Franchising may be your alternative to starting a business from scratch.
Dear Fred and Lyna:
For the past 20 years I have worked as an account executive for a major soft drink company, and frankly., I am sick of it. I have been looking into owning my own business and have run across several franchise opportunities. Do you think a franchise is the way to go-or should I start out on my own from scratch?
Fred: In our last blog we looked at the importance of evaluating weather you have the characteristics of an entrepreneur. Now we'll answer the writer's question about franchising vs. starting your own business.
Lyna: Lets take 2 people we know who started similar businesses. Brad opened a Deli franchise in Ohio, and Doug started his own deli business in Virginia. They are both happy in their choice; as well as successful.
Fred: One of the things we hear from clients we coach is that they dont like the idea of being so structured that they cant utilize their own ideas. Yet Brad found a franchise where the parent company is flexible enough to let him try new things. Brad feels like he's part of a big family. Although there are things he cannot do per his contract; he also has a lot of support from them.
Lyna: Doug steered clear from Franchises because he doesn't want to be restricted and he wants to have the final say in all aspects of his business, from creating the logo to having fun, funky promotions. And he had money set aside to open up his business; so he didn't have to look for funding.
Fred: That's another plus for franchising- most banks have no problem giving loans out for a business that already has a proven track record. And the business can open pretty quickly.
Lyna: Although it took time for Doug to build a customer base; he felt he had a larger population to work with. He realized that although Franchises have a proven brand and consistency that can bring in customers from day one, at the same time this kept away those people that didn't care for their products.
Fred: And Doug doesn't have monthly royalty fees to pay out. On the other hand, the best franchises- such as the one Brad is with- offer continued training and support. They realize the more successful the stores are; the more money the company makes.
Lyna: So the bottom line is that Brad works well owning a franchise because he was able to get his business up and running quickly and smoothly with the proven franchise brand. He received a loan with little effort and has the support and expertise of a successful team to help him succeed.
Fred: Doug, on the other hand, would have felt stifled and frustrated as a Franchisee. What makes him thrive is the freedom to make his own decisions. He is a great networker and builds alliances with other businesses in the community.
Lyna: So should you buy a Franchise or start from Scratch? The really is; Fred: If you are considering buying a Franchise, we recommend you do some research, ask a lot of questions and talk to franchisees of the companies you are looking at.
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According to Work At Home Success Online at least three million people lose their money in work from home scams each year. This is an unbelievable number of people when you think of all that they could have done to avoid it. Everyone wants to work for themselves, especially out of the comfort of their own home. Half of the population never gathers up the courage to even try, and for those that do try, it is important that they succeed.
We live in a world where almost everyone is out for his or her own. This makes it hard to know who to trust and hard to know the right path to follow when working from home. This article is going to explain some common mistakes people make that get them involved in scams as well as how to avoid making those mistakes!
There are three very common mistakes that people make when falling into work at home scams. The first of these mistakes is a simple lack of knowledge. Too many people dive right in to working from home without researching what it will take and what expectations they should have. There are many resources online and at local libraries to educate yourself about working from home before you even begin.
The second mistake has a lot to do with keywords and what you will actually be doing. Working from home means just that, you will be working. You will have to learn early on that there are not any jobs that will pay you for doing nothing. You will be the one paying them, and that is always a scam. You will need to learn the words to look for such as telecommuting, which is legitimate.
The third mistake people make is falling for the propaganda of the scam. A lot of people let their emotions take over in these situations. They get excited about how perfect the opportunity is and never think it through. The easy answer for this is to think before you act. Use common sense before making any decision. It sounds easier said than done, but it is possible.
Now that you are familiar with the mistakes you should learn the very important things to watch out for when working from home. Quite simply there are certain jobs that are always a scam. Look out for these and don't fall victim to them. Job descriptions such as, data entry, typing, envelope stuffing, email processing, or payment processing are scams! If any job advertisement asks you to pay them in order for you to make money, it is definitely a scam! Respectable employers will not make you pay them they will pay you!
Lastly some scams take it to the next level and will try to cheat you out of thousands of dollars. This is done by asking for your bank account information. Never give this information out! It seems like its common sense, but many people get swept up in the moment of opportunity and think it's a good idea! Remember when you begin to work at home to give yourself time to learn and understand everything that is available.
Use common sense always; never net your emotions take control. Be alert for key words and certain job descriptions and make sure you understand all of the details before giving out any information if at all! A truly legitimate work at home opportunity will not get you rich tomorrow. It will take time and patience on your part, but it will be worth it in the end. Staying away from scams will be your key to an honest future!
Both Fred Hueston & David Ogden are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
David Ogden has sinced written about articles on various topics from Home Based Business, Affiliate Programs and Work From Home. David Ogden is an established online marketer who specializes in practical website resources and advice that have helped many people like you start their very own home based business. He can help you launch your very own money making website today, ready. David Ogden's top article generates over 74000 views. Bookmark David Ogden to your Favourites.
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