March 2008 Archived Franchise Articles

At some point during the researching and preparation that goes into deciding whether or not a franchise business is the right decision for you, the question needs to be asked: what does running a franchise actually look like? While you may be able to find the right franchise information, the right cost, the right financing options, and feel great about your decision to become one of the thousands of people every day who decide to go into business for yourself, there will still be that uncertainty of what your first day, week, and year of running a franchise will actually look like. This is why Rosemary Conley franchise recruitment manager Rose Franses was asked to explain the details of what a day in the life of a Rosemary Conley Franchisee is actually like.
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What is a Franchise?
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Do you ever think that your particular business has become too successful? Of course not, anyone who is successful in business desires nothing less than success out of their business. But there are times when the business of doing business becomes overwhelming because the demand for services and products has exceeded the ability of a local business to provide for an ever-growing customer base. Perhaps it’s time to consider franchising. Franchising your business is a great way to continue in the success and growth of your particular business beyond your personal capability to oversee and run that business. If you have people asking if your business is for sale, or if you provide franchise opportunities, then it’s definately time to consider whether or not franchising is the right move for your business. If so, here are the steps that are necessary to make sure that you franchise in the right way.
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TaxAssist Accountants is proud to announce that 8 of its established franchises have recently signed 10 year franchise agreement renewal contracts. This level of commitment from the franchisees demonstrates their continuing belief in the TaxAssist Accountants support structure, business model and brand name and the considerable benefits of joining and staying with the TaxAssist Accountants network.
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For many people who want to be in business for themselves it is not the pressure of running their own small business or business franchise that keeps them from taking the next step. It’s the cost of purchasing that business or franchise, and then maintaining the initial investments required to run a business before profits overtake the cost. Typical trends in small business indicate that the first two years of a small business can be the hardest, and sometimes it takes until the third year of a new business to realize the profits that truly make being in business worth it. That time period between starting a new business and realization of profits can be greatly reduced by considering buying into a franchise.
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Being in business for yourself is an incredible opportunity. It is a chance to be your own boss, to spend more time doing the things you love, to increase your income and earning potential, and to escape from the corporate “rat race” where you have to do whatever someone tells you to do. There are a few common pitfalls that first time business owners typically don’t see coming. These are the 7 common mistakes business owners make when starting a new business or franchise.
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