Selecting a Small Business Franchise
There are thousands of small business franchises from which to choose – the secret is to discover which one is right for you!
The Franchise Guy has hand-picked over 200 of the finest franchises and can guide you through the decision process to starting a franchise of your own. Our consulting services will help you understand your own expectations of starting a franchise, through in-depth discussions and assessments. We'll give you options to meet your needs and unbiased advice to help you achieve your goal to start a franchise. Schedule a free consultation today!
Consider these options when determining the ideal franchise to complement your lifestyle:
The Established Franchise vs. The Newer Franchise
An established franchise has the benefit of name recognition along with a loyal following and a well-known reputation. The franchisor supplies a refined business model and training program when you start a franchise and provides PR and marketing support with maximized regional and national advertising.
A newer franchise is still making a name for itself – which is why you may benefit with lower entry fees and more opportunity to share in company growth. The business model has likely been designed with the latest business and marketing concepts, offering you more freedom and flexibility when you start a franchise.
Hands-on, full time franchise participation provides you the highest level of involvement and the best return in your franchise investment.
If you view franchise ownership as a part-time business venture, then you may choose to be a silent partner to someone who excels in the leadership role. Passive or part-time franchise participation is appropriate, as long as you have effective management in place to oversee the business and to make the day-to-day decisions.
- Single Unit Franchise vs. Multiple Unit Franchise
Please contact us for more information about how to select a small business franchise!
When starting a franchise and exploring your options, it's important to consider that multiple franchises may be your best long term strategy. The Franchise Guy is working in your best interest and will help you to determine the best scenario that will bring you the most success while meeting your needs.
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