In the definition of the American Dream by James Truslow Adams in 1931, "life
should be better and richer and fuller for everyone, with opportunity for each
according to ability or achievement" regardless of social class or
circumstances of birth.
Something that is possible with franchise ownership that may not always work
with a start-up business is the ability to maintain your career while you run
your business. Although many franchisees rely on their business unit as the
basis of their revenue stream, there are more people interested in buying a
franchise to generate a second source of income. A flexible franchise option
makes this a possibility and can afford some opportunities that other
franchises cannot.
You want to dip your toe into the waters of business ownership and have
decided to jump into a franchise. Maybe you’ve zeroed in on which franchise is
right for you or perhaps you’re still exploring the options. Whatever you
decide, you’ll need a way to finance the venture, and that can be
intimidating. Getting a business loan can be tricky… even as the economy
begins to heal. If you’ve got money, banks and credit unions will line up to
loan you even more. If you don’t have money? Well, take heart—here are some
alternative funding options that can put you at the helm of your own
franchise:
Looking ahead to 2014, quick service food and cleaning services are
perennially popular and lucrative franchise opportunities. Here are five
white-hot franchises that may surprise you.
So you’ve decided that a franchise is the right path for you? Now comes the
exciting part—choosing among hundreds of franchise opportunities. Here are
questions to ask yourself to help narrow the field:
Larger parties (e.g manufacturers, brands, and franchisors) typically covers
the lion’s share of an ad’s cost via reimbursement or in trade. This makes
local advertising affordable for your business, while simultaneously lowering
out-of-pocket and inventory costs.