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| Franchise Opportunity Specialist 13140 Coit Rd. Suite 211 Dallas, TX 75240 972-786-0017 Email Us |
Franchise Articles
Today, many more people are considering business ownership than ever before – it’s a sign of the
times. More and more companies are merging, downsizing or simply going out of business. This
causes numerous talented individuals to seek employment in a constantly shrinking job market that
offers fewer positions, especially those similar to the seeker’s previous types of employment.
As we experience great changes in our work places and work forces, more and more people are
exploring business ownership – to be their own boss and work for themselves rather than someone
else.
As those individuals begin to investigate business ownership, franchise ownership is the first choice
for many. For one who has not experienced business ownership previously, franchises offer many
advantages:
These advantages apply only to the “right person” for the “right opportunity”.
Finding the right business is like finding the right job….only harder. Be prepared to spend several
dozen hours doing your homework. If you do not feel you can afford the time, abandon your search
now! A half-hearted attempt will prove to be a waste of time.
You should definitely honor your commitments of time, return phone calls and keep appointments with
the franchisor representatives.
Here are some important and practical recommendations for aspiring entrepreneurs:
AND, don’t forget the possibility of finding that perfect fit for you! A business that excites you and
makes you want to jump out of bed every morning and go to work!
A big goal for many is finding a business which allows them to have FUN! Fun in ownership, fun in
working with people and fun in the success of the business!
Obviously, there are many advantages to franchise ownership. It’s a great “first step” for aspiring
entrepreneurs. Escaping the glass ceiling, corporate politics and being able to make decisions and
having no one question those decisions can be exhilarating. Let your emotions guide you to a certain
extent – but let your analytical side kick in and do plenty of research and justify your decisions with
facts before you open your wallet!
times. More and more companies are merging, downsizing or simply going out of business. This
causes numerous talented individuals to seek employment in a constantly shrinking job market that
offers fewer positions, especially those similar to the seeker’s previous types of employment.
As we experience great changes in our work places and work forces, more and more people are
exploring business ownership – to be their own boss and work for themselves rather than someone
else.
As those individuals begin to investigate business ownership, franchise ownership is the first choice
for many. For one who has not experienced business ownership previously, franchises offer many
advantages:
- Be Your Own Boss
- Proven Product or Service
- Starting a Business w/Limited Experience and/or Capital
- Franchisor assistance (education, training, advertising/marketing assistance, on-going
- Brand Name
- Other franchisees can assist you – You are not alone.
These advantages apply only to the “right person” for the “right opportunity”.
Finding the right business is like finding the right job….only harder. Be prepared to spend several
dozen hours doing your homework. If you do not feel you can afford the time, abandon your search
now! A half-hearted attempt will prove to be a waste of time.
You should definitely honor your commitments of time, return phone calls and keep appointments with
the franchisor representatives.
Here are some important and practical recommendations for aspiring entrepreneurs:
- 1. Understand the commitment of business ownership. Franchising is you working for
yourself vs. you working for somebody else. The two are entirely different. Owning and growing
a business takes skill, energy and lots of dedication, not to mention capital. Financial capital
and human capital.
2. Have the support of your family. This is a major decision in your life that will
affect your family. Your family should well understand and expect heavy demands of the
business in the early formative years.
3. There is no correlation between what you spend for a franchise and how well
it will perform. Many franchises are expensive, but a higher price tag doesn’t
guarantee a franchisee more rewards. “The more you spend, the more you “get”
is a common misconception.
4. Research, research, research. Know what type of business is right for you.
Research the industry and know your competition. Study and have a thorough
understanding of the Franchise Disclosure Document. Make a list of questions
and discuss with the franchisor, other franchisees and professionals such as a
Franchise Attorney.
AND, don’t forget the possibility of finding that perfect fit for you! A business that excites you and
makes you want to jump out of bed every morning and go to work!
A big goal for many is finding a business which allows them to have FUN! Fun in ownership, fun in
working with people and fun in the success of the business!
Obviously, there are many advantages to franchise ownership. It’s a great “first step” for aspiring
entrepreneurs. Escaping the glass ceiling, corporate politics and being able to make decisions and
having no one question those decisions can be exhilarating. Let your emotions guide you to a certain
extent – but let your analytical side kick in and do plenty of research and justify your decisions with
facts before you open your wallet!