Small Business Franchise Opportunities

Many businesses offer small business franchise opportunities. There are many things that are needed for a small business of this kind, but the rewards are great. Franchising allows you to take on a proven and marketable brand and logo, without having to go through the time, effort, and money to build a name or a reputation.

When investigating a small business franchise, it is important to know the industry related to that franchise. Restaurant chains, supply stores, and many service-oriented businesses have franchises available and the first step is finding a company that you believe in. Your faith and commitment to the product or service that you market are imperative.

Small Business Franchise opportunities in the restaurant industry are extremely profitable. This will not be an undertaking for the faint of heart though. There will be a larger investment monetarily and time wise initially that you would not have with smaller endeavors. However, once established, you will see your profits rising.

There are usually fees or dues paid to the corporation that heads up the small business franchise for operating under their brand. There are also guidelines that you will have to adhered to, in order to maintain the franchise and brand name. These guidelines are different for each company and some research will have to be done in order to make sure you are clear on the details before hand.

Small Business Franchise opportunities will usually require that you sign numerous contracts to the effect that you will adhere to their company restrictions and policies. This is done to ensure that the basic quality and company reputation is maintained to a minimum level. You will have to be open to those restrictions and open to the corporation's guidance.

Market research is important in any business, but especially so in franchising. Some companies have both corporate owned locations and franchise owned locations. These are generally set up in areas designated by the corporations. You will have to know what area is available to you and whether or not that is acceptable to you.

You will also have to be aware of any conflict of interest clauses with the corporation. It is frowned upon, for example, to own more than one brand of restaurant. This would present a conflict that the corporations would not appreciate. Again, this is where your research and brand faithfulness will help you.

Once involved in a successful small business franchise, it is easy to expand and own more than one location of the same brand. Many franchise owners will typically own between three and five locations, sometimes more. Each franchise will operate, as is own business, so you will need to educate yourself and your management staff about all the accounting and taxation regulations.

Of course with a larger franchise, you will have employees and will need to be aware of human resources laws federally and locally. Finding a good accounting and payroll service will be important if you are dealing with a great number of employees. Most corporations will assist you in this regard, often taking care of the human resources and payroll aspects of your operation for you. Don't forget that you will need to research benefits and insurance packages if the corporation does not handle this.

Another advantage to franchising is being able to take advantage of the assistance with advertising. If your location is close to a corporation market area, you will share in the rewards of television and other types of advertising. Having the support of the corporation behind you also gives you the added benefit of assistance in the broader points of sales and marketing.

If you have management experience with a corporation that offers franchise opportunities and are interested in owning one, some corporations will even help finance the initial investment. Depending on how extensive the franchise is will depend on your up front investment. If you have to construct a building from the ground up, of course this will cost more than purchasing an already existing location. Checking with various banks and financial institutions will be a must to get your franchise off the ground.

Franchise business opportunities are profitable but not without their responsibilities. Proper research and investigation must be done in order to ensure a successful partnership with the corporation that maintains the franchise. Once involved, however, you should be able to reap the rewards and share in the profits with a franchise opportunity of your own.

© Copyright Randy Wilson, All Rights Reserved.

Randy has dozens of home based business articles such as Start a Mattress Cleaning Service, Unusual Home Based Businesses and Start a Catering Business.

In The News:

Small Business Struggles  NBC4 Washington

The Joy and Hazards Of Finding Your First Office

Q: I have outgrown my home office and need to... Read More

Dispute Resolution of Territory for Mobile Franchised Companies

Franchisors of home based and mobile businesses need to carefully... Read More

Street Wars Between Mobile Car Washers and Mobile Auto Detailers

There is much competition in the mobile auto detailing business.... Read More

Small Business Owners - They Owe You The Money Why Dont They Pay?

Doesn't it frustrate you when you've given good service, sometimes... Read More

Your Ideal Client ? A Key Concept for Solo and Small Business Marketing

"I don't know the key to success, but the key... Read More

Where Can People Find Information About Starting A Business?

Approximately 200,000 new businesses are started each year. More people... Read More

How to Make Your Business Image Stand Out Above The Crowd

Traditional advertising methods are still being used for almost 90%... Read More

Be Nice to Your Payroll Department

Ok, so next to the taxman, your company payroll department... Read More

Starting a Virtual Assistant Business

If you're organized, smart, capable and willing to work with... Read More

Building Your Business for Success in 2005

It's a strange anomaly.Most people who set out to start... Read More

The Responsibility Conundrum - Where art Thou?

Mr/Ms, 'not me' is often on holidays in your business.... Read More

Beating the Small Business Cash Flow Blues

Small business owners can relieve a lot of their own... Read More

Creating a Paperless Office

When working from home, it is usual to find that... Read More

Be Prepared When Business Investors Look Beyond Your Business Plan

You have spent considerable time pulling your business plan together,... Read More

How To Ruin Your Business

If you're like the rest of us, you've spent a... Read More

Youll See It When You Believe It - Growing Your Business from the Inside Out

What unspoken message are you sending your clients and customers?... Read More

Facts About Starting Elderly Group Home Businesses

There's been a recent rise in the number of elderly... Read More

Small Business - A Thing Worth Doing Is Worth Doing Badly

A thing worth doing is worth doing badly. Yes I... Read More

When and Why YOU Are the Best Writer for Your Business Plan

WHEN you are operating or planning a small business that... Read More

Small Business Mistakes: Are You Making Enough of Them?

That's right ­ are you making enough mistakes in your... Read More

More Rules for Franchising?

The FTC- Mighty Federal Trade Commission has unilaterally decided to... Read More

How to Curb Antique Shop Theft Inexpensively

If you have ever had your antique shop or mall... Read More

Mobile Detailing VS Fixed Site Detailers

Mobile detailers will find themselves with lots of competition even... Read More

How to Write a Credit Policy for Your Business

The book, "Become the Squeaky Wheel," by New Hampshire author... Read More

How To Start a Small Business

Not sure how to start a small business? This guide... Read More