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
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Reader Comments (Page 3 of 3)
41. I have helped for many years brand new independent coffee house owners to establish there own business, kind of a franchise without the franchise fees. I have noticed that most of them do not have the sufficient capital or the skills to open and sustain there own business. If you are thinking about purchasing a coffee franchise ask the right questions; about the industry, about the location, about branding and about customer training. It is not as easy as purchasing an espresso machine and a foreign looking coffee beans in order for people to form a line in front of your establishment and start buying coffee. That only works for Starbucks that has been doing that for many, many years. No, people do not think that your coffee is better than Starbucks just because it has a different name and there coffee is not bitter (most coffees are bitter anyway). For the ones of you that are ready for hard work, luck may not necessary.
Posted at 4:01PM on Mar 18th 2008 by Ron Cortez