Looking For a Part Time Business Consider a Tax Franchise

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There are many franchise opportunities for people who would like to work part time or on a seasonal basis. They range from consulting franchises to income tax franchises.

Many people can not afford the luxury of a full time business or employment. Rather then seeking a part time job, they would rather be in control of their lives. The problem with most businesses is that they are only profitable if run full time.

This begs the question what are the characteristics of a part time franchise business? The answer is that a part time franchise needs to have a blend of the following ingredients:

1) Low overheads2) Flexible working hours3) No need for large or year round premises 4) Few if any employees5) Minimal requirements in terms of equipment6) No stock or minimal stock requirements

So what types of franchises are suitable for people who would like to work part time or on a seasonal basis and would like to be their own boss? After spending time researching the market, You find that these niches that can satisfy the above requirements:

1) Business cost management – a franchisee is trained to visit companies and analyse areas where cost savings can easily be made. The franchisee makes a percentage of the savings. Many companies are so busy running their companies that they overlook many areas that, with a little effort, could save a lot of money.

2) Financial Solutions – This franchise opportunity arises because people simply don’t have the time to analyse all the options available. The franchisee arranges loans, mortgages & pensions for people by analysing what’s available on the marketplace and producing a report with a quick comparison.

3) Car Valet – a franchisee – well equipped – with a van, powerful cleaning equipment and the right chemicals can easily clean 6 cars per hour. It doesn’t take a genius to realise that a healthy income can be made by doing work professionally that other people don’t want to do!

4) Vending franchises – With this business opportunity, the franchisee has to persuade businesses with healthy foot flow to keep a vending machine on their site. The profits are then split equally between the supplier, franchisee and the site provider.

5) Childcare franchises – They do what they say in the title! Many people are caught trying to take care of their children who happen to finish school a couple of hours before they finish work!

6) Tax franchises – Unknown to most prospective business owners, the tax return industry is booming! For the past several years, the tax preparation industry has grown significantly. As such, investing in the tax industry can be very lucrative.

In a recent interview with Tri Tax founder Mr Carlos Marquez he reminded us of that old Benjamin Franklin saying about death and taxes, which is why tax industry always makes sense. Many taxpayers now have to deal with the tax consequences of losing their home, losing money in stocks, or cashing out retirement accounts. Add to that all of the recent changes to the tax laws, and you can see why tax preparers are needed now, says Marquez.

I have named only a few opportunities, but in reality they are many and varied. Other options include therapy, cleaning and food delivery franchises.

Please remember to take financial and legal advice before committing to any new business opportunity.

Key Tips On Buying A Master Franchise Business

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Master franchise opportunities present one of the greatest opportunities for investors in the franchising industry offering high capital investors residual income for years to come. Master franchising offers the opportunity for an individual to purchase the rights to sub-franchise a franchisors business concept within a specific territory. Here a master franchisee pays the franchise company a significant initial fee to purchase the rights to develop the territory. Later on the master franchisor enjoys the benefits of most or all the initial fees and royalty fees paid over time by the individual sub-franchisees in the territory.

Investing in master franchise opportunities is one of the largest investments you will be making; hence choosing the right concept is extremely important. Here are some tips to help you to buy a franchise business in this segment:

Do Thorough Research: Research is something that you need to spend time on to search for best master franchise opportunities. When you decide to buy a franchise business and that also a master franchise, it is essential for you to understand two basic entities. First it is the franchise company and second one is the master organization. The franchise system must be based on a solid business model as without this a master franchise cannot succeed. Also dont forget to research the market and territory demographics to come to a conclusion about the demand of the product or service in the specified market.

Understand Your Responsibilities: A master franchisee is generally provided the responsibility of recruiting individual sub-franchisees within his territory. Apart from this, a master franchise owner needs also to provide support and training to individual franchisees. In fact, it is the duty of the franchisor to ensure success of sub-franchisees. Owners of best franchise opportunities often provide a detailed outline of roles and responsibilities of their master franchisees.

Meet Other Master Franchisees: The best suggestion about managing master franchise opportunities are the master franchisors only. Hence, try to talk to other people who have invested in master franchise. Arrange a meeting with some franchisors and try to find out what types of challenges they face, what kind of support is available, and any other queries. The more you can know from them the better will be for you to manage your business.

Business Must Suit You: Dont just get lured by the business proposal of top master franchise opportunities. Check out the business model thorough to make sure that it your investment limitations and your goals. Never go for a master franchise business that is much about your budget level. Plus, if you’re not interested in a type of business, then it’s not a good match for you to consider.

Visit Franchise Outlets: When you decide to buy a franchise business, be ready to invest your time. Before making a final decision you must take out time to actual visits to as many franchise locations as possible. This will give you a clear picture of about how good the master franchise business is that you are planning to invest upon.

To conclude, when you decide to buy a franchise business you must follow your instinct. You must be passionate about the business you want to invest upon.

Going The Franchising Way!!

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To be a franchisee or not to be, that is the question?
In planning ahead it is important to be aware of all the options available to you.
The good news is, the results you achieved last year was based on the model you operated, so if you were happy with what you achieved keep doing what your doing. If you were not, then changing your marketing strategy, upgrading your web site may not be enough to get what you deserve. Addressing the method in how you do business is by far the most import thing you need to do in your business.
One need only look at history for supporting evidence on whole industries that have all but disappeared from this land because owners were not prepared to change their models to meet the ever changing market. Look at the car industry and the Ambassador. Dont let your business be a statistic. Just think two years ago before the Apple phone there was no such thing as a phone app, today there are more than 600 000 phone apps. Change is inevitable in all that we do, we can either stick our heads in the sand and be overwhelmed by change, or embrace change and build a dynamic business designed for today and tomorrow. There is business to be done and there are smart ways to get it.
I know that in our real estate industry, mention franchising and ones audience becomes immediately skeptical, however I believe this skepticism is probably based on a lack of understanding of how much value a good franchise model can add to an existing business.
I have taken note of various comments made by the franchise industry and share them with you, and yes it could be construed as self serving, but the comments do tell a compelling story.
I know that given the choice of having to navigate a stormy sea I would be more comfortable on board an ocean liner than paddling my own canoe.

FRANCHISE INDUSTRY CONTRIBUTES SIGNIFICANT INCREASES TO THE INDIAN ECONOMY DESPITE A SLOW DOWN IN MOST OTHER SECTORS
94% of franchisees are optimistic about future business
Nine out of ten businesses are profitable
86% increase in the number of women franchisees
INDIAN franchise businesses continue to grow and remain robust despite economic conditions, with the industry contributing significantly to the country’s GDP last year.

2011 was a year where more businesses took up franchising as a business model. Franchisors’ confidence for the future of their business also grew with 94% being optimistic about business conditions, in comparison to only 82% last year. Franchisors and franchisees are hopeful about the potential for growth with franchisors on average planning for a large number of additional franchisee outlets.
Franchised businesses have weathered the tougher economic times extremely well, which is not surprising if we look at how franchising has proven itself over the years. The combination of the wider business support, training and economies of scale, with the determination, enterprising nature and local business focus makes franchise businesses a very robust offering. This year has highlighted this particularly well with success rates of franchise businesses not dropping.
It’s been a tough time for businesses across the India, but franchised businesses have clearly shown a high level of stability and robustness and made a valuable contribution to the Indian economy last year.

At RE/MAX we have invested a huge amount effort and resources over the past 3 years developing systems that address:
Affordable growth
Productivity
Forecasting cost
Quality service
And profitability

We have implemented these systems in all of our offices and Regions and have experienced phenomenal results.
We are looking to grow our business with like minded people who have the desire to lead their local real estate markets.
To find out more about the opportunities we have, please contact:
Puneet Verma – or call him 09654965021 or www.remax.in

Understanding How Franchising Fees Affect Your Franchise Business Opportunity

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If you have looked at franchise opportunities and did some research, then you will have seen the term franchise fee. In this article, we will discuss how franchise fees work, what reasonable ones are and how to analyze your franchise agreement to determine if you’re making a smart decision or not. After reading this article, you will be able to understand franchising fees in their proper context, and improve your chances of entering into a great franchise opportunity.

A franchise fee is what the franchisor charges for use of brand-name. In other words, they leverage all their marketing and advertising dollars and the position they created in the customer mind to command a fee. In exchange for that, you benefit from getting customers who already have a favorable expectation of what your franchise does for them.

The franchise fee is determined by how much the franchisor believes the business system is worth. Naturally, different franchising fees vary depending on the development of brand, the proven track record of the franchise itself, and the system of processes and services that have been created within the franchise.

Sometimes a franchise fee includes training and ongoing support. Typically, if there is a low franchise fee, it generally means that once the transaction is complete, you’ll be on your own when it comes to staff training and support for your franchise. Depending upon your experience in running businesses successfully, this can be good or bad. If you’re good at running a business, then the ongoing training and support are probably something you don’t need. On the other hand, if you’re an experienced, than it might be well worth the franchise fee you’ll pay in order to get the proper support.

Finally, party or franchise fee goes into the advertising and marketing budget of the franchise system itself. If you don’t contribute to the marketing, then nobody can benefit from the branding this marketing creates.

The best way to be confident in exactly what your franchise fee includes, always be sure to pick up the UFOC and any other documents that are available. Before selling franchises, the franchisors are required to submit certain financial documents that outline what support they will be offering. It is important to thoroughly look over these documents, because they include any lawsuits and litigation that has been brought forth to the franchisor since they have been in business. You may be surprised at how little of support is delivered by some of your favorite franchisors. The UFOC is your best bet at seeing exactly how franchisors spend your franchise fee and royalties.

In order to understand if a franchise fee is appropriate, you must do the proper research. Compare it to other competing franchises. Get a franchise lawyer to go over the agreement with you. The franchise fees are relative to the context. Depending upon other parameters in the franchise agreement, franchise fees will vary. By knowing how to analyze a franchise agreement, you automatically know whether the franchise fee is reasonable or not.

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Obtaining Pet Store Franchise

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If you really love animals, and being around them, what you can do is have your own pet store. The advantage of having your own pets store is that you are surrounded by animals which you love, and make money at the same time. Plus, you can save, because you can now get pet supplies for your own pets at a cheaper price. The next thing to think about is whether to start from scratch or just acquire a pet store franchise.
To Franchise or Not to Franchise
Before jumping into any conclusions as to which is the better way to go, you must survey your options. Weigh the pros and cons of building a pet store from starting from scratch or obtain a pet store franchise. Sometimes starting from scratch is a lot more difficult than obtaining a pet store franchise.
If you decide to start from scratch there are a lot of things to consider. You have to identify which type of pets you want your pet store to carry. There a lot of animals, so you need to narrow down your options. Think of the area on which your pet store will be situated. Realize your target market and base your choice of animals on the sell ability of that type of pet in that type of area.
Next thing is you have to know whether you will also stock your store with pet supplies, like dog food, fish food and other pet store supplies. Another thing is advertising will you be able to advertise your store to gain enough followers. The good thing about going with a pet store franchise is that you will be bringing an established name, and with it the advertising needed, and also the product name and the products itself. You will have a sort of manual, a guide on how to run your pet store.
So if you want to purchase a pet store franchise it’s a good thing to remember that you have to know the specifics of that certain company’s business franchise information. Pet store franchising involves a lot of research on your part as the franchiser.
Before getting hold of a pet store franchise, there will be a franchise agreement between you and the franchise center. A franchise agreement generally outlines all the franchise information like what rights you have, what are the rules and regulations, and the relationship between you and the mother company.
As the procurer of the pet store franchise the franchise agreement also contains the information of what you are allowed to sell, the advertising inclusions, the degree of uniformity and the parameters to which you can operate. If this all sounds a bit confusing, you can always go to a franchise lawyer.

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