Home Based Franchises
With 40% of today’s retailing performed through franchising, it must have its benefits.
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.
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.
MY PERSONAL VIEWPOINT
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.
There are advantages as well as disadvantages to starting a home based franchise business.
Some of the advantages include:
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.
FIND YOUR OPPORTUNITY!
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:
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.
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:
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.
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.