Home Based Franchises

Home based franchises are an exciting area to pursue if you want to strike out on your own and be your own boss.

With 40% of today’s retailing performed through franchising, it must have its benefits.

Franchising Explained

My Personal Viewpoint

Advantages

Disadvantages

Types of Home Based Franchise Opportunity Business

Conclusion


BUSINESS FRANCHISE FOR SALE

This information is about a business franchise for sale.

It is about buying an existing Franchise that has either already been set up by someone else, or they have already developed the entire business concept to use as a franchised operation.

  • Another alternative is to "Franchise" your existing business operation.


    Franchising Explained

    Before embarking on a franchise opportunity, you need to know the basics of franchising.

    Essentially, the franchisee (you) pays a substantial investment to use the identity of an established business (franchisor). Some established and well-known businesses run along these lines include the fast food chains McDonalds, Subway and Burger King.

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    MY PERSONAL VIEWPOINT
    Franchises don't seem to fit with me. Not with my style, or my way or working.

    I chose a Home Based Business because I really need a lot of flexibility in my home and work life. And although I don't consider myself a really creative person, I do see myself as a problem solver.

    So to not be able to solve problems readily, independently and by thinking outside the square - because it doesn't fit with your franchise agreement - doesn't sit so well with my personality type, or my skill set.

    It is absolutely vital that you understand yourself well enough, before you commit to any type of business, to know if it will fit with YOUR way of working.

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    Advantages

    There are advantages as well as disadvantages to starting a home based franchise business.

    Some of the advantages include:

    • Selling goods or services that are already well known by the general public (established client base)
    • Support from the parent company (franchisor) during initial start-up
    • Free advertising
    • Management training
    • Occasional workshops and seminars

    If you are considering pursuing home based franchises, it would be prudent to also consider the disadvantages. As with any business endeavor, there is usually a “flip side”.

    Reviewing the pros and cons will help to determine if this business would be the right fit for you.

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    FIND YOUR OPPORTUNITY!
    Here is one of many websites available that list numerous Franchise Opportunities for you to consider. One of the great things about a site like this is that it gives you a good big picture of just what is available.


    Disadvantages

    The ability to use an established company’s name does not come without a price. In fact, it is usually quite substantial.

    “Out of pocket” expenses that you will accrue when starting your home based franchise opportunity business are:

    • Initial franchise fee – This can be anywhere from several thousand to several hundred thousand dollars. This fee is usually non-refundable.
    • Royalty payments – You are required to pay a percentage of your weekly or monthly profits. Royalty payments are often due even if you have not earned significant income during a certain time period. You are paying to use the franchisor’s “name”. Even if you do not receive the promised support, royalty payments are ongoing for the duration of the franchise agreement.
    • Advertising fees – These are fees garnered for national advertising and to draw new franchise owners. The fees are not directed toward your franchise exclusively, but for the company as a whole.

    There is also a significant loss of autonomy in a home based franchise opportunity business.

    The down side of using a franchisor’s name and reputation requires that you relinquish a degree of control over your business.

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    Types of Home Based Franchise Opportunity Business

    After mulling over the pros and cons, you might be asking, “what franchise opportunities can be home based”?

    Searching the Internet, I found many franchises for sale that purported to be “home based”. That is, they did not require an establishment outside the home. Obviously, fast food franchises would be exempt from a home based enterprise.

    Some of the home based business franchises I ran across were:

    • Automotive – Included in these franchises are mobile body shops, glass repair, and tools.
    • Computer and Internet – These franchises encompassed digital surveillance, distributors, and member management systems.
    • Services – Some noted service franchises are delivering propane tanks, concrete landscape edging, hauling junk, and filtration and fryer cleaning businesses.
    • Business – These franchises included direct sales, commercial loans, and selling eco-friendly water.
    • Child Related – Mobile school bus fun and fitness centers, home based tutoring and digital portrait photography and imaging are just a few of these types of franchises.

    This list is by no means exhaustive. With a little research, you would be able to find a business franchise that would suite your unique personality and skills.

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    Conclusion

    Do you possess an entrepreneurial spirit? Do you dream of working from home?

    If you answered, “yes” to these questions, the first step to owning your own business is to review the different types of home based opportunities available.

    One exciting and often profitable area to explore is a home based franchise opportunity business.

    Only after reviewing its advantages and disadvantages can you determine if it is the best home based business for your unique personality, skills and life circumstances.

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