Wednesday, February 20, 2008
Alternatives to Owning a Franchise By James Reilly
Owning a franchise can be an endeavor that is only taken on by a few because there are so many responsibilities that has to be considered. On the one hand the franchise owner is responsible for all aspects of the business franchise, which could be considered a good thing, but on the other hand he is also responsible for personally financing the whole franchise business in the first place. There is definitely no way around the personal and financial commitments that a franchise owner must make. To a lot of people all of this hard work just does not pay off in the end! For this reason there are plenty of folks who actually decide not to own a franchise in the end, but they rely on another technique to acquire the franchise that they want:
The Franchise Partnership
As mentioned, owning a franchise takes a great deal of financial equity and responsibility. This is something that many people are ill-equipped to handle even though they may want to own the franchi! se all they want! On the other hand, a franchise partnership may be just the option that they are looking for. As in any partnership, a franchise partnership relies on both people being involved in the business. One party makes half of the financial commitment while the other party makes the other half. Of course there could be various other business agreements as well, such as one party may make the sole financial commitment to purchasing the franchise in exchange for the majority of the profits for a time.
Franchise partnerships can be a great way to getting around owning a whole franchise by yourself and it definitely allows one to have greater freedom and relaxation in the things that are done. For example, instead of having to hire everyone by yourself in order to run the franchise then your partner will be equally as responsible for helping to hire managers, assistant managers, and other employees.
On the flip side, though, as quickly as a franchise ! partnership is made it can also be destroyed. If you have ever! heard t he saying that it only takes "one bad apple to spoil the batch" then this is definitely true here. Even though one person of the franchise partnership may be in the business for real and conduct him or her self in an honest way, there are plenty of other individuals who may just be interested in making a quick buck and then pulling out! This can be especially disconcerting if the person who ends up negating the contract was the one to have the least amount of financial obligations toward the franchise business.
All things considered, though, franchise businesses are a perfect opportunity for anyone who doesn't want to own a whole business by himself. These opportunities provide an excellent way for two or more people to be involved so that the responsibilities and obligations, financial or otherwise, don't all rest on one pair of shoulders or in one single back account!
Source: http://www.articlebiz.com/article/132558-1-alternatives-to-owning-a-franchise/
About Home Based Business
The Franchise Partnership
As mentioned, owning a franchise takes a great deal of financial equity and responsibility. This is something that many people are ill-equipped to handle even though they may want to own the franchi! se all they want! On the other hand, a franchise partnership may be just the option that they are looking for. As in any partnership, a franchise partnership relies on both people being involved in the business. One party makes half of the financial commitment while the other party makes the other half. Of course there could be various other business agreements as well, such as one party may make the sole financial commitment to purchasing the franchise in exchange for the majority of the profits for a time.
Franchise partnerships can be a great way to getting around owning a whole franchise by yourself and it definitely allows one to have greater freedom and relaxation in the things that are done. For example, instead of having to hire everyone by yourself in order to run the franchise then your partner will be equally as responsible for helping to hire managers, assistant managers, and other employees.
On the flip side, though, as quickly as a franchise ! partnership is made it can also be destroyed. If you have ever! heard t he saying that it only takes "one bad apple to spoil the batch" then this is definitely true here. Even though one person of the franchise partnership may be in the business for real and conduct him or her self in an honest way, there are plenty of other individuals who may just be interested in making a quick buck and then pulling out! This can be especially disconcerting if the person who ends up negating the contract was the one to have the least amount of financial obligations toward the franchise business.
All things considered, though, franchise businesses are a perfect opportunity for anyone who doesn't want to own a whole business by himself. These opportunities provide an excellent way for two or more people to be involved so that the responsibilities and obligations, financial or otherwise, don't all rest on one pair of shoulders or in one single back account!
http://www.wig! htbay.info is a new site, designed with homeworkers in mind Visit for some awesome offers and downloads
http://www.wightbay.info is a new site, designed with homeworkers in mind Visit for some awesome offers and downloads
Source: http://www.articlebiz.com/article/132558-1-alternatives-to-owning-a-franchise/
About Home Based Business
# posted by Kek @ 4:31 PM 
Comments:
<< Home
Nice post. I'll have to keep this in mind, because I plan on running my own business soon. I've normally thought about starting a business from scratch, but lately I've been thinking about buying one instead. I'm not sure what kind I would want to do. Does anyone have any suggestions? Advice? Thanks.
@Rebecca -- If you plan on buying a business, make sure to do your due diligence! It is especially so in times like these. That being said, there are sites where you can gauge what's available in your area. There's one called BizTrader.com, which is this online global marketplace where you can buy or sell a business. You can also use it to find a lender, broker, or buy a franchise. I also suggest looking into your local small business groups. They should have a good idea on what's going on in your neighborhood.
Good luck!
Post a Comment
Good luck!
Subscribe to Post Comments [Atom]
<< Home
Subscribe to Posts [Atom]