Starting up a Low Cost Franchise
In this economic climate, many people are thinking more carefully about the cash they use and try to make savings where possible. In spite of this, many still desire to take a look at a change in career path or have redundancy capital at hand and want to launch a new endeavor. A franchise business can represent just such an opportunity but how does one go about discovering a franchise that’s affordable.
You will find many franchises available and the obvious response is of course what is ‘affordable’ is dependent entirely on the total amount of investment or funding you have available to invest. With this in mind, it’s recommended to visit the franchise department of one of the high street financial institutions to determine what funding is likely to be available to you. Be sure to have details of any current savings or any liquid capital that you already have, as well as particulars of any assets you might have available to use as security for supplementary funding if necessary.
Franchise businesses can range greatly from as little as a couple of thousand pounds up to many thousands for some top end retail styles of franchise opportunities.
Researching Affordable Franchise businesses
A lot of the more affordable franchises, when it comes to a low investment level, are typically home based franchises. This really is notably because of the fact they don’t require business premises lease or hire that saves significantly on running costs. What’s more, a good number of these franchise opportunities want lower than £10,000 startup fee to get going with a few as little as £5.000. For a variety of low priced options you could potentially start by browsing the low priced franchises section or work at home franchises section of some of the internet franchise directories.
It ought to be noted that although a low initial risk might seem an attractive option it may also be a restrictive thing. Well established and popular franchise opportunities, may command a bigger investment partly as a result of extra attractiveness their brand name appears to potential shoppers. It is also best to start with the end in mind, so be sure to consider what you desire to achieve financially and assess any franchise business you think about in its potential to help you accomplish your objective.
About the Author
Nick Strong is MD of Select Your Franchise and a leading Franchise Expert in the UK Franchise Market. Visit our low cost franchises section for more information on affordable franchise opportunities. You can also visit our franchise blog for the latest franchise news and information.
WSI Vice President of Marketing Elizabeth Monaghan, Always Available to Talk to Perspective Franchise Purchasers
-Elizabeth Monaghan wants to talk to anyone looking for franchise advice, and help them to decide if WSI, the Number One Internet Franchise is right for them-
For Immediate Release
November 29, 2010â• ¦â• ¦WSI Vice President of Marketing Elizabeth Monaghan, wishes to extend warm greeting to everyone during the Christmas Season, and hopes to hear back from anyone shopping for tips related to WSI.
‘This is a most wonderful time of year where we all assemble to be with family members and loved ones. WSI is not only the most revered internet business in the world, but it is also the most family focused. We realize that a productive business enterprise must not only value the household unit and these exceptional times but also grasp it, which is something WSI does’, said Elizabeth.’ We want you to be a prosperous franchisee but not through reducing family time. As everyone knows, the family unit is the backbone of the effective person’.
WSI has been ranked the #1 Internet Services Franchise in Entrepreneur Magazine’s Franchise 500 listing for 10 years in a row. It has over 1,000 franchisees in more than 80 countries and is engaged in many non-profit acts. With the support and synergy of its customers, franchise network, employees, suppliers and charitable organizations, WSI aims to help make child poverty history through its global outreach program.
‘WSI is a franchise that knows with achievements comes great responsibility. As we travel around the world we realize how lucky we are as an business. This is why we must do something with our financial achievement and give back to our world neighborhood to those who need it the most, like our children,’ explained Elizabeth.
Knowing that in business, it is all about trust, the WSI franchise is very cost-effective (less than $50,000 to buy a franchise including $10,000 in training), but it is advised the candidate have at least $100,000 of ready capital before launching themselves in this venture.
Said Elizabeth, ‘We are first and foremost here for candidates who want to set up their own enterprise in the area of digital marketing, but who don’t want to start alone. The advantage is WSI can bring to the table a brand, tools, methodology, references, partners, network of colleagues, training, and the operational support to permit new franchisees to start their business development. Simply put, we want to make sure we are a mutual fit, for the person looking to join our family.’
For further information about WSI and the chance to become a franchisee please call Elizabeth Monaghan at 416-418-8751 or at emonaghan@wsicorporate.com
WSI has the world’s largest Internet Marketing Consultants’ network and a powerful head office in Toronto, Canada. WSI Internet Marketing Consultants have made it simpler for thousands of small and medium-sized businesses realize their online marketing possibilities. By using innovative Internet technologies and advanced internet marketing strategies, businesses can have a WSI Internet Marketing System designed to their personal needs to boost their Internet existence and productivity to new levels. In 2009, WSI was the proud receiver of 5 Standard of Excellence Awards at the Annual WebAwards Competition organized by the Web Marketing Association (WMA).
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About the Author
WSI Corporate Media Buyer
mdurkin@wsicorporate.com
9053641222
Fit Your Exit into Your Business Plan
When you start-up a business, you are usually so excited about getting the venture off the ground and working out the profit margins; that you really don’t stop to think about the long-term benefit of the business you have chosen.
Through normal business planning, you would also ordinarily only plan for the first three years of business. And in most cases…this as far as any start-up entrepreneur can even hope to think. Now, consider the consequences if you didn’t take that extra step and build in a longer-term view of a future “sellable” value of your business:
Years of Work and Nothing to Show for It
It’s hard work starting up and running a business, let alone growing it if it is really successful in its first three years. Press ‘Fast Forward’ to 20 years from now: you are tired (even possibly bored) and your priorities have changed in life. You are really seeking that alternative lifestyle that affords you a better balance of work and play. For the last five years, you have been under the impression that your business is highly attractive to a buyer and that it will definitely provide the return you are looking for so you can move on to your next step in life. What happens when you find out that you should have done A, B & C years ago – and now the business is really only worth a fraction of what you were hoping it was? (Silent shrieks heard.)
Financial Stress & Burden of Working Longer
The general pattern at the moment (especially in the UK) is that business owners who are getting to retirement age have to keep going another five to six years before they can even dream of retiring. Why? Because when they finally decide they want to retire – they are under the impression that their business will sell in about six months, and that they will get what they think they deserve in the sale value. Unfortunately, the reality says that is not going to happen!
I could write on and on about this subject, it really does break my heart when I see how hard small business owners work and even more so when they don’t take some time out of the hamster’s wheel to assess their position and their future position. You can’t decide at 64 ½ that you want to retire or move on at 65, you really have to have thought about it at least 5 to 10 years before. It takes an average of 2 years to sell your business – from start to finish.
About the Author
Get Shelley’s FREE report that outlines ‘The 7 Critical Realities You Need to Know Before You Buy a Franchise’ by clicking here and going to ‘Want to Start a Business’, or
Get your copy of her e-book ‘Buying a Franchise: A Route to Entrepreneurship’ by clicking here.
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