Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

SUBSCRIBE
Thought of the Day:

"Just when the caterpillar thought the world was over, it became a butterfly." ~ Anonymous

Choosing a Franchise Will Affect Your Life For the Next 5 to 10 Years - Be Clear on Your Reasons!
Posted by: Admin Post on October 28, 2009
Author: Derek O'Dwyer


You have been bitten by the Entrepreneurial bug. You want to start your own business and you are considering purchasing a franchise. Certainly worth considering. There are many great franchises in operation throughout the world today. Like everything in business, this is a decision which will have a massive impact, not just on your life but on the lives of your family, your friends and your acquaintances.

The best advice that can be given is to follow the Aesop Fable of "the Tortoise and the Hare" take deliberate well planned steps in choosing your franchise. I purchased my first franchise 8 years ago and I am still working the business every day. I'm personally delighted with my franchise. Some of the things that you must consider when you start your business are:

- Will I have to work in this business every day and if so, is it really a business that I want to do.?
- Am I looking for a business where I will have to sell every day?
- Am I looking for a business where there is a good level of repeat business?
- Am I looking for a business with a high Gross Profit margin?
- Am I looking for a business where I am not reliant on the main head franchiser for support all the time?
- What skills do I have that will compliment the franchise offering?
- Does the franchise increase in value as it develops and can it be sold as a going concern?
- Why am I attracted to this franchise?
- Have the people involved in the franchise been completely transparent with me so far?
- Have they give me a list of people to contact and is it comprehensive?
- How committed am I? Will I do whatever it takes for as long as it takes?
- Am I the type of person who can follow a proven system that works without wanting to tweak it to suit myself?
- Have I written down all my own reasons for wanting a franchise?

When I purchased my franchise, we were told to simply follow the system which had been tried and tested over the years. It works - No tweaking, not changing, just do what they suggested on training. Whether you opt for a franchise or not, all business run efficiently when you have systems in place. Learning by your mistakes is the slowest way to become successful in business and there is no need to follow that route. A systematized approach is the surest way to success in business. Online business opportunities are following the same path. Using proven systems to earn money is the fastest way to a successful business.

Find out more about a successful and proven online business that Derek O'Dwyer is currently operating. It offers a great insight into a truly systematized business.

Author: Derek O'Dwyer
Article Source: http://EzineArticles.com/?expert=Derek_O'Dwyer



Franchise News:



Franchisors Look North


Derek Sankey of Canada's The Financial Post says: 'Canada a "good place" to do business'. more


Franchise Expo Returns to D.C. This Spring


Representatives from some of franchising's most well-known brands will gather in Washington, D.C.... more


The British & International Franchise Exhibition


20 & 21 March 2009, Olympia, London
Discover how to become your own boss at The British ... more


View all News