Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...

Small Business Media and tapping into that vein can be a tricky and somewhat slippery slope unless you know some tricks of the trade.  Getting your message in front of the right audience is often the key to success.  So, where are the keys to the kingdom you ask and how can you get your hands on...

Entrepreneurs' Day 2016 on the 15th was outshined by politics, climate change discussions and so much more.  That is a real shame since small business is the backbone of this Country.

Entrepreneurs' Day - In my world it is Entrepreneurs' Day every day! I think, sleep and breath Entreprenuership...

Sponsors

Paid2Save Click or Call Bill Toth (716) 345-1888
If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
I Want To Buy a Business Opportunity or Franchise
Who are the types of people who buy a business opportunity or small franchise? According to people in... Read on
 
Resource Center > Article
The Top 10 Reasons to Buy a Business Opportunity or Franchise
6 Jun 15 Posted by: admin
in Start-Up
Share this Article:

Starting your own small business is part of the American Dream, right up there with owning your own home. But getting from the idea stage to reality is fraught, with many hazards along the way. So, explore the top 10 reasons to buy a business opportunity or franchise with us.
Statistics tell the sad tale: 80% of new start-ups fail within the first year and a half. How can you become part of the 20%, one of the success stories enjoying the role of entrepreneur and business owner? Here is a look at two ways to improve your chances.

The Problem of Starting from Scratch
Going it along means you need to figure out what will work in your particular case. You can get input from mentors and ideas from researching the industry. But you still need to do significant amounts of experimenting to figure out how to choose suppliers, where to advertise and what draws customers.
That’s why people who want to own their own business often buy already established businesses or a franchise. When you buy a business or concept that is already established, the bugs have been worked out by others.

Here is a closer look at the advantages that come with buying a franchise or a company with a track record.

5 Reasons to Buy a Franchise

Franchising is big business in the U.S. There are over 760,000 in the U.S. that help the economy by employing over 8.5 million people. There numbers are growing by a healthy 1.6% a year. Here’s why.

#1. You are part of an established network.

Using the power of numbers, you gain access to better rates for advertising and better pricing from suppliers.

#2. You can tap into expert training and resources.

Many franchisees have never owned a business. The franchising company understands this. They provide extensive training that covers operations, hiring, marketing, customer relations and finances.

#3. They make available patented technology, logos and trademarks.

When you buy a franchise, the logo and brand are already known. The trademarks and patents used in the business are fully secured and available for your use. Software and advanced technology is part of the deal.

#4. Your brand is secure and well known.

The franchising corporation has already spent significant amounts marketing the brand so customers are familiar with it. This attracts customers, bring in cash as soon as you start your franchise.

In addition, the founding company enforces standards among all their franchises so that the brand stays respected.

#5. The kinks have been worked out for you.

When you buy a franchise, the winning formula has been tested and tweaked. You benefit from the experience of others.

 The Top 10 Reasons to Buy a Business Opportunity or Franchise

5 Reasons to Buy a Business

The other route to take is buying a going concern. These business opportunities abound because owners want a change of lifestyle, they get sick, family obligations come sup or it’s time to retire.

Here are 5 excellent reasons to consider buying a business that has been around for awhile.

#1. It already has a customer base.

When you invest in a business opportunity, provided you’ve done your research, you will have a built-in set of customers. When you start a business from scratch, attracting customers takes time, meaning more money is going out than is coming in. With an established company, you simply carry on, taking in money right from the start.

#2. The financing end is smoother.

When you buy a business that has a solid financial track record, you will find it much easier getting a loan from a bank. Creditors always feel more secure when the company has been in business for a period of time.

#3. You inherit experienced employees.

Recruiting new employees is time consuming and confusing. Until you have the people in place to run the business, it will never gain traction. With trusted employees who already know the business, you can rely on them to keep customers happy and cash flowing in while you learn the ropes.

#4. Your brand is known.

The first owner has marketed the business and gained brand recognition among customers. This means you can start where he left off when it comes to marketing, instead of starting from a position of no brand, no logo and no customers.

#5. The system for running the business is already in place.

The first owner sets up a process that made money. You can carry on with his ideas, techniques and practices, tweaking them as you go.

Starting a business is hard. It takes research, money, skill and commitment. You can enhance your changes of success by tapping into the work already done for you when you buy a franchise or an established company.

Related Blog Posts
8 Jun 16 Posted by: Kevin James Culp
in Start-Up

Commercial Property 101: Leasing commercial space can be hugely beneficial for your business and a great way to cut down your overheads.

However, there are lots of things you need to consider before leasing a commercial property to ensure that you’re making the right decision for your business....
19 Apr 16 Posted by: Todd Hatch
in Start-Up

StartUp Marketing - There is a wave of sheer exhilaration that comes with finishing your product or getting your startup to the starting line. But according to many entrepreneurs, that’s when the real work begins. People need to know what you have to offer before you can make money.

StartUp Marketing...
28 Mar 16 Posted by: Kevin James Culp
in Start-Up

StartUp Financing: Are you having trouble getting people to buy your expensive products or services? Whether you are offering a business opportunity or a franchise, you are not alone.

StartUp Financing: Even after your target audience is sold on the worth...
29 Dec 15 Posted by: Kevin James Culp
in Start-Up
Funding is the lifeblood of any business. The principle reason entrepreneurs put off starting their own business is lack of it. Raising funds from venture capitalists, friends and family is fraught with danger and is often very time consuming. Funding your business by mortgaging your home is risky too....
14 Dec 15 Posted by: Kevin James Culp
in Start-Up
Who are the types of people who buy a business opportunity or small franchise According to people in the field, this type of career move appeals to a wide range of personalities. If you’re worried that you don’t have what it takes, relax....
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight

If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?

Premium Sponsor