Franchise Service

As a franchise sales consultant and an individual who grew up with a franchise business (my family owned a Dunkin Donuts for over 2 decades) I am often asked what type of franchise business I would personally recommend to buy.

Although all franchise business categories have their inherent advantages and disadvantages, my personal preference would be to buy a service related franchise concept for a number of reasons.

Better Life style:

Service franchises in my opinion can generally offer the owner/operator a better life style, less stress, and more freedom for a number of reasons including the following.

They generally require less operating hours, most can be operated on 5 day work week, they usually have lower staffing requirements with less employee headaches, they have no inventory spoilage concerns, and overall they are generally easier to manage.

Lower Investment:

Because they generally do not require the expense of building out a retail location or store front in a high traffic area, or have the equipment requirements of a food or restaurant franchise, service franchises on a whole generally require lower overall start up costs.

Easier To Grow:

Unlike retail franchise businesses that are confined to a specific location and are dependent on foot traffic, service businesses offer the owner the opportunity to go out and generate new business in a large geographic area through a number of different marketing options.

Expanding a service business to new markets is also generally a lot less capital intensive or expensive than adding a new physical retail unit.

Easier To Manage:

I can assure you that managing a service business is generally a lot easier as compared to a retail food or restaurant franchise. Most small businesses today have challenges with finding reliable employees to fulfill their staffing requirements. But for a number of reasons retail businesses, particularly restaurants, have more employee turnover and headaches than most.

Better Success Rate:

Although all categories of business franchising have a statistically higher rate of success than non-franchise business start-ups, It's been my observation that the success rate of service related franchises is generally higher than retail franchises.

I believe this can be contributed to a number of factors including lower start up and operating costs, less staffing requirements, better profit margins, generally less overhead, and an overall better life style that can be maintained operating a service related business.

Ray Haiber is the founder of Redstone Advertising. He has 10 years experience as franchise sales consultant as well as a professional small business broker in Arizona. Visit http://www.azfranchises.com to view and research franchise opportunities for sale through out the USA including service franchises.

Article Source: http://EzineArticles.com/?expert=Ray_Haiber

Labels: buy franchise, franchise service, service franchise

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Business Marketing by Aredconsult
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Now, more than ever, many people are dreaming about what it would be like to be their own boss. Some people have started home businesses while others have looked into starting a franchise.

One of the more popular franchise start-ups recently have been with liberty tax service. This is a franchise that is based with a Fortune 500 company and many people who start a Liberty franchise have had a lot of success with their new company.

It is important to understand, however that starting a liberty tax service franchise is not going to be a simple as picking up the phone and making a phone call. You are going to need capital to start a company and you are going to need more than a couple thousand dollars.

However, the benefit of starting a franchise with Liberty is that you are only going to need 70k rather than the 100 or more thousand dollars you might need with other companies.

Before you decide to start a franchise with Liberty there are some things that you need to consider, beyond the fact that you are going to need money to start. One of those things is finding a location.

Location is very important for any business and a liberty tax service is no different. Like most companies you will have to adhere to Liberty's rules and regulations about where you can build, whether you can purchase space in a mall, alone, a strip mall, etc. While you will be your own boss, as a franchise you will have to keep to the rule book on a lot of things.

Another thing to consider is hiring employees. There are a lot of tax laws that you have to know about employees, you have to run background checks, you are going to have to offer them a reasonable amount of pay and always have the money to pay them.

While your liberty tax service will likely be very successful, you are going to have to start building your own client base and while you do that you will still have to find a way to pay your employees.

It isn't only your employees that you have to think about paying as well. Outside of your initial investment you are going to have to pay mortgage or rent on your space, pay all of your bills such as phone, electric, Internet, etc.

Making sure that you have the additional funding to support yourself and your new liberty tax service business is an important part of running a business and being your own boss.

Stating a new business and being your own boss is wonderful, just don't forget that you have a responsibility, not only to yourself, but to the other people who have committed to your business and to the ongoing bills (and other situations) that are part and parcel to running a business of any kind.

Another option to consider while you explore brick-and-mortar franchises is the increasingly popular 'online franchises'.

Jenn Lawlor is owner of her own 'online franchise' with: LifePath Unlimited

Article Source: http://EzineArticles.com/?expert=Jenn_Lawlor

Labels: franchise service, liberty tax franchise, service franchise

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Business Marketing by Aredconsult
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As a franchise sales consultant and an individual who grew up with a franchise business (my family owned a Dunkin Donuts for over 2 decades) I am often asked what type of franchise business I would personally recommend to buy.

Although all franchise business categories have their inherent advantages and disadvantages, my personal preference would be to buy a service related franchise concept for a number of reasons.

Better Life style:

Service franchises in my opinion can generally offer the owner/operator a better life style, less stress, and more freedom for a number of reasons including the following.

They generally require less operating hours, most can be operated on 5 day work week, they usually have lower staffing requirements with less employee headaches, they have no inventory spoilage concerns, and overall they are generally easier to manage.

Lower Investment:

Because they generally do not require the expense of building out a retail location or store front in a high traffic area, or have the equipment requirements of a food or restaurant franchise, service franchises on a whole generally require lower overall start up costs. You can get a general idea of the investment level of some service franchises for sale here.

Easier To Grow:

Unlike retail franchise businesses that are confined to a specific location and are dependent on foot traffic, service businesses offer the owner the opportunity to go out and generate new business in a large geographic area through a number of different marketing options.

Expanding a service business to new markets is also generally a lot less capital intensive or expensive than adding a new physical retail unit.

Easier To Manage:

I can assure you from personal experience that managing a service business is generally a lot easier as compared to a retail food or restaurant franchise. Most small businesses today have challenges with finding reliable employees to fulfill their staffing requirements.

But for a number of reasons retail businesses, particularly restaurants, have more employee turnover and headaches than most.

Better Success Rate:

Although all categories of business franchising have a statistically higher rate of success than non-franchise business start-ups, It’s been my observation that the success rate of service related franchises is generally higher than retail franchises.

I believe this can be contributed to a number of factors including lower start up and operating costs, less staffing requirements, better profit margins, generally less overhead, and an overall better life style that can be maintained operating a service related business.

(ArticlesBase SC #395406)

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Labels: franchise opportunity, franchise service, service franchise

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