Without a doubt, the industry most tied to franchising in Americans' minds is
food. Some of the most popular restaurants out there, including McDonalds,
Subway, Chik-Fil-A, and many more, can credit theirmeteoric growth to the
skill of theirfranchisees.
Investing in any franchise is a risk. You’re counting on franchisors for
guidance; other franchisees for support and you’re investing a ton of money to
build your business. Now add the risk factor of investing in an emerging
franchise, a franchise with only a few franchisees. Does it add risk? Maybe,
but there are far more benefits of investing in an emerging franchise that the
little added risk, is a fleeting concern. Your voice is not only heard by the
franchisors, but it’s also helping to make positive changes for future
franchisees. Take a extremely large franchise such as, McDonalds or Hilton.
Can you imagine a franchisee picking up the phone to call the President of the
company to share an idea they had on how to make franchisees daily operations
more efficient? In an emerging franchise, you are able to have a close
relationship with the corporate team behind the concept and your ideas will be
taken seriously. They believe in you as much as you believe in them. Here are
five more reasons to join an emerging franchise:
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.
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.
With even the smallest bit of cursory research, you will quickly find that the
difficulty does not lie in finding a product to offer, but rather in picking
amongst the legion of products, services, ideas, and opportunities with which
you are presented. Pick the right one, and you will be well on your way to
financial success while at the same time gaining the satisfaction of knowing
that you are making a positive impact in people's lives. However, it can seem
that for every legitimate possibility, there are three times as many so-called
"franchise opportunities" that are not only fraudulent, they border on the
ridiculous.
There are hundreds of franchise opportunities in the United States and it can be difficult to find the right one for your personal needs. While many people consider factors such as finances, franchise rules and locations, they often fail to evaluate whether a specific franchise will suit their personality. In order to manage a successful business that gives you professional satisfaction, it needs to complement your individual characteristics.