Small Business Franchise Opportunities

Many businesses offer small business franchise opportunities. There are many things that are needed for a small business of this kind, but the rewards are great. Franchising allows you to take on a proven and marketable brand and logo, without having to go through the time, effort, and money to build a name or a reputation.

When investigating a small business franchise, it is important to know the industry related to that franchise. Restaurant chains, supply stores, and many service-oriented businesses have franchises available and the first step is finding a company that you believe in. Your faith and commitment to the product or service that you market are imperative.

Small Business Franchise opportunities in the restaurant industry are extremely profitable. This will not be an undertaking for the faint of heart though. There will be a larger investment monetarily and time wise initially that you would not have with smaller endeavors. However, once established, you will see your profits rising.

There are usually fees or dues paid to the corporation that heads up the small business franchise for operating under their brand. There are also guidelines that you will have to adhered to, in order to maintain the franchise and brand name. These guidelines are different for each company and some research will have to be done in order to make sure you are clear on the details before hand.

Small Business Franchise opportunities will usually require that you sign numerous contracts to the effect that you will adhere to their company restrictions and policies. This is done to ensure that the basic quality and company reputation is maintained to a minimum level. You will have to be open to those restrictions and open to the corporation's guidance.

Market research is important in any business, but especially so in franchising. Some companies have both corporate owned locations and franchise owned locations. These are generally set up in areas designated by the corporations. You will have to know what area is available to you and whether or not that is acceptable to you.

You will also have to be aware of any conflict of interest clauses with the corporation. It is frowned upon, for example, to own more than one brand of restaurant. This would present a conflict that the corporations would not appreciate. Again, this is where your research and brand faithfulness will help you.

Once involved in a successful small business franchise, it is easy to expand and own more than one location of the same brand. Many franchise owners will typically own between three and five locations, sometimes more. Each franchise will operate, as is own business, so you will need to educate yourself and your management staff about all the accounting and taxation regulations.

Of course with a larger franchise, you will have employees and will need to be aware of human resources laws federally and locally. Finding a good accounting and payroll service will be important if you are dealing with a great number of employees. Most corporations will assist you in this regard, often taking care of the human resources and payroll aspects of your operation for you. Don't forget that you will need to research benefits and insurance packages if the corporation does not handle this.

Another advantage to franchising is being able to take advantage of the assistance with advertising. If your location is close to a corporation market area, you will share in the rewards of television and other types of advertising. Having the support of the corporation behind you also gives you the added benefit of assistance in the broader points of sales and marketing.

If you have management experience with a corporation that offers franchise opportunities and are interested in owning one, some corporations will even help finance the initial investment. Depending on how extensive the franchise is will depend on your up front investment. If you have to construct a building from the ground up, of course this will cost more than purchasing an already existing location. Checking with various banks and financial institutions will be a must to get your franchise off the ground.

Franchise business opportunities are profitable but not without their responsibilities. Proper research and investigation must be done in order to ensure a successful partnership with the corporation that maintains the franchise. Once involved, however, you should be able to reap the rewards and share in the profits with a franchise opportunity of your own.

© Copyright Randy Wilson, All Rights Reserved.

Randy has dozens of home based business articles such as Start a Mattress Cleaning Service, Unusual Home Based Businesses and Start a Catering Business.

---

Dispute Resolution of Territory for Mobile Franchised Companies

Franchisors of home based and mobile businesses need to carefully... Read More

Is It Recess Yet?! Confessions of a Self Employed Workaholic

I have a confession to make. My name is Caroline... Read More

Attributes Of Companies You Don?t Want To Buy!

There are no "rules of thumb" in the pursuit of... Read More

Power Tools for Business

How do we keep track of our business deals?If you... Read More

Is This The Way Its Always Been Done?

Let's face it, we all tend to get stuck in... Read More

Racing the Competition

What is the Big Race all about when it comes... Read More

Yeah, It IS Lonely At the Top

Sometimes when you run a business you feel as lonely... Read More

Build Credibility, Value, and Trust on a Shoestring

Setting priorities in your business? Your first job is to... Read More

Find Your Niche & Follow It - Part 1

In this series of articles I'm going to show you... Read More

Small Business - A Thing Worth Doing Is Worth Doing Badly

A thing worth doing is worth doing badly. Yes I... Read More

The Business Autopsy: A Fact Of Life

Last week we discussed the importance of performing an autopsy... Read More

Pet Grooming Business

Do you like animals? Would you like to work for... Read More

How to be Annoyed and Make Money

When do annoyances in a relationship become too much to... Read More

How Your Habits Control Your Small Business Success

Habit: A consistent behavior you perform so frequently that it... Read More

Franchisor Prospect Checklist Sample Form

Due to the over regulation in the Franchising Industry and... Read More

Asking the RIGHT Questions

Which questions do you need to ask to even get... Read More

6 Steps to a Successful Medical Spa Expansion

According to the American Society for Aesthetic Plastic Surgery, since... Read More

Family Business and Conflicts

What is a Family Business? A family business is basically... Read More

Small Business Success: Thriving During Change (And Landing On Your Feet!)

If I had $1.00 every time I heard someone say... Read More

Essex Accountants: Top Things to Look For

One of the most common horrific mistakes a business can... Read More

Dispute Resolution; Competing With Other Franchisees

If you are in a franchise and have a territory... Read More

Employee Induction - Are you Inducting your People - A Practical How To

In today's fast paced marketplace it is easy to neglect... Read More

Your Babys Ugly..and Youve Got Bad Breath

I've got good news and bad news. The good news... Read More

The Beauty of Focus and Plan B

Did you ever have one of those days or weeks... Read More

Implementing an Internship Program

CONSIDERING COMPANY NEEDS: In identifying your needs for the internship,... Read More

Small Business and Over Regulation

Over regulation of small business is so intense it is... Read More

The Wrap on Ag Plastic

While driving through Pennsylvania farmland, you have probably noticed an... Read More

Three Ways to Add Leverage to Your Small Business

Remember those drawings from science class of how a lever... Read More

How to Protect Yourself & Your Business

As a business owner, you already know how important it... Read More

How to Profit from a Concrete Roof Tile Business

Concrete Roof Tile Business: During the 2004 summer season, storms... Read More

Understanding Franchise Releationships in a Franchised Business

Now that you have invested your time, energy and money... Read More

Small Business Marketing - Clarify Success

When you hear the word "success" does it bring on... Read More

50 Ways to Save Money

There are countless ways to save your business money. Unfortunately,... Read More