Starting a franchise Cheap From Home | Home Based Business
Today, there are dozens if not hundreds of franchise opportunities that can be managed and controlled from a home office. Some of the cheapest franchise at home have a total investment of $ 20,000 to $ 60,000. Compared to "brick and mortar" franchises that involve the purchase of equipment, real estate, these franchises are definitely "cheap" (affordable is probably a better word). Most franchises of brick and mortar cost between $ 150,000 and $ 400,000 to open. When running a franchise home certainly has its challenges, it is much more affordable and less risky to start.
Search franchise opportunities that interest you. There are dozens of franchise information directories and websites that contain lists of opportunities. Take a look at some of them and looking for "home" or "less than $ 50,000 of investment" to see what kind of franchises can be run from home and started cheap. Another excellent how to find franchise opportunities is to work with a franchise consultant or broker. These professionals help individuals to match franchise opportunities in the way recruiters match employees to employers. Another option is to attend one of dozens of opportunities for trade shows franchise across the country.
Contact a few franchisors that interest you. Many will have marketing material and information they can mail to you. Many franchisors also educate potential franchisees about their business via online webinars and presentations. Think about how each company functions and determine which interests you most.
Apply for a franchise and a request for Franchise Disclosure Document. Most franchisors do their FDD franchisees who have not made a formal request for a franchise. Once your application has been received, the franchisor shall send you the FDD to your request. The document has 23 specific items that franchisees need to know. Attached to the FDD are the financial statements, a list of current and former franchisees and franchise of the sample.
Call current and former franchisees to verify the information you receive and learn how the franchise. You can ask franchisees how much money they make, how many hours they work and what their overall impression of the business model is. Franchisees usually like to talk with a potential new franchisee, but keep in mind that you speak with independent business owners, do not take too much of their time. Remember also that they are not required to share personal information with you, and if they share everything, it is simply a favor to you.
Run the franchise agreement and set up your home office. Once you have signed the franchise agreement and paid the initial franchise fee, you must immediately begin your home office for business. Your franchisor will be able to tell you what equipment and supplies you'll probably need.
Starting a small business from home
0 comments:
Post a Comment