August 24, 2007, Newsletter Issue #121: Franchises: The Proven Method

Tip of the Week

Entrepreneur.com Tip: If you’re looking for a solid executive investment and don’t want to start from scratch as an entrepreneur, consider becoming a franchisee. There are many benefits to owning a franchise, including:

Instant Resources: With starting your own business, you learn as you go. When you buy a franchise, you have instant access to training materials and support from the franchisor, who wants you to succeed.A Network: There are dozens or hundreds of other franchisees in the same business as you, and they are great people to bounce ideas off of and ask for advice. You won’t have that advantage if you start your own business.Choices: No matter what you’re into, there is a franchise that meets your interests. Restaurants, clothing stores, grocery stores, dry cleaners, gyms, you name it! You can own one or expand and own several in an area.All Inclusive Costs: Your initial investment will cover all the equipment and supplies you need, and you’re not faced with many unknowns, since the franchisor has the process down to an exact formula. It’s like buying a box of everything you could need to run a business!Employer Flexibility: You can be as involved or not as you want. If you run a restaurant, you can cook the fries or just check in once a week to make sure things are running smoothly on your way to a relaxing beach vacation! Find a small business that lets you do that!

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