Have you ever thought of starting your own business? Starting a business from scratch can be very difficult. Luckily there are people out there who have already done the R&D and are willing to sell their business plans for a fee. Believe it or not, a McDonalds franchise maybe easier to manage than a non-franchise business.
I have a girlfriend who bought into the Subway franchise. For a set price, the franchise gave her a brand name that is already well known, helped her hire employees and trained her on how to make her business profitable. Sounds like a great deal.
As always there are a few cons to buying a franchise. Since you don't own the brand name, you have to pay royalty payments each year. You are obligated to follow uniform operating procedures and start up costs can be a lot higher than starting your own non-franchise business.
Although the idea of being your own boss and owning a business does sound tempting. Not sure I'm ready to take the 'owning a business' plunge.
Do you own a franchise? Which do you think would be the most profitable? Try searching for franchises on AOL Search or check out AOL Money for investment tips.
Top Searched Franchises on AOL Search:
1. Dollar Store franchises
2. Subway franchise
3. KFC franchise
4. KaBloom Flowers franchise
5. Dunkin Donuts franchise
6. Denny franchise
7. ATT store franchise
8. McDonalds franchise
9. Fedex Kinkos franchise
10. Curves franchise
More Sponsored Links For: franchises, franchise opportunities, business for sale
Reader Comments (Page 2 of 3)
21. Fear is the #1 cause of normal people not making furtunes with their ideas. You cannot be your own boss if your not willing to take risk.
Posted at 6:18PM on Mar 17th 2008 by nates
22. YA SIGN ME UP FOR ANOTHER SCAM COMPANY. I WANT TO SELL VITAMINS WHEN EVERY GROCERY STORE IN THE WORLD SELLS THEM. YOU WILL BE WORKING 9-5 TILL THE DAY YOU DIE WITH ALL YOUR GREAT INVESTMENTS.
Posted at 6:33PM on Mar 17th 2008 by CHRIS
23. Im poor and i dont have money but dream of my own business someday. Im already getting old at 25 and still in school wondering what to major in. In the mean time I'm suffering desperately to pay the bills and so on. Im currently trying to find a fulltime job but it seems that these days there isn't much of an offer out there. Is this normal for a man my age.
Posted at 6:50PM on Mar 17th 2008 by jose medina
24.
Im poor and i dont have money but dream of my own business someday.
Im already getting old at 25 and still in school wondering what to
major in. In the mean time I'm suffering desperately to pay the bills
and so on. Im currently trying to find a fulltime job but it seems
that these days there isn't much of an offer out there. Is this
normal for a man my age.
Posted at 6:50PM on Mar 17th 2008 by jose medina
25. www.Diggersbbqfranchise.com The greatest franchise ever!!! work from home catering franchise $50k Total investment and they buy your equipment and pay you to train!!! No huge start-up cost and flat fee royalties!!! Only $500 a month!!
Posted at 7:02PM on Mar 17th 2008 by Nick
26. Want your own business in the Southeast. Our company Vinsupportinc.com services auto dealers with internet marketing services. We take the pictures of their cars put them on their websites and send them out to autotrader.com , cars.com and other sites. Our business is booming and has tremendous profit margins. The best part of it is that start up costs are very very low. If you want some information check out our site. We have affiliate operations that have gone from $0 revenues to $20,000 revenues in less then 6 months.
If you have the drive we have the tools and products.
Posted at 7:05PM on Mar 17th 2008 by James Cannova
27. My husband and I lost EVERYTHING this past year after buying a Panera/California Pizza "type" franchise.We had spent the past 10 years with "the" national pizza delivery chain ,and sold that to try and ride the fast casual wave.The restaurant indusrty as a whole is Way down .This is not the time to take risks.
Posted at 7:05PM on Mar 17th 2008 by Kathy
28. If you are looking for francise, there are many, good established business besides the obvious ones that you can francise. Look for a business that has been around for several years and has been successful. You can get into a business that is already proven and established for much less risk than a new businss, and much less investment than one of the big francisors.
Posted at 7:07PM on Mar 17th 2008 by Nancy
29. visit maidtosparkle.net. Low entrance fee, everyone needs a home cleaned, and its full time pay for part time work. No matter how bad the economy, people will always pay to have their home cleaned!
Posted at 7:12PM on Mar 17th 2008 by Jonathan
30. yea #9 and also remind anyone who does not have the money to take the gamble to sell the stocks NOW as the market is due for a repeat of the past I think BUSH #1 was in office when the market went down the last time and now BUSH #2 is pumping money in everything to keep things somewhat shored up until Jan 09 if he can but he has everything a mess this war billions and billions a month its got to STOP we need BUSH out ASAP!!!!!!!!!!
Posted at 7:13PM on Mar 17th 2008 by JIM
31. Sorry, I forget to leave our website.
http://www.maidtosparkle.net
Visit our website!!
Posted at 7:16PM on Mar 17th 2008 by Jonathan Burnes
32. I've seen even McDonalds close due to a bad location or just too many within a 5 mile radius. Just seven words...."use caution & do your business homework" before starting a new business.
Posted at 7:18PM on Mar 17th 2008 by ashleysmallfry
33. Since the late 1800's, our business has been extrememly successful. We own Murdick's Fudge Shoppe in Suttons Bay and Leland Michigan. We make our own fudge, chocolates, brittles. caramel corn, etc. We do not offer it as a franchise (which is good, no fees), but do offer help and recipes to help you set up your own successful business. Go to our website at: www.murdicksfudgeshoppe.com and let us know if you are interested and we can get you some information on how to start your own business and make it a great investment.
Posted at 7:39PM on Mar 17th 2008 by Michelle Murdick
34. I WOULD LOVE TO OWN A STARBUCKS
FRANCHISE....THIS WAY I DONT HAVE
TO PAY $4,345.00 FOR A FRIGGING
CUP OF COFFEE.
Posted at 8:00PM on Mar 17th 2008 by DENNIS
35. All I gotta say is see proof: http://www.system4cashmoney.com
Posted at 10:17PM on Mar 17th 2008 by Moe
36. Wish someone would open another Dunkin Donuts around here. The people that owned the last ones did a terrible job and, eventually, lost just about everything they had. Krispy Kreme is still around but sometimes it'd be nice to have a choice.
Posted at 11:36PM on Mar 17th 2008 by ranee
37. curves in a money loser. All it does is bleed money. Don't ever get into a curves franchise you will lose your shirt!
Posted at 10:16AM on Mar 18th 2008 by Sandy
38. Anybody looking to buy a franchise needs to make sure they get the right information first. Anybody who has been through the experience will tell you, you have to ask hard questions and not be shy. The last thing you want is to get suckered in by a hard sell...and many of the franchise companies do that. Buy now...or lose out! That's never true!
Check out www.IsFranchising4You.com. They have message boards where you can post questions and get them answered by an expert...plus other educational resources.
Posted at 10:17AM on Mar 18th 2008 by CSMiller
39. I saw your posting and thought you’d be interested in a few tips from my client who is a franchise expert at Wireless Toyz because even after someone has made the initial decision to buy into a franchise opportunity, there are seemingly endless checklists of things to consider before choosing ‘the right one.’ President of finance and franchise development of one of the country’s fastest growing companies, Richard Simtob recommends a cold hard look at every one of his top ten selection criteria before making the leap.
1. Choose a business about which you are passionate. If you love what you do, you’ll never “work” a day of your life.
2. Choose a business whose daily tasks align with things you like to do.
3. Ask yourself if the dollar potential of the business will meet your long-term financial goals.
4. Make sure the investment requirements and start up costs fit within your budget. Is financing assistance offered? What is your risk tolerance?
5. Determine if the income potential is sufficient for you and your family. Are royalty payments reasonable and designed for both the company and franchisee to profit?
6. Assuming the product is superlative and demand has been established, evaluate the franchise system itself and make sure it is based on a sound business strategy. Will you be comfortable executing that system?
7. Assess if the brand is solid, recognizable and likely to lead to sales on its own strength.
8. Research the company and its history. Has it been around long enough for most of the kinks to be worked out? Has the concept caught fire?
9. Gauge if franchisees are allowed the level of autonomy and independence you desire. Consider the level of assistance or freedom you would like for real estate, store layout and design, ongoing operational field support, business analysis, training manuals, marketing and advertising.
10. Verify an exit plan and separation strategies that are acceptable to you. Knowing how to get into the deal is only half of the equation.
You may contact Richard Simtob at 866-2FRANCHISE or email him at franchise@wirelesstoyz.com. You may also visit www.wirelesstoyz.com/franchise for more information.
Posted at 11:56AM on Mar 18th 2008 by nmartin
40. I purchased my first Subway franchise in 1987 and three more during the next five years. I found Subway's business system one of the finest and the combination of HQ and local support for franchisees first class. Their success today is well deserved and allowed me to retire comfortably.
Posted at 3:17PM on Mar 18th 2008 by Paul F