As a student of business program, you might have already thought about launching own company. There is a range of benefits of working for yourself: higher profits, less rules, no risks of being fired, and an endless room for imagination. After all, you can finally implement own innovative idea into real life. Who knows: perhaps, you can achieve the heights of Bill Gates with his Microsoft one day.
But don’t hurry up purchasing a separate premise, expensive equipment, receiving a license, and facing more tricky challenges. It’s time to think about up-to-date method of getting good money with the minimum costs, investments, time and nerves. You might think of operating as a franchiser. The whole job is done for you: all you need is a branch of fresh interesting ideas. Read this article to discover the advantages of buying a franchise.
One may find hundreds of definitions, but the essence of the franchise will remain unclear. Are there any warranties your business won’t fail? Sometimes, it is better to explain a term from the world of business in a more friendly manner to attract more interest. That’s why we suggest our vision of this phenomenon.
There are some people who possess the technology, finished goods, trademarks, and complete business plans that will allow you to launch a profitable business. Such people are called franchises, and, as you might already guess, their product is known as a franchise. In case you use their services, you become a franchisee.
THERE ARE A LOT OF CHOICES FOR YOUR POTENTIAL FRANCHISING! WHY WON'T YOU CHOOSE ONE OF THEM?
According to statistics of the top business consultants, 90% of franchisees succeed. At the same time, only half of the regular enterprises make high incomes. As a skeptic, you may take these numbers for a ride. But what if we will change your attitude with the help of the world’s most successful businesses you probably never knew were franchises? So, it’s time to learn how to benefit from purchasing a franchise with the minimum losses.
The world’s most known franchise with the failure rate of only 7% is delivering the largest fast-food chain on the planet. Subway increased its rates by adding a line of healthier meals. Today, its restaurants operate 32,000+ shops in about 100 countries. Isn’t that amazing? Subway’s lucky franchisee paid only $15,000 of the initial capital. Regardless a comparatively small amount, these restaurants remained more profitable and recognized than most of their direct competitors. To prove Subway’s effectiveness, just have a look at Blimpie with its 46% loan failure rate. Quiznos is still unknown to the rest of the world but has pretty chances to survive.
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“Well, I don’t care about their incomes. I need to know the reasons for that stuff to make a dent!” That is as easy as ABC:
During the last decade, this all-time favorite fast-food chain hit all possible marketing targets by creating the largest customer base. They are still looking for a potential franchisee. The reasons to join the board are rather attractive: worldwide annual growth, further menu development, world-class support team, and close cooperation with Small Business Administration’s various loan programs.
And that’s not all! Subway is still planning to extend its area of influence and enter new markets. This food giant has completely lost the fear: fast-food Goliath McDonald’s now has to take up the gantlet thrown down to it by the daring competitor. Will Subway penetrate into the breakfast arena? Only the time will show.
To conclude, we would insist on the fact that franchising is still the most beneficial form of business partnership. Before making a decision, keep in mind that:
SmartBrief (http://www.smartbrief.com/) informs that among all franchisors, food business representatives seem to be on the top. With the amount of 155,571 fast service franchise stores and 36,981 full-service franchise establishments by the end of 2014, the numbers continue to grow with the speed of light. Why won’t you join the lucky beggars?