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Do it Now!
There is nothing more precious than time. Not money, nor love. Without time, the others don't exist. Knowing that, how do we spend our time? Do we recognize its unstoppable passage and make the most of each valuable moment? Some do. Most of us,...
Encouraging Behavior That Gets Results
You’re the boss, and you have every reason to feel good about your organization. You’ve built a great team. You’ve put strong players in every spot. You have clearly defined procedures for every part of the business. You have incentive,...
Network Marketing ( Opportunity or Scam )
According to a new survey carried out by Alliance & where ID_NUM=9270; Leicester, one in five small business owners view tax as their greatest concern. The Chancellor has announced in his last budget that companies with profits below œ10,000...
The Miracle of Forex
My father, who owns a small parts store and garage for vintage British sports cars, called me up recently and droned on and on about how he is getting killed by the Euro. Confused as to how the Euro could possibly be affecting his small and...
Writing Effectively Part 2
Copyright 2004 by http://www.organicgreens.us and Loring Windblad. This article may be freely copied and used on other web sites only if it is copied complete with all links and text intact and unchanged except for minor improvements such as...
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Franchise Models For Less
I read an article from the Seattle Times this week about a Quiznos franchise that struggled for several weeks just to stay afloat after the owners disappeared. The manager and three employees stayed on with no pay in an attempt to salvage this sinking ship. Things got really bad when food vendors would no longer deliver on credit so the loyal employees were forced to pick up supplies, such as deli meat, from the local grocery store. See Article Here
Stories like this are not typical of franchise models, but, of course, nothing is completely flawless. Franchises are the hottest business model today because they provide a proven system and product that tend to produce very high rates of success. The downside typically comes from the high start-up fees. A typical brick and mortar franchise can run between $430,000 and $750,000 with the majority going to pay for the building, equipment, and supplies. Forty percent of this cost has to come from your own (non-borrowed) funds.
Not all franchises today are
brick and mortar businesses, however. In fact, there are many service franchises that can be run from your home. Entrepreneur Magazine has released it’s spring title of “Be Your Own Boss: 231 Low-Cost Businesses You Can Start Today!” It’s packed with several franchises options that range from $2,200 to $50,000 in startup costs and require small ongoing royalty fees that average under 10%. A great web site for additional information on franchise options is www.franchise.com
If these start-up costs are still a little high, consider starting your own service business. There are several great ideas Dan gives in his audio Turning Your Passions into Profits. Also, stay tuned for “Business Ideas You Can Bootstrap For Under $500!” an e-book that will be available to all of our subscribers for FREE in a couple of weeks.
About the Author
Jonathan R Taylor is the author of The Coach's Career Tips and Resources. He helps his clients Love Their Work! You can subscribe at www.careercalling.com/subscribe.htm.
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