Posts Tagged ‘Franchise Opportunities’

Young entrepreneurs

While more franchise opportunities present for veterans, franchisors are starting to set their sight to recruit a much younger entrepreneurs group.

The following is a good example of what focusing on younger crowd presents to a franchise company.

A case study

One of the franchise companies launching a business strategy to recruit young franchisees is Valpak, a direct mail franchise company.

Valpak – based in Florida, US – has launched Entrepreneurship Program 2 years ago, targeting younger group of entrepreneurs who is interested in franchising. The program is basically rewarding new franchisee recruits with discounts on franchise fee and a chance to pair with a mentor who will guide…

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Analysing new franchise opportunities

New franchises – especially those offering new and in-trend concepts – are always interesting and will likely to attract fans and enthusiasts into franchisees.

New franchises play an important role in franchising: New franchises breathe fresh air to the franchising world, adding value to the wealth of opportunities in franchising worldwide.

Full of potential, new franchises will likely to attract adventurous franchisee candidates to invest in a franchise unit and join the band wagon of ‘the next big thing’ – Some of the new franchises do become the next big thing, indeed.

However, anything that bears the word ‘new’ in the description will always present…

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Franchise agreement signing

I have just read an article from The New York Times that covers the questions you should ask to yourself and a franchisor before deciding on buying the franchise of your dream.

The article opens up some facts that, to tell you the truth, somewhat against franchising, in a sense that you should take great(er) care to invest your money in a franchise opportunities, as many facts and pitches made by the franchise companies are misleading to the ‘untrained eyes.’

I enjoy reading and benefit greatly from the article and would like to share the 9 questions to ask with you.

9 questions you should answer before…

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Green franchise

Environmentally-friendly franchises are picking up the pace – With consciousness on going green emerges worldwide, businesses, including franchises, practicing environmentally-friendly and socially-responsible principles will help them to gain more edges than those that are not.

There are some fast growing franchises embracing the “go green”-related practices and policies that attract environmentally-conscious franchisees.

The fastest growing green franchise categories

According to an article on Entrepreneur.com, there are three fastest growing areas:

1. Areas of public concern: This includes energy conservation and recycling. Some offer federal tax incentives or incorporate significant recycling programs for the products they sell, which brings in additional retail business. Areas of public concern franchise companies include Cartridge…

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Business owners

Franchise ownership is one route to entrepreneurship and financial independence, provided you buy a franchise with the right knowledge and mindset.

Unfortunately, for the sake of seeking new franchisees, some franchise opportunity offers are simply misleading, even degrading.

Here is what I found searching on Indeed for the term “franchise opportunities jobs“:

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Franchise ownership

I stumbled on an article on Yahoo! Small Business, that (again) put franchise ownership as one of 7 most overrated businesses.

Kelly K. Spors and Kevin Salwen, the article writers, have conversed with small business experts to identify the overrated businesses. Other than franchise ownership, the other six are: Restaurants, direct sales, online retail, high-end retail, independent consulting and traffic-driven websites.

The culprit that put franchise ownership on the list is, again, the franchise agreement. “…too many people don’t understand the risks associated with franchising and sign restrictive franchise agreements without thoroughly researching their franchisor and their contractual obligations.”

With all due respect – While small business…

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Jani King – Top home-based franchise 2009

If you love being around with your family and running your own business home-based, these franchises might interest you.

These franchises are not my personal recommendation. There are some versions available, but I always consult to Entrepreneur.com’s Franchise 500 for trusted and comprehensive franchise references.

The top 10 home-based franchises list is dominated by commercial cleaning service franchises – So, it’s probably safe to assume that if you want to buy a relatively low-cost franchise and operate it home-based, you should consider commercial cleaning services.

Top 10 home-based franchises for 2009

1. Jani-King

   Founded: 1969 – Franchising since: 1974

   Total investment: $11.4K-35.1K+ – Franchise fee: $8.6K-16.3K+ –…

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Search for franchise info

Looking for franchise opportunities you are interested in is a bit trivial, especially if you are presented with literally thousands of franchise opportunities, online.

To help you save time on searching for franchises to buy, I have 8 online resources to recommend you, along with the reasons why you should consider visiting them.

Why do I only recommend 8 online resources?

While many other resource sites can be added into the list, they are, in my opinion, offering pretty similar information with the rest of franchise resources, thus making them less useful compared to those listed in the top 8 below.

Without further ado, here is…

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Choose your side

Franchise and business opportunities, by all means, are different in nature. Yet, so many people have mistaken one with another.

Sadly, the business owners themselves also inaccurately believe that their business opportunities (often referred as BO) are franchises. To make matter worse, potential investors also believe on their claims.

Let us set things straight once and for all.

The difference between a franchise and a business opportunity (BO)

The main difference is the fee being charged for the investors who are interested in the business proposal. Some BO owners charge a fee that resembles a franchise fee – Some called the fee “license fee” and some others…

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