Franchising

When one thinks of a franchise business, no doubt the most successful fast food chains come to mind, like McDonald's and Burger King. But did you know that these franchises take at least one million dollars just to open one? And it's not enough to have one million dollars to get the restaurant open, but the franchiser must also have excess money at his/her disposal to ensure six months of payroll and rent before they can get the approval to purchase the franchise.

It is important to know that there are a wide variety of franchise businesses that exist in many different industries. You may assume that the startup costs for these franchises are equally as steep as the McDonald's and Burger King's, however most opportunities can be had for considerably less money than you would imagine.

If you're considering opening a franchise, it is the franchisee's responsibility to find the location for doing business and present it to the franchiser, along with a business success plan. Not many McDonald's or Burger Kings are unsuccessful, and the main reason for that is because the parent corporations have a strong commitment to the success of their franchisers.

If you are a person who wants to own your own business, a franchise opportunity can make a great deal of sense. Since the franchisee does a lot of the legwork and research to ensure the success of the franchiser, and since the franchisee provides advertising and a success plan, the chances of you - the franchiser - succeeding are improved greatly.

Some of the fastest growing franchise industries, other than fast food restaurants, are pest control, home services, lawn care, interior decorating, window cleaning, and pet care. Pet care has been one of the fastest growing areas within the franchise community, with franchises available in pet grooming, pet supplies and pet kenneling. Home services such as gardening, maintenance and cleaning are also great franchise opportunities.

Remember, the franchisee does not make any money unless you are successful with the franchise. They have every intention of giving you what you need to be successful, so they, in turn, can make money as well. Furthermore, franchisees have a model that is proven and well developed. Follow the franchisee's model and work hard to develop your client base.

The franchising sector is full of opportunities, but you must show the initiative to find the right industry that suits your interests and skills. Get in touch with a franchise manager or franchise broker, who will connect you to a franchise opportunity that meets your budget, your skills and your lifestyle. With the support of a reputable franchisee, you will be on your way to running a successful franchise and becoming a successful business owner.