Small Business Franchise
Many people who are considering starting a business believe that all franchises are massive undertakings. That is not the case. Many a small business franchise opportunity is out there and can be profitable.
One only needs to take a glance at the 2010 projected trends for the top 100 franchises to understand that there is growth and plenty of it is in the small franchise market.
According to PricewaterhouseCoopers LLC's 2010 industry report on franchises, the economic downturn that we have all been experiencing is coming to a close and all indicators show profits will be coming in the future including for small franchises.
So, which small franchise for sale should you choose? There are some industries that are expected to see greater growth than others according to the Pricewaterhouse Coopers report:
• Personal Services - Recreation, entertainment and health care are among the items included in the personal services industry. This industry is forecast to see the largest jump in 2010 of 4% or 132.8 billion dollars.
• Quick Service Restaurants – Fast food restaurants are expected to see a nice jump in numbers in 2010, of 3.2 percent over the course of the year. That translates to an increase in sales of over $200 billion dollars in the industry. Choosing some of the top restaurant franchises can see even higher returns.
• Business Services – The business services industry includes a number of businesses including employment, tax and payroll services, insurance companies, data processing, warehousing, storage, printing and other services that businesses need. This industry is forecast to see a 2.6% increase which translates to a 189.6 billion dollar increase.
• Retail Products and Services – While many retail stores have had a tough couple of years, things are looking up for 2010. The expected increase is 2.5% with a profit increase of $50.5 billion in what is often considered the easiest franchises to run.
• Table/Full Service Restaurants – The next category that is expected to grow this year in franchises for sale are the table/full service restaurants industry. The forecast increase in this industry will be 2.3% or $64 billion.
• Retail Food – Everyone has to eat and all homes need a certain amount of food in the pantry and refrigerator. This is the retail food market, grocery store offerings, and no matter how the economy is going this is an industry that is expected to hold steady and even see a 2.3 percent increase or an increase in the area of $67.5 billion dollars in 2010.
Is a small business franchise opportunity something you are considering?
Check out Home-based franchise opportunities too!
Monday, March 29, 2010
Sunday, January 24, 2010
Small Business Franchise – Do you have what it takes?
Small business franchise opportunities are one possible avenue of business ownership. Franchising is the right to own and operate an outlet of an established business. Franchising is a brilliant plan for a small business with a model that can be easily duplicated.
Small business franchising offers a great potential for growth; but, is it right for you? Small business franchising is for very ambitious entrepreneurs who want to grow their business significantly. Do you have the energy and stamina to operate a fast-growing, small business franchise?
Successfully operating a small business franchise requires excellent management skills as well as a focused interest in management. Do you possess leadership qualities and management skills?
Are you a people person? To run a successful small business franchise, you need a like-minded team of professionals on your side. Franchisees are more likely to invest in a franchise with a strong team than a one-man-show.
Have you proven your business concept to be profitable? If you have several outlets making a healthy profit, imagine the potential with several hundred or several thousand outlets.
Successful franchises are formed by creative, innovative people who bring something new to the table and make a difference in a specific industry. Do you have an original idea that will satisfy a unique niche? If so, small business franchising could be right for you.
Your business should make a unique impression on your customers to help distinguish you from the competition. Customer experience is extremely crucial to successful franchising. Does your business provide a predictable experience to your customer base?
If your small business meets several or all of the above criteria than franchising could be a great opportunity for you. If your small business is an ideal model for a franchise then you have taken the first giant step. The next step is to educate yourself by learning all you can about franchising and how to go about franchising your small business.
Small business franchising offers a great potential for growth; but, is it right for you? Small business franchising is for very ambitious entrepreneurs who want to grow their business significantly. Do you have the energy and stamina to operate a fast-growing, small business franchise?
Successfully operating a small business franchise requires excellent management skills as well as a focused interest in management. Do you possess leadership qualities and management skills?
Are you a people person? To run a successful small business franchise, you need a like-minded team of professionals on your side. Franchisees are more likely to invest in a franchise with a strong team than a one-man-show.
Have you proven your business concept to be profitable? If you have several outlets making a healthy profit, imagine the potential with several hundred or several thousand outlets.
Successful franchises are formed by creative, innovative people who bring something new to the table and make a difference in a specific industry. Do you have an original idea that will satisfy a unique niche? If so, small business franchising could be right for you.
Your business should make a unique impression on your customers to help distinguish you from the competition. Customer experience is extremely crucial to successful franchising. Does your business provide a predictable experience to your customer base?
If your small business meets several or all of the above criteria than franchising could be a great opportunity for you. If your small business is an ideal model for a franchise then you have taken the first giant step. The next step is to educate yourself by learning all you can about franchising and how to go about franchising your small business.
Small Business Franchise – How to Franchise your Small Business
Small business franchising is a great idea for those who have a successful, proven business model that can be easily duplicated. Does your small business satisfy a unique market niche? Do you know what it takes to become a franchisor? Here are some tips to successfully franchising your small business.
Work with a franchise consultant to improve your chances at success. An experienced franchise consultant will help you through the process. You will also need a franchise attorney to prepare business and legal documents.
Now you need to market your small business to find franchisees. You must sell your business concept to potential investors. Your franchise consultant can help you with this. Be sure to learn and follow the FTC rules and regulations in creating a prospectus.
As the CEO of a small business franchise you will need to redirect your focus. You are no longer a sole proprietor. You will need to step away from the operational side of your business to focus on finding franchisees through marketing and networking. Attend speaking events, speak at seminars and network with business owners and entrepreneurs to generate leads.
FranchiseSforSale.com is an online lead generation tool for franchisors. Their targeted matching system enables them to provide franchisors qualified leads for a meaningful match and a greater chance of a franchise award. FranchiseSforSale.com takes great pride in client satisfaction and they are only paid for performance as a franchisor signs a new franchisee that was referred by the company. FranchiseSforSale.com is a valuable resource for franchisors and franchisees in the U.S.
Work with a franchise consultant to improve your chances at success. An experienced franchise consultant will help you through the process. You will also need a franchise attorney to prepare business and legal documents.
Now you need to market your small business to find franchisees. You must sell your business concept to potential investors. Your franchise consultant can help you with this. Be sure to learn and follow the FTC rules and regulations in creating a prospectus.
As the CEO of a small business franchise you will need to redirect your focus. You are no longer a sole proprietor. You will need to step away from the operational side of your business to focus on finding franchisees through marketing and networking. Attend speaking events, speak at seminars and network with business owners and entrepreneurs to generate leads.
FranchiseSforSale.com is an online lead generation tool for franchisors. Their targeted matching system enables them to provide franchisors qualified leads for a meaningful match and a greater chance of a franchise award. FranchiseSforSale.com takes great pride in client satisfaction and they are only paid for performance as a franchisor signs a new franchisee that was referred by the company. FranchiseSforSale.com is a valuable resource for franchisors and franchisees in the U.S.
Subscribe to:
Posts (Atom)
