Franchise ArticleCategories: Buying a FranchiseFood Franchising Your Business Franchisor Related General Advice Retail Services UK Franchise Articles UK Franchise Press Releases Uncategorized Archives: October, 2008September, 2008 August, 2008 July, 2008 June, 2008 May, 2008 April, 2008 March, 2008 February, 2008 January, 2008 December, 2007 November, 2007 October, 2007 August, 2007 Need Extra Cash? A Low Cost Business Franchise May Be For YouWe have all been in the situation where things have been a little uncomfortable financially at one point or another. An unexpected bill, a home or automotive repair need that wasn’t in the budget, or perhaps just a desire to have a little bit more discretionary income for our day-to-day life. If you find yourself in that position and are in a career that doesn’t seem to allow for extra cash flow, then perhaps you should consider owning your own small business franchise.
Franchises are a great way to manage a part-time business on the side and generate that additional income that you desire. The drawback to starting your own business can be the huge investment of both time and money that it takes to get the ball rolling. However, a low cost franchise opportunity may surprise you with the ease of time and finance that it truly takes to run your own business. There are several businesses that can be run from your home at a surprisingly low initial cost. Some franchises can generate income almost instantly and provide that consistent cash flow that you have been looking for. Take Maid 2 Clean for example. This business is a home service franchise that provides domestic cleaning and ironing services in your customer’s residence. It requires a small initial investment of only £8,246 and provides a rapid return on that investment by giving you a very high customer retention rate (over 90% of customers become repeat customers). Maid 2 Clean offers training, support, and third party financing options. Clients pay in advance with Maid 2 Clean so you won’t run into cash flow problems either. There is an available call centre facility and this franchise can be run from your own home. Along the same vein is The Cleaning Company. Rather than providing residential cleaning, however, The Cleaning Company is a franchise opportunity that caters to commercial customers, corporations, hotels, financial institutions, and light industrial factories. As an owner of a Cleaning Company franchise you would provide facilities management for these and other types of businesses. This low cost franchise launches ten new franchises each year, they provide intensive initial training, a step-by-step plan, several financing programmes, and require a minimum investment of only £5,000-£25,000 For the franchise owner who wants to stay out of the services market there are also some low cost franchises that specialize in business networking practices. Many businessmen and women understand that “doing business” can seem much more mechanical than it actually is. Those who are in marketing and sales know that you can never underestimate the importance of people skills, networking connections, and business contacts and relationships. That’s the type of service that the Business Referral Exchange Franchise provides their clients with. Business referral exchange provides their networks of businesses and providers with opportunities to meet face to face and connect, usually at breakfast time. Currently they have nine regional partners who look after over 2000 business members within their groups. If you have an outgoing personality that allows you to meet new people and develop leadership and team building skills, organizational skills, and the ability to get up and out in the mornings then you might be interested in this demanding yet profitable small business franchise opportunity. For the franchiser who is looking for something that is more bound to home there are several internet based franchise opportunities that are also low cost. Internet franchises often fall under the category of low cost franchises because they require very little start up cost, and there is no inventory, no office space, no retail location, and no staff to manage. If this appeals to you then you should consider an internet franchise such as ORCA websites. ORCA websites creates and operates custom built websites for small to medium sized businesses. As an ORCA franchise owner you are not responsible for web design or IT maintenance on the websites but rather marketing the website design to small and medium sized businesses in your area that need website content. ORCA delivers a protected territory for you franchise, constant demand for your services, uncapped income potential, and ongoing training from a business mentor. ORCA franchises can be purchased for a minimum investment of £10,950+VAT For the more technological savvy internet franchiser there is Computer Troubleshooters UK. This franchise opportunity allows its purchaser the outstanding brand name recognition of a large company while providing all the freedoms of owning your own small home-based franchise. For £10,000+VAT you become the owner of this technological service providing your clients with hardware troubleshooting and repair, internet and email setup and assistance, networking, virus protection, website development, internet security, and much more. While it will benefit you to have a rudimentary understanding of computers and their systems, Computer Troubleshooters UK does provide extensive initial training. The initial training is also coupled with ongoing training and support so that you never have to feel like you are all alone. Businesses owners understand that success in marketing and name can be achieved even though each franchise is independently owned and operated. In many cases the passion and personal attention a franchise owner puts into his or her franchise makes it so much more successful and pleasant for the customer. Maybe so more than if the business was corporately managed as a large corporation. The result of this is the perfect opportunity for you, the business(wo)man, who is interested in generating an additional income source and adding a low cost business franchise to your career.
|