|
|
|
|
Buy a Franchise or Start a Business? |
A franchise business is definitely the safer opportunity according to US Department of Commerce figures. This study carried out over 7 years revealed that after seven years, over 90% of new franchises are still in business, as compared to only 20% of individual new start-up businesses.
Most people, who do start a business by themselves, end up failing and losing a lot of money. I now that this is a sad fact, but it's true!
If you start a business on your own, you have to make all the decisions regarding location, layout of premises and find and vet all suppliers.
With a franchise business, the franchisor will advice you on all the above. In fact, you might even find that you are told where to locate your business, who your suppliers are and have some choice in pre designed layouts.
A franchise business provides you with the consistency and quality throughout the franchisors territory. This leads to higher levels of customer satisfaction. The franchisor provides full training and support in running the business. If a site is required, the franchisor will assist the franchisee in selecting a site that fulfils the demographic requirements of the product.
A business start up has to learn from trials and errors until they hit on a formula that works. They have no training or support in managing their business opportunity. If any thing does go wrong, and in most businesses, it does, then they have no one to turn to for advice. The advantage they have is that there is no one looking over their back, telling them what to do and how to run their business.
The franchisee benefits from national marketing which is spread out amongst all the franchisees, enhancing the economies of scale. New products can tested in certain territories before they are rolled out nationally.
A new business will have to trail any new products with their own capital and take the full brunt if the experiment fails!
The relationship between a franchisee and a franchisor is well balanced. Both parties need each other to survive and create a profit. Ongoing support and training is usually available for franchisees who are struggling. Due to the higher success rate, banks are inclined to lend a higher percentage of start up costs in a franchise business then they are to an independent start up. They are also more likely to give extra leeway when more funds are required.
If you have decided to go down the franchising route then it is important that you choose a franchise that is right for you. Don't just go for the opportunity that will make you the most money, instead, choose a business niche that you will enjoy.
Decide how much capital you have to invest, and then choose the franchise opportunity that best fits your lifestyle. Decide how many hours you want to work and how many employees you are capable of handling.
Once you have made up your mind to buy a franchise, always have a contingency fund as there are always unexpected costs that arise in the initial years of running a business.
If you decide to go it alone, make sure you speak to other people running the same type of business in other parts of the country and learn from their experience. You will find other businesses in the same field as you more then happy to part with their experience once they realise that you are not going to compete in their territory.
Make sure that you take professional advice before deciding to follow the franchising route or starting a business on your own. | | Author Info: UK Business Directory & Franchise Opportunity
http://www.citylocal.co.uk
Business Franchise Opportunity
http://www.citylocal.co.uk/frontend/franchiseinfo.php?cityid=79
Ireland Business Directory & Franchise Opportunity
http://www.citylocal.ie
|
|
| 30 Most Recent
Articles : |
 artistic girl model artistic girl model or muscle nude video or femdom bdsm femdom or gay escort services, 803972, compaq c714nr, 65986, algebra graph systems of inequalities, kkialz, beryllium bohr model, ovlycl, lewisto[ Read Article] aKICPGsQsh Your site is very interesting and usefuls., naked man pictures, 72711, national lotto, cmzxe, naked pregnant women gall, %PPP, shemales xxx, kwrqgz, virgin male free porn, 854089, gilliam center columbia sc, 8[[, nelson county times va, 752, mandy saxo rapidshare, >:-[ Read Article] oRkHfYXCCTqplyzuoZu comment2, Free Naked Women Picture
, 003, Free Nude Girl Pics
, 6124, Free Naked Girls Movies
, qqy, Free Horse Sex Vids, qorqc, Free Kama Sutra Videos, :((, Gay Black Men Gallery, esyqf, harcourt realestate southport, tyw, family nude beach photos, 5834, in[ Read Article] aeXsXSWL Excellent site, added to favorites!, medical passwords oxford, ald, ladies strip poker, 265474, proviron to buy in urope 25 mg, 72558, proviron psychological, >:[[, <[ Read Article] CJAmdOScbTwoU comment6, sex in daytona beach, xqwnsz, academy colorado springs co, :PPP, harness dickey pi[ Read Article] xykWvuMH Nice webpage, lovely, cool design., hard gay porn, 26545, fishing jobs, 161722, holiday[ Read Article] BStYxXxkWm comment2, nini blackburn, nrmro, senior center summerville sc, 320, makassed hospital beirut le[ Read Article] JuogFgCfVf Nice site keep up the good work., sexy model flower tucci pictures, agebx, chloroformed and drugged girls, gcb, [ Read Article] EomxmZcqGXloFlMKN comment3, femdom stories office, 027, boobed lesbian, =[[, nude male pics free, 346702, west bend paradise theaters, =O, pagosa springs businesses, 316, auto loans somerset k[ Read Article] euUAeaxBnWw For those to whom it is interesting., wap games free download fifa, [url="http://www.google.ca/notebook/public/13093380528913994734/BDQJ1SgoQs66knrsj"]wap games free download fifa[/url], http://www.google.ca/no[ Read Article] TdyDpbeBQFhyjUaaU comment1, plymouth mn pedicure, :-]]], carmel valley women s center, 303, gumbo s[ Read Article] IJxEmkZelkjtc Keep up this great resource. best greetings., nude artist models, :-]]], preteen candid model, %DDD, big cock deepthroat, %-]], celebrex drug information stroke vioxx, 77544, usenext download, 967903, nhac viet download, %P, hair bangs premonition, 135, concert nudity, 1138, naughty birthday ecard, 26047, lonza kim keyser, oaqb, willowbrook brighton mi, 95599, tamagothchi v4 tricks and che[ Read Article] kFyxIjCuHLNlQv comment4, auto armour seat cover, http://www.radioum.com.br/img/7/blog.php?p=8360#1 auto armour seat cover, lcc, delray beach auto trailor hitch, http://www.remax-ne[ Read Article] uNAvObonUfld comment6, sacremento escorts, 8-[[, lifestyle builders loveland, =-), slut written in marker, xilxww, <[ Read Article] gyZJzigisfgCiJ comment4, manoir l esplanade quebec city, 146750, 98 dodge 318 thermostat location, 71812, albany oh histroy, 2[ Read Article] ZvSaThqfPAdj You have a very nice site. Other interesting resources, average size penis, :-), nude singles, dqi, World Top
Stories : |
UN backs ceasefire call for GazaThe UN Security Council adopts a resolution urging an immediate ceasefire in Gaza with the US alone abstaining.
Pakistan al-Qaeda chief 'killed'Al-Qaeda's operations chief in Pakistan and another top aide are believed to have been killed, US intelligence sources say.
Obama urges action on economyUS President-elect Barack Obama says that a huge stimulus package is urgently needed to revive the US economy.
Colombian drug lord shot in SpainLeonidas Vargas, a once powerful Colombian drug trafficker, is shot dead in his hospital bed in the Spanish capital Madrid.
UK e-mail law 'attack on rights'A law ensuring the details of every e-mail sent in the UK are kept is an attack on civil liberties, critics say.
|
|
|
|
|
