franchising vs. starting your own business.

Lyna: Lets take 2 people we know who started similar businesses. Brad opened a Deli franchise in Ohio, and Doug started his own deli business in Virginia. They are both happy in their choice; as well as successful.

Fred: One of the things we hear from clients we coach is that they dont like the idea of being so structured that they cant utilize their own ideas. Yet Brad found a franchise where the parent company is flexible enough to let him try new things. Brad feels like he’s part of a big family. Although there are things he cannot do per his contract; he also has a lot of support from them.

Lyna: Doug steered clear from Franchises because he doesn’t want to be restricted and he wants to have the final say in all aspects of his business, from creating the logo to having fun, funky promotions. And he had money set aside to open up his business; so he didn’t have to look for funding.

Fred: That’s another plus for franchising- most banks have no problem giving loans out for a business that already has a proven track record. And the business can open pretty quickly.

Lyna: Although it took time for Doug to build a customer base; he felt he had a larger population to work with. He realized that although Franchises have a proven brand and consistency that can bring in customers from day one, at the same time this kept away those people that didn’t care for their products.

Fred: And Doug doesn’t have monthly royalty fees to pay out. On the other hand, the best franchises- such as the one Brad is with- offer continued training and support. They realize the more successful the stores are; the more money the company makes.

Lyna: So the bottom line is that Brad works well owning a franchise because he was able to get his business up and running quickly and smoothly with the proven franchise brand. He received a loan with little effort and has the support and expertise of a successful team to help him succeed.

Fred: Doug, on the other hand, would have felt stifled and frustrated as a Franchisee. What makes him thrive is the freedom to make his own decisions. He is a great networker and builds alliances with other businesses in the community.

Lyna: So should you buy a Franchise or start from Scratch? The really is; Do you want to be in business for yourself or by yourself?

Fred: If you are considering buying a Franchise, we recommend you do some research, ask a lot of questions and talk to franchisees of the companies you are looking at.

Key Business Franchising Contract Terms

Business franchising agreements are commonplace, and tens of thousands of these contracts are signed every single day around the world. More often that not, the agreements underpinning business franchising arrangements are written by qualified and skilled commercial lawyers experienced in this kind of arrangement. However, thats not always the case, and many business owners choosing the franchising route consider a DIY approach to contract formation, which carries with it its own risks and pitfalls. Whichever route you choose, there are a number of key contract terms you should look out for in franchising agreements that are of importance to both the franchisee and franchisor.

A crucial set of terms included within the typical business franchising agreement are those relating to payment. Business franchising is a worthwhile agreement for both sides, but the payment terms stipulated are of critical importance in determining whether or not its good value all round. Normally, business franchising agreements are comprised of an initial upfront payment along with a periodical payment of royalties, although this varies to a greater or lesser extent. Understanding the exact nature of the payment terms of the agreement will enable you to determine how much you will be required to pay as a franchisee, and will allow you as a franchisor to calculate how much income can be generated from the franchising business model.

Another critical term to look out for, particularly as a franchisee, are those relating to the resale of your franchise, which can determine whether or not a business franchising agreement is. Some franchising models prevent resale without the permission of the franchisor, whilst others requiring strict interviewing of new prospective franchisees or even prevent resale altogether. This can obviously have an impact on whether or not the deal turns out to be good long term value, and it may have an impact on whether or not you should opt for that particular franchise package.

As a franchisor, you should look to include provisions within the contract relating to pricing control, or generally as to the autonomy afforded to the particular franchisee. The business franchising relationship is one of greater or lesser autonomy, and you need to decide how much freedom to give to your franchisees. Remember its your business at the end of the day, and you need to be sure you want to surrender some degree of freedom and of where you want to draw the line. Establishing this within the business franchising agreement will solve any problems that may arise later down the line.

Business franchising can be a particularly profitable business model for both sides of the agreement, but the agreement itself must be watertight to begin with in order to avoid problems as the agreement progresses. By making sure your business franchising agreement is complete and tackles all the relevant issues head on, from payment to resale and beyond, you should be able to prevent disagreements and make sure that both sides understand their rights and obligations as pertains to that business franchising agreement.

Call Center Franchise And Remote Pizza Agent Opportunity

Call Center Franchises and Remote Pizza Agent offer professional yet personalized telephone support for established and growing businesses alike – from answering the clients calls when they cannot, to telephoning potential customers and arranging appointments on their behalf. In fact, they can handle just about any activity which involves using the telephone effectively.

The Norbells vision is to ensure service offerings were more custom-made to the clients needs and budget. Our pricing structures are completely transparent, enabling clients to easily calculate their return on investment. Future of Call Center Franchises is very exciting and bright.

Are you interested in starting your own business but afraid of doing it all on your own?

We at Norbell have solution for you. Over the last 9 years, thousands of people have discovered that Call Center Franchising with Norbell is the secret to finding an independent, fulfilling career.

No previous technical experience required to start Call Center or Remote Pizza Agent center. Norbell has become a leading worldwide franchising opportunity by developing an extensive call center training program that will get anybody started with a new business. Norbell will also offer you support throughout your career with our team of professional and trained support staff.

The reputation of Norbell speaks for itself. Entrepreneur has consistently ranked Norbell finest in the worldwide Call Center Franchising and Remote Pizza Agent category. With our franchisees operating around the world, weve grown and developed a unique business strategy and methods of operation that are designed to help you quickly start a profitable, sustainable business.

Foundation of the most trusted and profitable franchising program are Training and Support. This is the reason that we dont require you to have technological and consulting experience. Youll learn the methodology and principles of a successful franchise in our extensive Certification procedure. Youll then be ready to create a profit-driven and knowledgeable Call Center or Remote Pizza Agent Franchise, all the while making use of our on-demand support structure to help you along.

Norbell Advantage
No Contracts
No Minimum Commitments
Get 30 Days Free Trial
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Starts from US $6.99/- Per Seat per Month

Our simple concept of mutual success is the driving force behind Norbell and has helped thousands of franchisees take their places in the global market.

Take the steps today to become a part of the worldwide Norbell! Dont put off any longer your business aspirationsnow you have the tools you need to succeed!

Franchising Your Business & What To Look For In Franchisees

Franchising your business can help you to achieve scale much quicker than you would otherwise be able to. It also means that you wont have to raise as much debt and equity financing as if your business decided to go it alone. But, even if youre sure that franchising is right for your business, how can you be sure that the franchisees that you choose are right for your business? This article takes a look at how you can screen your franchisees to ensure they dont damage your brand and jeopardise your growth. The article focuses on franchising where the franchisee is a person, rather than a company, and they intend to take an active management position.

Creditworthiness

Its important to ensure that your franchisee is creditworthy for two reasons. Firstly, it shows their willingness to fulfil their obligations historically, and could be a sign of how trustworthy they are. Secondly, you can use this information to check how likely it is that they are to be able to afford on-going payments they make towards to your business. You can also find out how much assets they have, and the degree of leverage they will be using to purchase the franchise. The more leverage, the more likely things could go wrong. However, just because things arent looking great historically, and theyre low on assets, doesnt mean they cant contribute. Its about getting the mix right between prudence and flexibility.

Track-record

Although you are looking for a business partner, and not an employee, many of the rules are the same. If someone has a history of high job turnover, poor attendance, and long periods of unemployment then they are probably not the optimum candidate for a franchise opportunity. When youre franchising your business, and youre looking to get the best people in place, these are factors you should definitely consider. Another factor is their relevant experience for the job they will do. If youre franchising a plumbing business, for example, then if the person has experience and qualifications in this area then that could work well. Management experience is something thats not always necessary, but it can be important too.

Depending on the type of franchise youre selling, it will usually be worthwhile doing a criminal background check, and other similar checks.

Passion & Drive

Its important that your franchisees are both passionate and driven. This will mean that they will drive higher revenues, youll get higher management fees, and theyll be happier at their job. It also probably means they will contribute more towards your brand.

Most businesses know they want people like this, but finding them can be another matter altogether. Ensuring that you are disciplined in who you are willing to work with is the first step, and the second is encouraging franchisees yourself. The franchising manager should maintain a good dialogue with franchisees, and provide them with the support they need to remain highly determined to be successful. Ultimately, you and the franchisee both play an equally important role in their success.