It's probably not a matter of whether it's a cheap franchise or not, but rather a matter of caring about keeping

all franchisees happy. An advisory board can indicate a willingness to listen and learn from franchisees. However, if the franchisees on the board are handpicked by the franchisor, they may do nothing of any consequence. A well-rounded franchise advisory board should include people who own multiple franchises as well as people that only own a single franchise. The entire spectrum (inclusive of both large and small markets) needs to be represented. The diversity of the board ensures that as many voices are heard as possible, regardless of the cost of the franchise itself. As you research the franchises, take note of cheap franchise opportunities. Make sure you include all the costs associated with starting a franchise, however. If low start-up costs are evident but the royalty fee is much higher than normal for that industry, you need to be aware. Create a chart listing the various charges and expenses you'll incur over the first few years to get an idea of the total cost of a business. The cheap franchise opportunities that don't make any profit could end up costing you more in terms of lost opportunity. Whatever money you invest in a cheap franchise is money you can't invest elsewhere. Choose wisely and investigate and understand all costs. The low cost franchise opportunities which are experiencing tremendous growth have both disadvantages and advantages. The advantages are obviously that consumers like the product and the name will become even more known as the growth continues (this is a good thing as it fuels the growth in your business). It probably also indicates a sound financial structure. On the other hand, the franchisor organization is probably growing as fast as the individual franchises and that may cause some difficulties. In any fast growing organization, some things get lost. If you are brand new to the small business franchise, you may not get the support you need and may feel overwhelmed by the fast growth expected of you. If you are looking for a stable and safe choice to your investment plan, consider purchasing a franchise. WSI is one of the finest and largest franchise companies in the world. Their core business deals with internet marketing and helping their customers build better virtual businesses. Their franchises are amongst the most successful that you can find online. WSI has been in business for 10 years, making them a highly regarded, long lasting company that you can rely on to be around for you and your franchise. As a WSI franchisee, you will get certified training and become skilled at effectively serve clients with their website marketing strategies. There is no merchandise or inventory to keep track ofall you will require is a computer and the internet to operate your franchise. WSI, headquartered in Toronto, Canada, is ranked as the #1 internet Services Business in the world and the 4th fastest-growing International Franchise. With systems that have

been developed, utilized and proven by over 1500 Internet Consultants in 87 countries worldwide, WSI delivers thousands of Franchise for sale opportunities to small- and medium-sized businesses annually. Visit www.wsicorporate.com for more information. Here are the top 10 reasons to select a franchise opportunity if you want to own your own business. 1. Track Record of Success. Any good franchise company has developed a method of doing business that works well and produces successful results. Even better, theyre required to provide you with a great deal of information in their required disclosures so you can investigate and verify the results with existing franchisees prior to making your final decision. 2. Strong Brand. One of the biggest advantages of franchising is that the company is building a brand on a regional or national basis that should have value in the eyes of customers youre trying to attract. 3. Training Programs. A good franchise company has training programs designed to bring you up to speed on the most successful methods to run the business. They should also have reference materials to assist you in dealing with whatever comes up while youre running your business. 4. Ongoing Operational Support. Franchise companies have staff dedicated to providing ongoing assistance to franchisees. Youre not alone when youre building and running your business, and you can always call on experienced people when you hit a rough spot or want to share new ideas for growing the business. 5. Marketing Assistance. The franchise company has marketing assistance to provide you with proven tools and strategies for attracting and retaining customers. Usually, the staff helps you develop the actual marketing plans and budgets for your grand opening as well as your ongoing efforts to market your business effectively. 6. Real Estate Assistance. Most franchises have manuals and other documentation, as well as staff, to help you find the right site and negotiate the best possible deal on your site. This is a very important advantage that can hold costs down and provide the best possible chance of success in any site-driven business. 7. Construction Assistance. Franchise companies can also provide a wonderful benefit in helping you design the layout of the business and select the right contractors to do your build out, as well as making sure you get the exact mix of furniture and equipment you need to maximize the efficiency of your initial investment. 8. Purchasing Power. A good franchise can take advantage of the buying power of the entire system to negotiate prices for everything you need at significantly lower levels than you could achieve as an independent operator. This applies not only to initial

furniture and equipment purchases, but also to the supplies, inventory, uniforms and everything else youll need on an ongoing basis. 9 & 10. Risk Avoidance. This one is so important that well call it both 9 and 10! The biggest reason to buy a franchise is that, if youre smart, it will help you avoid much of the risk of starting a new business. Make no mistakeyou have to do your due diligence, but if you do, you can determine with a fair amount of certainty what happen if you become a new franchisee. As you look at this list, it not only shows a number of reasons to think about getting a franchiseit also shows you just some of the major challenges youll face if you have to create all these things yourself in an independent business. You do have to pay fees in a franchise that you could avoid in an independent business, but its kind of like the guy in the Fram Oil Filter commercials who says, You can pay me now or you can pay me later. You can pay the franchisor the fees, or you can pay for many expensive mistakes by not learning the lessons of others that have gone before you. Using a franchise to meet your goal of starting a new business is a wonderful approach for most people, for all these reasons and many more. Jeff Elgin is the Buying a Franchise coach at Entrepreneur.com and has 25 years of experience in franchising, both as a franchisee and a senior franchise company executive. Hes currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best matches their needs. The franchise is the agreement or license between two legally independent partise whichi gives: aperson or group of people (franchisee) the right to market a product or service using the trademark or tradename of another business (franchisor) Franchising is not a business itself, but a way of doing business. It is essentially a marketing concept an innovative method of distributing goods and services. It is also an extremely successful and rapidly growing aspect of Australia's small business sector. Franchising is a business relationship in which the franchisor (the owner of the business providing the product or service) assigns to independent people (the franchisees) the right to market and distribute the franchisors goods or service, and to use the business name for a fixed period of time. The International Franchise Association defines franchising as a continuing relationship in which the franchisor provides a licensed privilege to do business, plus assistance in organising training, merchandising and management in return for a consideration from the franchisee. "Franchising" is used to describe a number of business models, the most commonly identified of which is business format franchising. But there are other models which are also dependent on franchise relationships. These include: 1. Manufacturer-Retailer Where the retailer as franchisee sells the franchisor's product directly to the public. (eg. New motor vehicle dealerships). 2. Manufacturer-Wholesaler Where the franchisee under license manufactures

and distributes the franchisor's product (eg. Soft drink bottling arrangements). 3. Wholesaler-Retailer Where the retailer as franchisee purchases products for retail sale from a franchisor wholesaler (frequently a cooperative of the franchisee retailers who have formed a wholesaling company through which they are contractually obliged to purchase. (eg. Hardware and automotive product stores). 4. Retailer-Retailer Where the franchisor markets a service, or a product, under a common name and standardised system, through a network of franchisees. This is the classic business format franchise. The first two categories above are often referred to as product and tradename franchises. These include arrangements in which franchisees are granted the right to distribute a manufacturer's product within a specified territory or at a specific location, generally with the use of the manufacturer's identifying name or trademark, in exchange for fees or royalties. The business format franchise, however, differs from product and tradename franchises through the use of a format, or a comprehensive system for the conduct of the business, including such elements as business planning, management system, location, appearance and image, and quality of goods. Standardisation, consistency and uniformity across all aspects are hallmarks of the business format franchise. Business format franchising is today the fastest-growing segment of franchising and has spread to virtually every sector of the economy in Australia. It has significantly more franchise systems, more outlets, more employees and more opportunities than product and tradename franchises. Business format franchising requires a unique relationship between the franchisor (the owner of the system) and the franchisee (the owner of the individual outlet), which is commonly referred to as a "commercial marriage". This ongoing business relationship includes the product, service and trademark, as well as the entire business concept itself from marketing strategy and plan, operational standards, systems and formats, to training, quality control and ongoing assistance, guidance and supervision. In short, it provides small business (the franchisee) with the tools of big business (provided by the franchisor). It is also a Win-Win relationship where the franchisor is able to expand its market presence without eroding its own capital, and the franchisee gains through access to established business systems, at lower risk, for their own commercial advantage. The "commercial marriage" between franchisor and franchisee is ultimately a legal relationship, with the full obligations and responsibilities of both parties outlined in a highly detailed franchise agreement. This commercial contract varies in length and conditions from one system to the next, such that it would be almost impossible for any two franchise systems to have identical agreements. By nature of the relationship, the franchise agreement will be imbalanced in favour of the franchisor, as the franchisor must at all times remain in control over certain standards critical to the ongoing success of the business format. Franchise l phng thc kinh doanh m theo , Bn nhng quyn (Franchisor,

doanh nghip sn xut hoc mua bn hoc dch v) cho php Bn nhn quyn (Franchisee, doanh nghip kinh doanh c lp) s dng nhn hiu hng ha, khu hiu kinh doanh v b quyt kinh doanh hoc quy trnh vn hnh h thng kinh doanh. Ngc li, Bn nhn quyn phi tr ph ban u, gm: ph nhng quyn (Franchise fee), ph lnh th (territorial fee) trong trng hp k hp ng qua Bn nhng quyn ca khu vc) v ph bn quyn (royalty fee) khi kinh doanh hoc cng c mt s h thng nhng quyn thu ph c nh tr mt ln trong thi gian nhng quyn. Bn nhng quyn s em li cho bn nhn quyn s dng nhn hiu. Nhng trong mt s trng hp, Bn nhn quyn vn phi chu s kim sot trong qu trnh kinh doanh di nhn hiu ng k.
Advantages Of The Franchise Business And Why They Are Considered Such Great Opportunities. The first advantage to business franchises is that you will have a rather high chance of success. This is because when you buy a franchise business, you will be buying an established concept that is already successful. It is a proven fact that as a franchisee, you will have a better success rate than people who choose to start of their own businesses. Apart from that, the kind of support you will receive when you invest in a franchise opportunity is invaluable. You won't just get help starting a franchise business. With the right group, you will be receiving continued support to ensure that your business does well. Plus, with a big name backing your business, you will also receive the best in marketing and benefit from their large scale marketing campaigns. Whether it's help with training, business know-how or just equipment, the kind of support you will get from investing in a business franchise can't be attained anywhere else. Picking up a franchise is also considered a great business opportunity because you will have the buying power of the parent company. Supplies can be bought in bulk and you will be saving a lot. Another advantage of being part of a franchise is having the franchisor's brand name. With a big brand name, you will have instant recognition and a large customer base to start off with. Due to all franchise advantages, it is considered extremely profitable especially when you sign up with a big franchise business. Unfortunately, with all the advantages there are a few disadvantages as well. Some of you may prefer to be your own boss and certain franchise business insists on running the entire show. In a sense, it can be their way or the highway which does cause a certain amount of frustration. The royalty costs for a franchise business can also be considered a disadvantage because they will be taking a cut out from your profit every month. And depending on your contract the franchisor may decide to charge additional fees for services such as advertising and so on. So before you sign your contract, check for any fine print on additional costs as it is one of the major disadvantages of buying a franchise Hot Franchise Opportunities

A franchise is a license to use a trademark in exchange for payment of fees or royalties and involves some material assistance from the trademark owner. The typical business franchise provides the franchisee with a complete operating system that includes all of the systems, techniques, practices and sometimes equipment that the franchisee needs to get up and running and continue running. Usually, the franchisor also provides a marketing program and other support services. Franchise businesses account for about one third of total retail sales in the United States, 10% of all fulltime businesses with employees, and franchises provide employment to over 7 million Americans. The average investment, before real estate expenses in over 75% of franchises, is less than $250,000. For this reason alone, franchises are appealing to many entrepreneurs. There are a few franchises that are new, up-and-coming and are hot in the franchise offerings right now. Health Career Agents provides healthcare providers with unique employment placement services through independent channels. The capital requirement needed to invest is $27,900. Right at Home is a company that offers in home care and assistance and is dedicated to improving the quality of life for its clients. The capital requirement to invest is $50,000 - $60,000. FranNet is the world's largest network of franchise consultants. Consultants at FranNet assist new franchisees with every step of setting up their own franchise business. The capital requirement needed to invest is $30,000. Altoids gum is being sold from designer candy machines. You can own these gum dispensers as a franchising opportunity. The capital requirement needed to invest is $16,000. Diet Center is advertising that it is ideal for the female entrepreneur population. They are a leader in the weight loss industry. The capital requirement to invest is $29,292 - $55,374. Mathnasium is a learning center that focuses purely on improving student's math skills. The capital requirement to invest is $41,000 - $65,200. Vendstar vending machine sells to individuals who are interested in business opportunities. The capital requirement needed to invest is $2,500 - $25,000 depending on how many machines you want to own and operate. Ace Hardware has been in business for over eight decades and is still on the hot list of franchise opportunities. The capital requirement needed to invest is $150,000. Protect Painters provides painting services to residential and light commercial customers. The capital requirement needed to invest is $38,000 - $44,250. Discount Boxes, Inc. supplies moving supplies and boxes to people who are moving. The capital requirement needed to invest is $15,000. Clix is a unique retail portrait and on-location digital photography event company. Capital requirement needed to invest is $237,000 - $298-000.

Ubuildit assists owner-builders to complete their self-managed new construction or significant remodel project. The capital requirement needed to invest is $100,000 $225,000. SmartBox is a portable storage company similar to PODS. The capital requirement needed to invest is $350,000 and you must own 5 units. 360 Degree Solutions LLC provides workshops, leadership training and offers business development consulting. The capital requirement needed to invest is $10,000 - $25,000. Of course there are franchise opportunities out there that will fit your skills, interests, passions and budget. Think of the success of McDonalds and Burger King and other restaurant franchises. If you're interested in becoming your own boss, and making money for yourself, then perhaps owning a franchise is for you. A franchise can present a great opportunity for business. A lucrative option for starting your own business is that of opening a franchise. For a set fee, you purchase the rights to offer specified goods or services, according to set guidelines, in a set location, for a specified timeframe. In purchasing franchise rights, you have bought a proven method for operating a business and that method has been tried and proven to be successful in certain markets and geographic locations. When purchasing franchise rights, you have to sign a contract to offer the specific goods or services, according to the contract specifications. McDonalds, Wendys, Burger King and KFC are widely recognized and popular franchises in the food industry. Franchises are not limited to the food industry. There are franchises available in almost every industry. Molly maid and Roto Rooter are only two of the many franchises available in the home repair and service industry. Franchises can also available in the car service industry. You can find every kind of franchise business from car washes and oil change businesses to gas stations and convenience stores. Because all of the groundwork is already done, and the methodologies are proven, Franchises are a great way to go into business. The formula is already verified to be successful, which means that if you follow the specific steps, and adhere to the agreement, youre bound to achieve the same level of success. A few things you have to know when you are considering the purchase of franchise rights include: How much money will you have to invest? The purchase the franchise rights can be expensive and you may need to get a loan.

 Are there monthly or annual franchise fees involved? Will you be granted exclusive territorial rights to the area? Will you receive support from the corporate office and, if so, how much? Research is a must if youre considering buying in to a franchise to start your business. There are many other things involved and that must be considered before you make your decision. While franchises can be great business opportunities, you have to do your homework in preparation. You should never go into a franchise deal without taking the proper precautions and finding an opportunity that gels with you and your personality. Derrick Kaldenbach is the webmaster and developer of Franchise Ins , a practical resource for Franchise information. For more information about buying, owning, and running a franchise, go to http://www.franchiseins.com/ Seven Secrets to Buying a Franchise There are great benefits to owning a franchise. You often can sell goods and services that have instant name recognition and can obtain training and ongoing support to help you succeed. But be cautious before you sign on the dotted line. 1. Know How Much You Can Invest - A franchisor may tell you how much you can afford to invest or that you can't afford to pass up this opportunity. Before beginning to explore investment options, consider the amount you feel comfortable investing and the maximum amount you can afford. 2. Know What Type of Business is Right for You - A franchisor may attempt to convince you that an opportunity is perfect for you. Only you can make that determination. Consider the industry that interests you before selecting a specific franchise system. Ask yourself the following questions: Have I considered working in that industry before? Can I see myself engaged in that line of work for the next twenty years? 3. Realistically Evaluate Your Own Background and Skills - If the industry does not appeal to you or you are not suited to work in that industry, do not allow a franchisor to convince you otherwise. Spend your time focusing on those industries that offer a more realistic opportunity. 4. Take the Time to Comparison Shop -- Talk to or visit several franchisors engaged in the type of industry that appeals to you. Get answers to the following questions: * How long has the franchisor been in business? * How many franchised outlets currently exist? * Where are they located? * How much is the initial franchise fee and any additional start-up costs? * Are there any continuing royalty payments? * How much? * What management, technical, and ongoing assistance does the franchisor offer? * What controls does the franchisor impose? 5. Get Substantiation for Any Earnings Representations -- Some franchisors may tell you how much you can earn if you invest in their franchise system or how current franchisees in their system are performing. Be careful. The FTC requires that

franchisors who make such claims provide you with written substantiation. Make sure you ask for and obtain written substantiation for any income projections, or income or profit claims. If the franchisor does not have the required substantiation, or refuses to provide it to you, consider its claims to be suspect. 6. Avoid High Pressure Sales Tactics -- You may be told that the franchisor's offering is limited, that there is only one territory left, or that this is a one-time reduced franchise sales price. Do not feel pressured to make any commitment. Legitimate franchisors expect you to comparison shop and to investigate their offering. A good deal today should be available tomorrow. 7. Study the Franchisor's Offering -- Do not sign any contract or make any payment until you have the opportunity to investigate the franchisor's offering thoroughly. The FTC's Franchise Rule requires the franchisor to provide you with a disclosure document containing important information about the franchise system. Study the disclosure document. Take time to speak with current and former franchisees about their experiences. Because investing in a franchise can entail a significant investment, you should have an attorney review the disclosure document and franchise contract and have an accountant review the company's financial disclosures. Franchise Opportunity and Franchise Opportunities Franchise opportunities are becoming more appealing to people who want to run their own business. People who have heard of a franchise opportunity usually find out about them through their friends and/or business classes. The people who are most interested in franchise opportunities are ones that know what chains are successful and which are going to make worthy investments. No one wants to put his or her money on a franchise opportunity that is going to go belly up in six months. If you are considering franchise opportunities, make sure you consult business owners who run them and how to be successful when doing it. Franchise opportunities might not come easily, but they don't have to be extremely difficult at the same time. Though it is very beneficial to have background and experience under your belt when it comes to a franchise opportunity, doesn't mean it is necessary. For example, if you are familiar with working at a popular fast food chain, you know the moneymaking abilities that can take place when you take hold of franchise opportunities. When you make a franchise opportunity a reality, the possibilities are endless and can make you more successful than you ever imagined. After all, you know what people like-the food, the taste, what makes the chain of restaurants so popular, and why people would want to come back for more. You would probably consider the chain you have experience from when working with franchise opportunities. Think about it, people in America love to eat. It is part of the American way and culture. People express themselves through fellowship and food. It is a great part of who we are, so to take this concept and run with it, would be to take a franchise opportunity and make it work. Maybe you live in a small town where restaurants are limited. Maybe you have a desire to see your favorite restaurant thrive in your little town, but no it won't be making any headway soon. Why not start your own restaurants through franchise opportunities instead of waiting for something that might not happen later down the road? Put your best foot forward and take a chance with a franchise opportunity. Talk with people who are in charge of their own franchises and see how they made the

franchise opportunities work for them. Ask them to be honest about the ups and downs of a franchise opportunity and what it all entails. Be sure to know that taking a franchise opportunity is not going to make you money overnight. Just like anything else, in order for franchise opportunities to blossom, it takes hard work, dedication, and perseverance. You may have a rough start, but if you include God in on your plan and allow Him to lead you in your franchise opportunity endeavors, you may start to see the fruit of your labor. Good luck with your franchise opportunities! More About Franchise

Many people have been considering owning and managing their own business. Getting into business is their way of achieving their financial goals and needs. Some are also considering getting into the franchising field. What is franchising? It is the method of entering a franchise agreement wherein two parties agree to do business with contractual provisions. The setting would be, one party has an idea of the business while the second party will do the business of the other party and pay for its name and reputation. Many prefer franchising than setting up their own name. That is because they do benefit from it. One benefit it provides is the speed of expansion that one may get once he has entered the franchising world. There is already a brand image since the company will have one common system that will be followed. Franchisees may also enjoy from discounts on the supplies and raw materials needed in operating the business. Franchise networks buy in bulk, which makes more room for greater discounts among franchisees. Therefore, if the supplies and raw material are cheaper it will be easier to compete with other establishments. There is also a greater opportunity for a higher profit. The return of investment is higher since the return of revenue will be lower. This means that the percentage of pure profit is higher. Franchisees that are within the network are able to offer knowledge that has been learned based on their experiences in the field. This is a knowledge that is not learned in business schools. Getting connected with experienced franchisees can also help in expanding the business overseas where there are greater opportunities. Here are some tips to consider when getting into the franchising business. 1. Franchising as a business is a different kind of business opportunity. It is only recommended that a person ask questions first before entering franchising. It is also advised to attend workshops and seminars before entering it. The person should gather enough information regarding the business he would like to franchise.

2. Seek some advice. When in workshops and seminars, the person should grab the opportunity to seek advice from those who have enough experience with franchising. Seminars are a good way to connect with many franchisees and they can help a lot in giving advices that is based on their experiences. 3. A person that is considering the franchise business should also beware of scams. People who enter this field should be aware of the pitfalls and challenges that may be encountered in the process. There may be many offers for franchise once they have learned that the person is interested in it. However, he should be careful enough in choosing which business to franchise. A research on the stabilty of a certain company is recommended. He can also try a background check of the person offering the deal. 4. The person should be able to learn lessons from past decisions made in this field. Lessons learned might not be from him but from others who have encountered wrong decisions. One major lesson that has been learned by franchisees is that big companies and brand names offer limited and flexible negotiations in the franchise system. When entering into the franchise business, there will be a lot of opportunities for greater profit. However, one should also be prepared on the challenges that may be encountered. It is important that one is dedicated and prepared in order for the franchise business to be successful.