Is a Franchise Business Your Opportunity

A lot of people desire to be their own boss. One way to do that is through a franchise. In this article we will discuss the pros and cons of investing in a franchise opportunity, to help you determine whether or not franchise opportunities are for you. After reading this article, you should walk away with a better understanding of how franchise opportunities apply to your situation.

If you’re going to be successful running a business, you must be good at being self-employed. Typically people that thrive on being their own boss are those who are willing to take the initiative, are not afraid of failure or risk, and are willing to put in the necessary amount of time to get their efforts off the ground and running. They do not get bogged down by details, and are able to see the big picture. Does this sound like you? If so, you’re the perfect candidate for being self-employed.

Now the choice is whether or not to create your own business from scratch, or to take your money and invest in a franchise opportunity. The main difference between a business and franchise opportunity is your rights and what you can do in the business. If you want create your own business, you have to create your own business model system, and brand awareness in the marketplace. But you also get to dictate who you buy supplies from, what hours you operate in, where you can locate at and how you can advertise.

Compare that to a franchise. While you don’t have as much flexibility or creative input, you do get a workable, proven business model, oftentimes you enjoy brand identity awareness in the marketplace, and you can spend more of your efforts in making sure things are running smoothly, and working on the day-to-day business affairs. Franchises present the best opportunities to generate passive income without your day-to-day presence at the business.

Are you ready to be an entrepreneur? It takes a lot of self-determination and want to really work for yourself. I’d say at least 75% of people in business today are not cut out to be entrepreneurs. If you have that burning desire to own a franchise or your own business, then a franchise could be what you have been looking for. Take time to sit down to assess and plan your skills, finances, and goals to see if you are ready to take the leap to self-employment. Always consult a financial planner and attorney before making any decision that will impact your financial future for a long time.

Tri Tax Franchise Founder Carlos Marquez says “One key to a good fit is that the person investing in the franchise needs to have similar objectives as the franchise company. “I’ve learned that personal goals drive business goals, so it’s very important for us that someone interested in joining Tri Tax has clear goals. We educate an individual on what a franchise is. This isn’t a get-rich-scheme, but a systematic way of running a business, and it takes a particular type of person to follow the system.”

So what it all comes down to is knowing what you want out of the business, and knowing what skills are required to run a business successfully. Also, it involves knowing how to analyze franchise opportunities to find the winner that suit your personality best. If you can do that, and follow the advice given above as it relates to franchises, maybe franchise opportunity is the perfect thing for you.

Looking For a Part Time Business Consider a Tax Franchise

There are many franchise opportunities for people who would like to work part time or on a seasonal basis. They range from consulting franchises to income tax franchises.

Many people can not afford the luxury of a full time business or employment. Rather then seeking a part time job, they would rather be in control of their lives. The problem with most businesses is that they are only profitable if run full time.

This begs the question what are the characteristics of a part time franchise business? The answer is that a part time franchise needs to have a blend of the following ingredients:

1) Low overheads2) Flexible working hours3) No need for large or year round premises 4) Few if any employees5) Minimal requirements in terms of equipment6) No stock or minimal stock requirements

So what types of franchises are suitable for people who would like to work part time or on a seasonal basis and would like to be their own boss? After spending time researching the market, You find that these niches that can satisfy the above requirements:

1) Business cost management – a franchisee is trained to visit companies and analyse areas where cost savings can easily be made. The franchisee makes a percentage of the savings. Many companies are so busy running their companies that they overlook many areas that, with a little effort, could save a lot of money.

2) Financial Solutions – This franchise opportunity arises because people simply don’t have the time to analyse all the options available. The franchisee arranges loans, mortgages & pensions for people by analysing what’s available on the marketplace and producing a report with a quick comparison.

3) Car Valet – a franchisee – well equipped – with a van, powerful cleaning equipment and the right chemicals can easily clean 6 cars per hour. It doesn’t take a genius to realise that a healthy income can be made by doing work professionally that other people don’t want to do!

4) Vending franchises – With this business opportunity, the franchisee has to persuade businesses with healthy foot flow to keep a vending machine on their site. The profits are then split equally between the supplier, franchisee and the site provider.

5) Childcare franchises – They do what they say in the title! Many people are caught trying to take care of their children who happen to finish school a couple of hours before they finish work!

6) Tax franchises – Unknown to most prospective business owners, the tax return industry is booming! For the past several years, the tax preparation industry has grown significantly. As such, investing in the tax industry can be very lucrative.

In a recent interview with Tri Tax founder Mr Carlos Marquez he reminded us of that old Benjamin Franklin saying about death and taxes, which is why tax industry always makes sense. Many taxpayers now have to deal with the tax consequences of losing their home, losing money in stocks, or cashing out retirement accounts. Add to that all of the recent changes to the tax laws, and you can see why tax preparers are needed now, says Marquez.

I have named only a few opportunities, but in reality they are many and varied. Other options include therapy, cleaning and food delivery franchises.

Please remember to take financial and legal advice before committing to any new business opportunity.