Denver Part time Franchise Opportunities

There are many Denver franchise opportunities for people who would like to work part time. They range from consulting franchises to childcare businesses.

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 Denver franchise business? The answer is that a part time franchise needs to have a blend of the following ingredients:

1) Low overheads

2) Flexible working hours

3) No need for large premises

4) Few if any employees

5) Minimal requirements in terms of equipment

6) No stock or minimal stock requirements

So what types of Denver franchises are suitable for people who have maybe 20 hours a week to spare and would like to be their own boss? After spending time researching the market, I have found 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!

I have named only a few franchise opportunities, but in reality they are many and varied. Other options include therapy, cleaning and food delivery franchises, and pet care franchises. Just like anything, a franchise will take time and devotion to achieve success. Whether you purchase a part time or full time franchise, if you are committed - you will succeed!

7 Huge Advantages to Franchising

Franchises seem to be a one of the quickest ways to set up your own business without having to form your own business plan and start from scratch. As a matter of fact when I hear folks complain about franchising fees that they have to pay to maintain their position in a franchise organization, I often think to myself of how ignorant they must be about the costs of starting their own business and the risks associated with self-employment. Here they have an opportunity to step into a business that is already functioning and probably successful; they will not have to deal with every day struggles of the small new business. I have never opened a franchise; I doubt that I will as I do not think that I would fit well inside the framework of a franchise. Here is what I see as some of the advantages of owning a franchise from a non-franchisor mindset:

Advantages to Franchise Businesses:

1. As I said above, the business is based on an already successful business idea that has been through the ups and downs of a new business concept. You can decide whether or not you want to purchase the franchise based on past performance before ever committing yourself to the business.

2. Support: The franchise will give you support in your new business venture which would include training, help in setting up your business and probably a manual for employees and running your business.

3. Recognition is probably one of the biggest advantages that I could think of. If you are purchasing a brand new company franchise (i.e. Cold Stone Creamery, etc) then you may not get immediate brand recognition. In most cases when purchasing a well known franchise there is immediate recognition. Also, you the franchisor benefit from the franchise company’s advertising and marketing. So I would think that completing your research on the company’s marketing plan would be a must.

4. As a franchisor you also benefit from the communication with other franchisees and the franchise itself. Being that I have always been self-employed we accomplish the same thing by forming peer groups; however, we always have obstacles in sharing information because how much is too much. These peers are usually my competition. In a franchise you will be able to share information and communicate what is working and is not and be on the same playing field.

5. Exclusive rights: As a small business owner, I wished that I had exclusive rights to my business in my territory. As a franchisor, the franchise corporation will usually give you exclusive rights to a territory which would disallow any other competing franchises to enter your area.

6. Vendor relationships have already been established for you. This is huge because you do not have to go out and share the same risk as a small business would in developing solid vendor relationships. This has all been done for you already. A small business must go out in the business world and develop their own relationships; often times the wrong vendor relationship can cost a lot of time and money.

7. Here is probably the biggest advantage. Financing. Several franchise corporations offer financing and if they don’t most banks are more inclined to lend money to buy a solid franchise rather than lend the money to an unknown brand new business start up.

I have always owned my own business and started it from the ground up. Since I have been reviewing franchises lately, and researched them to find some good ways to diversify my financial portfolio, I have been thinking a lot about the benefits to owning a franchise. I know there are many draw backs, but a franchise seems to make a great deal of good business sense to me. In my next posts I will be talking about the disadvantages of owning a franchise as well. After having completed research on several franchise opportunities in Denver, these are the definite advanatages that I could come up with.

Benefits of Owning A Denver Franchise

The benefits of owning a Denver franchise vs building your own business from the ground up are many. We've listed a few here that you should find interesting...

Established Track Record
As a Denver franchise buyer, you become part of a proven system of operation. Your franchisor offers a concept with products and services that have sold successfully. You have history to learn from and to help you predict your own future.

Faster Start Up
You have a short learning curve as a franchise owner, because you have assistance from a franchisor with lots of experience to draw upon in starting other new operations successfully. You and your personnel often get on-the-job instruction.

Less Risk
Your chances of failure are lower with a Denver franchise operation, because of the experience, expertise and proven resources that support you in your business. Franchises succeed at the rate of 90%.

Low Investment
Most franchises keep their front-end investment demands low, which favors new entrepreneurs. Moreover, a franchisor will often help new franchisees borrow by facilitating arrangements with lending institutions, which look positively on lending to franchisees because of their high success rates.

Purchasing Power
The group purchasing power of franchisees can make a big difference in your costs of doing business. Large buying groups can typically demand significantly lower prices on goods and services.

Name Recognition and Brand Awareness
With an established Denver franchise, you get the benefits that occur from marketing an established brand of products or services. With a new franchise, you can grow and contribute to the creation of the brand.

Business Support
As a franchisee, you will generally receive valuable, ongoing business support, including site selection, training, recipes, marketing, new technology and more. Franchisers will assist you in developing a business plan, in learning the best ways to hire and manage personnel, and in how to profitably manage your facility.

Hopefully you can see the benefits a Denver franchise opportunity provides. The time and energy of developing your own business has already been spent by the franchiser. Save yourself headaches and look into a franchise.

Growing your Denver Franchise

Betty Otte, SCORE Counselor

When most of us think about franchises, we are referring to the business-based franchise like the top 500 franchises published in Entrepreneur magazine each year. Entrepreneur’s 75 different categories range from automotive to services, but they all have one thing in common—a systematic method to deliver services or products.

You, the franchisee, have supported this system with your royalties and initial purchase price and it now will be one of your biggest assets as you decide to grow your business.

Since the systems for the franchise are already in place, your biggest concerns as you grow your business are:

• Finances –having sufficient capital and resources

• Location – for many businesses, location is critical.

• Employee training

• Culture transition

Employee Training and Culture Transition
You have worked the business in the first Denver franchise location, so those employees have translated your style into their work habits. They have seen by example how to handle a customer. To expand, you are required to hire people who will accept your style and be able to train other employees in that culture without your presence. Turnover of employees is expensive and time-consuming. Finding the right managers who can train and translate your wishes should be high on your priority list before taking on that second location.

How will your role change? Will you still manage the first location with a manager in the second or will you try to manage both? Trying to be in two places at once is difficult if not impossible. Will you put a manager in each location and personally tackle marketing and public relations? Can you relinquish control? It may be harder to do than you think.

Due Diligence
Be sure you exercise due diligence and investigate the following before you decide to expand:

1. Figure out why the franchisee is selling. If it’s because the Denver franchise is not successful, you need to figure out why. Lack of motivation or self-discipline, poor territory, inability to keep employees—there could and will be many reasons. You have the advantage of knowing the system so it is easier to differentiate perception from reality.

2. Protect yourself from liabilities. You will want to do a net asset sale to protect yourself from liabilities connected to the present owner with an indemnification clause. Even though s/he may have given you several reasons they want to sell, you may never know the true reason, so make sure to protect yourself from any outstanding legal actions.

3. Check financial statements. It is mandatory to check out the owners financial statements for 5 years or as long as they have been in business. What has the growth pattern been over this time period? Look at the sales tax returns and the income tax returns. It is easier to determine accounts payable, but equally important, in some businesses, is the accounts receivable. Often last minute games are played with receivables.

4. Can you assume an existing lease? It is important to check with the landlord if you are taking on an existing location for your Denver franchise opportunity. Many resources are available online to define due diligence requirements for the purchase of a business. Read one from SCORE.

5. Right of first refusal. In many franchise agreements, the franchisor has the right of first refusal. That means if the existing franchisee has someone who is willing to purchase the business, the franchisor has first right to come in and make the purchase at that price.

How to Grow the Franchise
There are two basic ways to grow your franchise:

• Purchasing another territory. One way to expand is to purchase a territory from another franchisee. The same due diligence must take place here, however, as with the purchase of any business.
  

• Purchase more territory or locations directly. Exercising this option means you will adhere to the same requirements published in the Uniform Franchise Offering Circular (UFOC) for the given year. UFOCs need to be renewed each year within the state of the sale. California and New York are the two states with the strictest requirements. More on UFOCs.
  

In many ways, growing a franchise is easier than growing an independent business. Take advantage of the network of other franchisees in the system. You all share a common goal and work within a given framework. Call them for marketing, PR and management tips.

Multiple unit management is a very different challenge, but it comes with many rewards. You, the owner, will change what you do, but your philosophy will double and triple with each new growth step. Make it the fun that it really can be. Seek help from your nearest SCORE office or online counselor. SCORE counseling is always free and confidential.

Selecting the Right Franchise

Betty Otte, SCORE Counselor

In Part 1, you checked out your franchise options and decided to purchase a Denver franchise. You have decided which one of the 75 franchising industries is right for you and have narrowed it down to maybe three or four different companies. The big decision now is to select the one franchise that is right for you.

Business demands that we think with our head and our heart, but when doing research, the head must take the lead. You are risking your money, your time and your career, so the choice you make must be congruent with your lifestyle and needs. Researching each option is the key. Here are five simple steps to help you.

1. Contact the franchisor directly and fill out a preliminary application form.
This tells the franchisor you are serious and a viable customer for his franchise. You will likely have a series of interviews with the franchisor.

2. Receive and review the company’s Uniform Franchise Offering Circular (UFOC). Once the franchisor believes you are serious, he will send you a copy of the UFOC which contains 23 important parts to review. The UFOC very clearly defines what the franchisor will do for you and what s/he expects of you. You will probably want to have an attorney review the UFOC; however, it is crucial that you understand every statement in each of the 23 parts.

The Federal Trade Commission (FTC) protects franchisee prospects up until the point of sale, but once the franchise is purchased, the FTC looks upon the business as any other start up, so the UFOC becomes vitally important. More on the UFOC.

3. Visit locations and talk to existing franchisees. This vital step will help you to determine the level of satisfaction of other franchisees in the system. You need to know if the franchisor delivers his promises and research is the best possible way to find that out. In addition, it gives you a chance to get an inside look at the business to figure out if you can see yourself in the Denver franchise.

4. Find answers to important questions. What is the initial purchase price? What are the royalty fees? What kind of training and ongoing support is provided? You will most likely be expected to participate in a national marketing budget. What percent of gross is expected? How often do you get new marketing materials? Do you have sufficient funding for ramping up and maintaining until profits begin?

5. Research the brand and operating system. Will customers gravitate towards your product or service because they know the brand? Has the franchisor provided an operating system which has been proven successful and is easy to learn and use? Will being part of the franchise system help in competing in the market place? Will you be a part of a growth industry of these Denver franchise opportunities?

A good franchise situation is extremely valuable, but you must do a lot of research before you filter out the good, bad and ugly. The good can be very good and a very wise business decision. Remember that SCORE has over 10,500 volunteers ready to help mentor you, many of whom have franchise experience. Seek help from your nearest SCORE office or online counselor. SCORE counseling is always free and confidential. Good luck in your journey.

Should I Buy A Denver Franchise?

written by: Betty Otte, SCORE Counselor

When most of us think about Colorado franchises, we are referring to the business-based franchise like the top 500 franchises published in Entrepreneur magazine each year. Entrepreneur’s 75 different categories range from automotive to services, but they all have one thing in common—a systematic method to deliver services or products.

Franchising is not for everyone, but for an individual who has limited business experience or someone who enjoys working within an established system, franchising can be the best possible path.

Franchising is simply a method of distributing products or services, with at least two levels of people involved. The first is the franchisor, who lends his trademark or trade name and a business system. The other is the franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor’s name and system. The contract binding the two parties is the “franchise,” but that term is often used to mean the actual business that the franchisee operates.

Do You Have What It Takes?
Before you go into any business, Denver franchise or not, it is important to first ask yourself these important questions:

• Do you have strong motivation and drive to achieve success?

• Do you have confidence and enthusiasm for the product or service you will be representing?

• Are you able to motivate yourself and others and train employees?

• Do you have experience in the industry?

• Are you willing to promote your business and the brand?

The Franchise Lifestyle
Figure out if a Denver franchise lifestyle fits into your own lifestyle. Do you have the necessary support system to open this Denver franchise opportunity? Does your family support this decision? Do you have an accountant, banker and attorney who will assist you in your start up and growth phases?

The Importance of the Brand
In the franchise world, belonging to a system gives you, the franchisee, a competitive edge, which partially compensates for the cost of being in the system. The main value in franchising is the identity related to the brand. McDonald’s is the largest franchisor in the world with over 31,000 units. Due to consistency of product delivery and global advertising, McDonald’s has a major advantage over, say, Joe’s Diner.

It is important to remember that since the brand’s value is more important than anything else, including the service or the product, the customer’s loyalty is to the brand, NOT the individual franchisee. No consumer walks into a Dunkin Donuts franchise because they know the owner. They know Dunkin Donuts. What this means is that within a franchise system, you have to play by their rules. You couldn’t open a McDonald’s and sell pizza, for example.

Your success as a franchisee is based on your willingness to work with in a pre-existing system, and help to build the value inherent in the brand. This kind of a business is not for everyone, so you have to be honest with your ego on this one.

Choosing a Franchise
So let’s say you are willing to work within a system promoting their brand or service and you are not concerned that customer loyalty is not directed to you personally. Now what? What kind of business should you think about?

The choices can be overwhelming. Approximately 45% of all retail sales are franchise driven—everything from tires to laser hair removal. One out of every 12 businesses is a franchise, with a new outlet opening every 8 minutes. In addition, there are over 75 industries to choose from, with many of those industries having dozens and dozens of options. How do you decide?

Go back to your personal likes and dislikes. Don’t gravitate to fast foods just because you already know how to make a sandwich. Some top industry categories include auto, children, cleaning, exercise and chicken. Find an industry that you wouldn’t mind doing and thinking about 24/7. Then research all the different options within that industry. Some good resources include Entrepreneur Magazine’s annual top 500 franchises list, the International Franchise Association, franmarket.com or even Google.

Taking the Next Step
You have decided that you don’t mind building the brand and you confess that you will most likely have a higher success rate within a franchise than on your own. You also want to be a part of the annual $1.55 trillion dollar franchising revenue and you have selected your industry. Now what?

Now the fun begins as you start the research that will determine the difference between good and bad franchises. Remember that SCORE has over 10,500 volunteers ready to help mentor you, many of whom have franchise experience. Seek help from your nearest SCORE office or online counselor. SCORE counseling is always free and confidential.

More Franchise Opportunites: Pet Care Franchise - Colorado Franchise

5 Denver Franchise Tips

If you are thinking about purchasing a Denver franchise, keep the following 5 tips in mind.

1. You are a customer to the franchisor. Many people believe that going into a Denver franchise is like joining a partnership where you, the franchisee, will be protected from failure. This is not true. While franchisee companies have a much higher success rate than individual start-up companies, up to 20 percent of all franchises do not do well. However, this failure rate is far lower than that of individual start ups.

2. You and the franchisor have different goals. Although both parties; franchisee and franchisor, have the common goal of building the brand, the franchisor’s goal is to sell franchises and the franchisee’s goal is to service the consumer or end user.

3. You may not have an ongoing relationship with the franchisor sales representative. If you are dealing with an independent agent or with one of the brokerage houses which represent franchisors or the Denver franchise opportunities, chances are that although they are knowledgeable about the franchise, you will not see that person after the point of sale. If you are dealing with a sales person salaried by the franchisor, s/he will want to work with you in the future, and that may cause the sales process to take on a different perspective.

4. You have legal rights when dealing with the franchisor. Be careful if the franchisor tells you how much you can earn if you invest in their system. The Federal Trade Commission (FTC) requires that franchisors who make such claims provide you with written substantiation. Be sure to ask for and receive this. If they don’t provide it, consider the claims to be suspect.

5. You are protected by the UFOC. The Uniform Franchise Offering Circular (UFOC) defines what the franchisor will do for you and expects of you. You must carefully review the UFOC before purchasing the Denver franchise. The FTC protects franchisee prospects up until the point of sale, but after this, the UFOC becomes vitally important.

More Articles on Franchising: Advantages & Disadvantages of running A Franchise & Work From Home Franchises

Top 5 Home Based Franchise Opportunities

By Cory Barber

When one thinks of a franchise opportunities, it seems the usual suspects automatically fill the mind, such as Subway, Pizza Hut, and of course, that "McBurger" place. However, as a franchise consultant, many of the candidates I talk to have zero interest in that particular business model. Recently, the trend I am seeing is one that offers flexibility, limited and controlled hours, and businesses that offer lots of family time. Oh, and something that doesn't require a million dollars up front. Home-based franchises are very sought after these days. The question then becomes: are there really such franchises available that offer the above?

The simple answer is "yes". There are plenty of those types of opportunities out there in various categories. Once you have decided to pursue a franchise that is home-based, you need to become crystal clear on the other elements that your business must possess before you can effectively choose the perfect one for you, and my job is to assist you in clarifying this.

Below are 5 hot franchise businesses that are home-based.

Handyman and Remodeling. As we all know, the housing market isn't great right now. Increasingly, homeowners are choosing to remodel or expand their current home, so if you're familiar with, involved in, or passionate about the building and remodeling industry, there are several great opportunities available in this field that you should consider. Some require extensive construction experience. However, with others, your role would be that of sales and marketing, so the actual labor is performed by contractors you work closely with.

Direct Marketing. Perhaps you have a special talent and a passion for marketing. You could run your own local marketing consulting company out of your home office. Your role would be to help local businesses succeed by providing integrated direct mail, online and mobile marketing solutions that help business owners target and retain more of the right customers.

Home Improvement. Maybe you would enjoy making sales presentations to homeowners looking to replace their worn carpeting or to upgrade their window coverings. The Home Improvement market is huge and continues to grow, with Americans spending more money on remodeling, renovating and decorating than ever before - this is a great example of a home based Denver franchise. You can run this business easily from your home, using a specialized van as your "marketing showcase on wheels". In many cases, this franchise category requires little if any experience, minimal staff, and a quick ramp up to profit. Not to mention a low investment requirement.

Pet Care. Do you love pets? Did you know that there are some fantastic pet franchises that you can operate from a home office, like pet cleaning and grooming, as well as dog training? Great Pet Care Franchise

Automotive and Tools. Perhaps you are mechanically inclined or love automobiles. You could operate a mobile vehicle detailing franchise, where you would make "house" calls at local professional businesses to clean cars. Or maybe you know tools like Warren Buffet knows investing. How about a business to business tool franchise where you market specialized tools to automotive repair shops and professional technicians.

You get the idea. There are numerous, well-established, successful franchise opportunities that cater to those individuals that want to operate their business from the comfort of their home office. A knowledgeable franchise consultant can work with you in identifying the specific criteria you are looking for in your perfect business.

The Advantages and Disadvantages of Running a Franchise

When it comes to starting up your own business, the thought of a Denver franchise has a lot of appeal. When starting a franchise you already know that your customers have heard the name of your business and will most likely come to your shop as well. You already have that free advertising going for you. Nothing can spread business faster than word of mouth. But there are pluses and minuses to every type of business you could decide to start up. It would be a good idea to read through some rent-a-center franchise information before jumping in feet first.

One of the major benefits to starting up your own franchise is that the franchisor often provides a significant amount of training. This is highly beneficial since any other business would not have access to this type of assistance. While your franchise might have to pay for the training, this is a better option than having to go out and figure it all out on your own. In addition, the franchisor will usually provide continued support and mentoring throughout the life of your own rent-a-center franchise. This is due to the fact that each franchisor wants to see each branch of their company succeed. They will not want to have one of their own stores ruin the reputation of all the stores.

On the other side of the advantages are also some disadvantages. The biggest disadvantage that you have owning your own Denver franchise is the loss of control in most aspects of your company. If you want to make any changes the change must be approved by the franchisor. Also, if the franchisor is not running the company to the benefit of each franchise, this can cause major problems between you and the franchisor. You should make sure to read through your franchise agreement as most of these have you sign your rights away if any such disagreement should occur. The other main disadvantage is the cost in general. There is an upfront fee that you must pay to the franchisor for using their name and trademark. You will also have to pay royalties to the franchisor which will cut into your pocketbook for the life of your business.

While starting up your own business sounds like a wonderful idea, it is also a good idea to weigh the good and the bad that go along with opening a franchise. After you read some RAC franchise information you might decide that you still want to go ahead or you might change your mind altogether. It just depends on what type of business owner you want to be.

Work at Home Franchise Opportunities

Potential Franchisees seeking a business opportunity that can be run from have never had such a great choice. Franchisors have now realised that the potential for home based franchises is huge. More and more people want to leave the rat race and work for themselves at the same time as keeping their overheads low.

The types of businesses that can be successfully run from home are wide and varied. They include businesses like financial solutions, business advice, computer repair, book keeping, ink cartridges, child minding, car repairs, business coaches and publishing your own magazines.

Most of these Denver franchises provide you with comprehensive training in how to set up your own home office. They will give you advice on basic bookkeeping, making sales calls, setting up broadband, setting up wireless connectivity and much more. There is a lot more to working at home than people realise!

When people first start thinking about working from home they fail to realise that their family will feel threatened. What was once their own private domain has now been turned into business premises! The first action that anybody should take is to set up a dedicated office that does not infringe on other family life.

The best idea, if possible is to convert the garage properly. It might cost a bit of money but it means that business visitors do not have to set a foot inside the house. If the garage is large enough then it is a good idea to add a toilet. This means that for all intents and purposes it is a self contained unit.

It is also important that people are comfortable in their working environment. Taking this into account make sure you have a water cooler, proper lighting, decent carpet and ventilation. After all chances are that you will spend more time in your “office” then in your house!

The basic equipment that is required includes a computer, broadband connection, printer, fax machine, filing cabinet, desk and some chairs. You can now get all in one printers that are also fax machines, copiers and scanners. Investing in a good quality machine that you can buy cheap ink cartridges for is a must.

One of the mistakes that a lot of people make when they work from home is to get up, switch on their computer whilst still in their night dress and start working. Before long it is mid afternoon and they still have not had a shower or brushed their teeth! Get into the habit of getting dressed before you even check your emails!

Make it clear to your family and friends that even though you are at home you are not to be disturbed during normal working hours. Otherwise you will get uninvited friends dropping in unannounced for a cup of coffee and a chat. It is amazing how fast the working day can disappear when you are entertaining!

There are some very good Denver franchise opportunities for people seeking to work from home if you set up your home office correctly and manage to get disciplined. If you miss the banter of the office than there are some really good online networking sites that are business related.

Making Your Business Franchise A Good Investment

Buying a business franchising is not an especially new way of doing business, but it's one that's proven throughout the years to be particularly successful. Whether you're the franchisor or the franchisee, business franchising has a number of plus points, and can be made into a good investment for everyone concerned, provided a few fundamentals are in place to make it a good investment.

The franchisor benefits from the franchise arrangement by being able to expand his business, often at a more rapid rate than would otherwise be possible. He also draws the financial benefits from the goodwill amounts built-in to the initial Denver franchise investments, and potentially even from a share of the franchisees' profits. The franchisees benefit from having a tried and tested business model, with a recognised brand or proprietary technology that will allow them to enter into business in a better position that they would have been had they started alone.

It sounds like a good investment to opt for business franchising, from both sides, but it's important to understand what makes a franchise a good investment. First there must be real brand value, or goodwill, which the franchisee can use to boost his business. There's no point in investing in a franchise that has never been run as a business, or has not been tried and tested to ensure it's a working formula - otherwise, in the absence of any invention or technology, there's no reason to invest in buying a franchise over starting your own business.

As a franchisee, you should also want to look further into the franchise deal to see exactly what you're getting for your money. Could you be in the same market position as your Denver franchise if you invested the start-up capital on your own? If the answer is yes, there's no commercial reason for you to enter a franchise agreement, and you should simply invest the money on your own behalf. If not, you might have found a valuable franchise opportunity.

For the franchisor to realise a return on his investment through the business franchising model, he must make sure that he prices the goodwill of the franchise competitively to give him the best deal while making sure franchisees get true value for money. They should also make sure that the benefits of their business model are spelled out over those of starting a similar, competing business from scratch. That way, they can promote the unique value proposition of their own business opportunity, to ensure the growth you both desire.

Franchising a business can be a great way of achieving growth, or of building your own business with less of the risk involved. Look at some of the major franchise success stories: McDonalds, Starbucks - so we know it works. Provided the groundwork is put in place, franchising can be an excellent choice for parties on both sides of the table, and provided it's worth the money to the franchisee, it should help provide a winning formula for business start-up and financial success.

Franchising: 5 Top Advantages

Looking to start your own business? If you want to own your own company, but are not sure where to start or how, you may want to consider purchasing a Colorado franchise. Franchises are great, because they offer many advantages to the Denver franchisee, allowing them to operate their own business and gain profits, while providing a format to help direct your Denver business for sale.

If you are thinking that operating a Colorado franchise will be a ready-to-use business, you are mistaken. Although franchise ownership is not a buy-and-fly operation, many franchisees do find that starting and operating a franchised outlet fit their personal tastes much better than trying to start a company from scratch.
Here are some great examples of the most common advantages of operating a franchised business:

1. Instant Recognition: The main benefit of purchasing a franchised business is that it allows you to use your parent company's already-established name to attract a pre-existing customer base. A Denver franchise is basically a license to use an existing company's name, trademarks, products, services, and other resources in return for agreeing to use that company's existing business formats and provide a percentage of your franchise's income and earnings. An established company means established products and services, which appeal to an established market, already waiting to buy your product!

2. Working Operations and Procedures: When you purchase a business format franchise, you gain the privilege of not only being able to sell the parent company's products or services, but also the right to use their established industry practices. These practices may include training programs, marketing strategies, trade secrets, accounting systems, etc. This cuts down drastically any problems you will encounter in trying to establish these systems on your own.

3. Lower Start-Up Costs: Normally, the initial fee of purchasing a Colorado franchise is substantially lower than the cost of setting up an enterprise from the ground up. Combine this with the pre-established operations formats that will be provided for you, mentioned above, and you have saved yourself quite a bit of money and energy.

4. Ongoing Support: While the initial advantages of operating a franchise have been illustrated, one of the most important aspects of having a Denver franchisee is the fact that the parent company will provide you with ongoing support throughout your venture. You will never have to worry about being on your own.

5. Financial Clarification: In addition, most of the financial aspects of running a company will be much more straightforward. The franchiser will be able to provide you with details of both start-up costs and operational costs, taking much of the guess work out of running a business.

Great Business Opportunities: Buy into a Franchise

Starting a business of any kind is exciting. The great thing about a Colorado franchise business or others that are set up similarly is that if the business opportunity provides the proper training and systems, a person with no experience or special ability should be able to acquire the skills needed to succeed. After all, the premise of a successful business model is the ability to duplicate. The last thing you want to worry about is a potential Denver franchise business issue that could affect your income and profit.

You open your business with one goal in mind... and that is to make money, right? Absolutely! Guess what? The absolute number one thing you must keep in mind is that the number one goal of the Franchiser is exactly the same! I know, you are thinking, well, no kidding I already knew that! But, did you really? Do you really know what that means to you? Have you really thought about how their goal of profitability and your goal of profitability are two entirely different goals? You must understand that since these goals are divergent, decisions made by the franchisor are made with only ONE goal in mind - their profitability.

The Colorado Franchiser will say that their success depends on your success. That is only partially true. Sure, they need open units and happy Denver franchisees to expand, but remember, they make their money off your sales - the TOP line. The business issue for you is that driving top line sales does not always translate into bottom line profits for you. For instance, deep discounting of products, while increasing your top line sales, could severely impact your cash flow and your bottom line. Also, adding additional units in your market will increase the top line sales for the Colorado Franchiser, but it could severely impact your sales and profits. In the Franchiser profitability model, two units producing $500,000 each in sales, is better for the Franchiser than your single unit producing $750,000 in sales, even though the decrease in sales impacts the profitability of each unit. This has become a major issue in the Denver franchise community over the years.

There is no reason to be bitter, resentful or angry about it. It is part of the franchise business world. Too many people enter into a franchise or business opportunity and expect everything to be done for them or handed to them. Always remember that it is a Denver business for sale, and your franchiser benefits as much as you do.

While there are great Denver Franchisers out there who truly care about Franchisee success, you must realize that they care about their profitability first. When reviewing opportunities make sure they really do care about YOUR bottom line. Unfortunately, you will never really find out if that is true until you are open and operating your Colorado business for sale. It may even take several years before it becomes an issue. Hopefully, it never does.

That is why the best and most successful direct sales and network marketing entrepreneurs work to ensure the bottom line success of their team. Their level of success is dependent upon assisting and helping each other attain as high a level of success as possible. Done properly, a true network marketing system, with proper support can produce great results, without a lot of the costs and risks associated with the start up of a typical Colorado Springs franchise business. Both models work. Find the one that works best for you.

Colorado Franchising: Utilizing Industry Expos and Conventions

Despite the current fluctuations in our markets and in our society today, the pressing need and desire to invest in Colorado franchises has never been higher. People intend to have an understanding that even when times are tough, that is the greatest time for you to make an investment in to accept the challenge. When it comes to franchises, people feel a bit more secure than investing their money in the stock market, because they get their hands dirty and it's how much effort they put into it that gives them the control. So if you're looking to franchise your business, why not take a look at presenting your opportunities at a Colorado franchise & business opportunities expo?

There are a lot of benefits to joining and then participating in the largest Colorado franchise and business opportunities events in the nation. And don't just set your sights on the United States, because there are many international events you can partake in as well. The first major benefit from attending one of these franchise & business opportunities expos is the pure and simple fact that not only can you present yourself, you're presenting yourself and your opportunities to hundreds and thousands of qualified attendees who want to own a business of their own. And in that reason alone, you're saving yourself if thousands of dollars in time and in searching out potential prospects. Here, you can find the absolute best Denver business for sale. You also run into people who could take your business places perhaps you did not ever think of.

Time is money, and there's nothing more true than when you own a business. Rarely have so many hours in a day, the stock market is only an open for so long, we all may live so many years. Time is what everything revolves around, and at these Colorado franchise & business opportunities expos it is an opportunity for you to really maximize your time. There are over 1000 other companies presenting themselves in promoting their opportunities at these events, and it only happens for one reason. That reason is because it works. If it didn't work and provide fantastic results year after year, people wouldn't be coming back. These expos only draw the most serious people who are willing to make a decision to invest.

And when you partake in a Denver franchise & business opportunities expo, you can also attend seminars, meet people face-to-face, get ideas, expand your horizons, and meet potential of very valuable partners. The advantages are so numerous, and the investment that you make in joining in participating in one of these expos is mind boggling. Take a step in the right direction and look into it today.

Source: Gottlieb Wendehals, ezinearticles.com

Denver Franchising Opportunities

If you are seriously considering going into business for yourself but have limited experience, your best option may be a Colorado franchise business. Franchises are everywhere and they are a wonderful way to duplicate a great business idea without carrying all the cost.

A typical example of a successful franchise is of course the world famous McDonald's chain, although entry level and ongoing costs are enough to scare a lot of people off. From the point of view of the franchisee, a good Denver franchise opportunity can give them a framework upon which to build a successful business. If the business is well marketed there will already be brand awareness that you can capitalize on. It is much smarter in this economy to search for a Denver business for sale, as opposed to attempting a start-up.

Best of all good Colorado franchises will provide tried and proven recipes for success. Product development requirements, and business and marketing strategies are mostly already pre-planned so you should not have to worry about these. It is already done for you. You just have to run an efficient and effective business, providing a quality product and quality service.

It's that easy; but only if you buy into the right Denver franchise opportunity. Unfortunately, there are many franchise operations that are someone's get rich quick dream and they haven't built a viable and known business first.

The first rule of selecting a Colorado Springs franchise business opportunity is to choose one with a track record of success. You want to see steadily increasing profitability due to good management, growing demand for the product or service and excellent service. However, that is not enough on its own. It takes skill, organization and excellent communication skills to transform a successful and well run Denver business for sale into a franchise.

As with most things in life an excellent sense of timing is very helpful. For example, with growing health consciousness, it is probably not a good time to buy into a fatty fast food franchise. However, with people so busy with work and other commitments that they can't find the time to wash your dog, wash the car or clean the house, personal service franchises are booming.

Just wanting to have your own business is not a good enough reason to buy a Colorado franchise or start a business. You need to give it a bit of thought; after all, for the first five years your new business is going to require a lot of love and attention.

Start by asking yourself what you are good at. What do you love to do? If you are not a people person or have very few people skills it is probably best to avoid a customer facing retail franchise. Try to match your personality and abilities with the Denver franchise opportunities available and see if you are compatible. Once you have narrowed down your possibilities to a few of the best ones contact the franchisers and ask for an information package. Read it very carefully.

You need to know what level of advertising and marketing they will commit to, what training they will give you, what help is available, the terms and conditions of the franchise and the business model. Don't take any of this information at face value. Make sure have any agreements checked by a competent expert and don't sign the contracts unless ratified by your legal advisers.

Good Colorado franchise opportunities will have a good reputation and you should be able to discover it by contacting your national franchise business association and possibly by doing an online search. If you are relying on web endorsements do be careful as these can be manipulated. A common internet marketing strategy is to post comments in forums, write blogs and create an 'expert' persona to gain credibility.

The problem is, you don't know what's genuine and what isn't. Always consider looking at your regional franchise association website if you have one, as these can be a great source of advice. Legitimate associations will only present viable franchises for your consideration. They will also usually provide a lot of information that will help you choose a Denver franchise and run it successfully.

A good rule of thumb when it comes to choosing a franchise business opportunity is to choose one that has a history and a good reputation offline. Research every Denver business for sale, to truly know the best franchise to choose.It is also advisable to seek expert guidance before making a committed decision. The internet can facilitate your initial research but it is up to you to do your due diligence and become truly informed about any franchise business you are considering. If you start out right, franchising can make business success easy.

Source: Dave Talbot, ezinearticles.com

Advantages of Franchising in a Recessive Economy

Previously, if one wanted to start his own business, his natural course of action would be to do it on his own, depending largely on his business instincts, limited know-how, and observation of the market. The advent of franchising, however, brought a big change in business. Many have since become rich because of franchising. Franchising has indeed many advantages.

You Own the Business – A franchise is a duplicate of a successful business concept. The Colorado franchisee owns the outlet, therefore, he hires his own employees and oversees the management its day-to-day operations. He has high stakes in the Denver business for sale because his own money is involved.

Ready Market – When one buys a Colorado franchise, he is buying an established concept that has a good record of accomplishment. The franchisee is allowed the use of the company’s trademark and brand name. Because of this, the company is, in effect, giving the Denver franchisee a license to market its products carrying a brand that is already familiar with the consumers. Many popular franchises have instant brand-name recognition and have created a loyal following among consumers. Therefore, the Denver franchisee is getting into a business that already has a ready market.

Continuous Support from Franchiser – Although running his own business, the franchisee can tap the services of the parent company anytime he needs assistance. The services of the head office organization are available to him, too, whenever he needs help. Furthermore, many companies have field operations personnel whom the franchiser can call on to help him deal with any problem he may encounter in the operation of the business. Most Colorado franchises being offered nowadays are turnkey operations. Upon the signing of the franchise agreement and payment of the franchise fee, the franchisee receives the equipment and supplies required in running the business. Furthermore, the franchiser provides assistance in identifying a good business location for the new outlet. The company assists the franchisee in negotiating his lease, preparing plans for outlet layout, shop fitting, and furnishing his store. It also provides assistance in determining the appropriate stock inventory for the opening of the Denver business for sale. This kind of support and the other benefits under the franchise agreement is what sets franchising apart.

Training – The Colorado franchisee is given the necessary training to start his business and eventually run it smoothly. The franchisee as well as his employees are taught all the business systems of the company covering product preparation, quality standards, business controls, recruitment of personnel, and marketing. A good Colorado Springs franchiser will provide training to the franchise staff on a continuous basis.

Lower Capital Requirement - Compared to a non-franchise business, less capital is needed in a franchised business since the experience and tested system of operations of the parent company would already have eliminated the unnecessary expense incurred through trial and error.

Buying Supplies at Lower Costs - The Denver franchisee is able to procure all necessary supplies at lower costs because the prices are negotiated by the company with the suppliers in behalf of all the franchise units. Because of the size and projected regularity of orders, the franchiser is able to get huge discounts. Buying wholesale for the whole network means big savings for the individual franchises. This gives the franchises a big advantage over their competitors because they are able to reduce expenditures on a continuous basis. This procurement set-up is definitely more advantageous to the Colorado franchisee as against procuring supplies independently.

Extensive Promotional Campaigns - A franchise is the beneficiary of an extensive marketing campaign made possible by the sharing of the costs by the franchises. Many franchisees are required to shell out an advertisement royalty to the company as their share in the cost of promotional campaigns of the company, effectively spreading the cost among all the franchises. This accounts for the large marketing resources of the Denver franchiser enabling the company to avail of the services of top-caliber advertising agencies. Being situated in highly visible locations and benefiting from a huge promotions budget is a potent combination that is difficult for competitors to overcome.

Continuous Research and Development Programs - The Company conducts continuous research and development programs so that the business can improve the existing products and develop new ones to offer to the consumers. The marketplace changes rapidly and businesspersons have to keep up with the pace. The chance to seize the opportunity of leading in the market is available for only a very short while. This stiff competition necessitates continuous research and development programs for the company and the franchise network to succeed.

Acquiring the Status of the Company - As a franchise network expands, its stature in business becomes bigger. Mall owners prefer to have popular franchises in their malls because they want to present their shopping centers as a one-stop-shop where everything that customers want can be bought. Therefore, a franchisee will encounter very little difficulty in obtaining a lease in ideal locations. Because a franchisee becomes part of the giant image of the parent company, he will probably find that running a franchised Denver business for sale is not only so much easier than being on your own, it can also be the best decision a franchisee has ever made.

Minimized Business Risks – Because the Denver franchisee is buying a proven business concept, the business risks involved are largely minimized. The parent company has already resolved most, if not all, of the problem areas in its systems and procedures. What the franchisee is getting is a refined package of technical expertise, marketing strategies, and operational systems.

A Unified Set of Quality Standards – All Colorado franchise units are required to maintain a single set of quality standards insofar as product, customer care, and service are concerned. Here, the company will ensure that these standards are strictly adhered to and maintained in all its franchise units so that the whole network presents an image of providing quality products and services.

Benefits for the Franchiser - Franchising is a business concept that benefits the two parties involved. For the Colorado franchiser, franchising is advantageous because rapid growth can be more feasible even with minimum capital expenditures. When franchisees pay the franchiser for the chance to copy a proven business strategy, franchisers receive a steady flow of cash from royalties, which can be used to expand further. Franchising a business can be like hitting two birds by the same stone: a franchise is being paid to expand it. Moreover, because others operate individual retail stores of the business that the franchiser originally established, direct managing responsibilities become the obligation of the franchisee. Hence, the franchiser will have more time in his hands to explore ways to further develop and promote the business.

The only way to develop as quickly is through franchising. Expansion is the only way a company can realize maximum profits. In franchising, there are not many obstacles to stunt the expansion of a company, therefore, there is a big possibility of really expanding the franchise network not only in the country but also even overseas. At present, franchising is the only business concept that can make that possible. Colorado Franchised businesses grow rapidly, sometimes having several outlets in a certain area, pushing the competition out. All these benefits for the Denver franchiser are, in turn, advantageous to the franchisees since the franchises are largely dependent on the success and stature of the parent company. No other business concept can offer such an attractive and beneficial arrangement

Source: Matthew Anderson, ezinearticles.com

Franchise Businesses Sale

Business houses always try to expand their operation through franchises Denver. For that they are always on the lookout for talented and dedicated business entrepreneurs who will take their business forward. Business entrepreneurs always aspire to own and run their own business. That’s the ultimate goal for them. But starting a business can be a hazardous affair if you don’t have adequate knowledge of the nitty-gritty of a business operation. But here is your chance to become a successful business entrepreneur.

If you dream of taking complete control of your business and becoming your own boss, you should begin your own Denver franchise business operation today. You will find various business houses selling franchises to entrepreneurs on the Internet. Franchise brokers are similarly energetic to find devoted business entrepreneurs. You may stumble upon lucrative business franchise opportunities as well. But you have to be careful while choosing the most suitable Colorado franchise offers. Before opting for a specific one, you have to make sure that business is viable enough to prove profitable in the long run. You should also check out the track record of the business to assess how it has been performing. You should avoid all types of fly-by-night franchise businesses.

The business must remain rock-solid irrespective of the market trend. If any Denver business for sale is constantly getting affected by the market fluctuation, its franchise will bear the brunt as well. So it’s in your best interest to steer clear of those dubious franchise business sale offers. Also, while searching for Colorado Springs franchise business offers, you have to make sure that the offers interest you. It’s advisable to stick to the field you are familiar and comfortable with. Going for an unknown franchise venture is laden with risk. There is no harm in going for a business franchise. But, you have to be careful.

(Source: Jennifer Bailey, ezinearticles.com)

Existing Franchise Sales

Opening a Denver franchise is the smartest way to have one’s own business. The person will be in command of the business. Companies often sell their franchises in a bid to expand their business. The Internet is the best place to search for the suitable existing franchise sales offers. Various companies have posted their franchises Denver offers on the web to attract the best business minds. Franchise brokers have jumped on the bandwagon as well. Both the brokers and the companies offer lucrative franchise offers. However, as a business entrepreneur, you should avoid falling into any traps.

You should always carry out extensive research on the Colorado Springs franchise offers. You will also have to collect all the relevant information on the company to assess its viability. Any shoddy business deal should be avoided. If the company offering a franchise is not capable of surviving market fluctuations, you should take that into consideration. Colorado franchise holders are all set to suffer if the company can’t weather marketing trends. The Internet has opened up an exquisite world of varied franchise offers. But it’s always safe to check out the offers thoroughly, so as to avoid any misunderstanding. The franchise offers available now are often quite attractive. However, you need to understand the terms and conditions properly. For that, you can always consult any experienced attorney or franchise expert. They can guide you to choose the most suitable franchise opportunity.

Franchise companies are always on the lookout for the best business entrepreneurs so that they can develop their Denver business for sale. Being associated with any established company will always give you a stronger platform to flourish as a successful business entrepreneur. That’s why business enthusiasts always go for the companies that have a strong financial base and proven track record. Wise franchise decisions can help you climb up the ladder of success faster.

(Source: Jennifer Bailey, ezinearticles.com)

Finding a Trade Show Franchise Sale

The 21st century, in its first decade, is looking like it will be the century of the Colorado franchise. It’s impossible to drive to any of the thousands of shopping centers and malls anywhere in the world, or down the main thoroughfares of any major suburban areas, and not pass franchise after franchise, ranging from restaurants, to dollar stores, to cellular providers, to fitness centers.

A huge number of people both recognize and patronize the Colorado Springs franchise giants. But not nearly as many realize that there are hundreds, if not thousands, of other franchises offering marketable products or services without commanding huge franchising fees. It is the relative anonymity of these franchises, in fact, which makes them ideal opportunities for someone who understands the ins and outs of the franchising Denver business for sale.

A franchise sale is one way the franchising company has of helping sway those who are still on the fence to commit to starting their own franchise. Smaller franchisors are always on the lookout for prospective clients, and will use every means possible to generate a franchise sale.

The Franchise Trade Show

The Internet has opened up the Denver franchise market to millions of people who would otherwise have had no idea how to enter it. There are even estimates that seven out of ten franchise sales leads come from the Internet, with direct mail, word-of-mouth, and print ads accounting for the rest. But many small franchisors still rely on the tried-and-true expos and trade fairs for each franchise sale.

The most important franchises Denver show is the International Franchise Expo, and unlike industry trade shows, it is designed strictly to bring together a franchisor and prospective franchisee in the hope of generating a franchise sale. Most of them are held on weekends, and one way in which a franchisor can increases its chances of making a franchise sale is to stay in the area for a couple of days after the trade show.

Following Up And Making The Deal

To accelerate the franchise sale process, franchisors may arrange follow-up seminars to their most promising sales prospects. Some of them will even offer discounted franchise sale prices as a way to seal the deal before they leave the area.

By allowing buyers a chance to get in the door at a lower than normal cost, the franchisors are giving the investors the chance to get their franchises on a paying basis much more quickly than would otherwise be the case, and that can often be the deal-maker.

(Source: Wade Robbins, ezinearticles.com)

Franchise Sales

How do all of these Denver franchise organizations manage their Colorado Springs franchise sales process? It is remarkable how many franchise systems out there, in the United States a new franchise is opened every 8 minutes of each business day, that is an amazing rate of growth! So franchising works, I get it. How do you find franchisees once you have gone through this process of franchising a business though?

When evaluating franchise sales, it is critical to first identify who the franchise buyer is and who we are working to sell the franchises to. Franchise sales encompass a large array of different types of franchise offerings. The traditional franchise is the owner operator model where typically a moderately well capitalized individual buys into the rights to run and manage a single location of the franchise offering. This franchise sales approach is most effective when using a sales presentation that evokes an emotional response. For example, "Be in charge of your own financial future, become the captain of your OWN ship!" Presenting the Colorado franchise to the buyer is not about the financial details, the minutia of the business offering or other particulars, it becomes an emotional decision for the buyer to get into business on their own with your help. Franchise sales is about creating that emotional connection with the buyer, similar to the process of selling a home, the buyer falls in love with the idea and the notion that they will be in that house, neighborhood, they picture their family being raised in that home and envision the future they will have there. The individual franchise buyer is typically not a former executive or highly educated individual with millions to invest, it typically is just someone who wants to get into business for themselves and they know they need someone's help doing it.

The franchise sales process is typically a 30-120 day process with a potential candidate, some take much longer. The evaluation process takes place on both sides, the buyer judging whether the franchisor has the support, training and overall package to truly support them and the franchise sales person gauging whether the franchise buyer has the capital, experience and wherewithal to be a franchisee.

The second type of franchise sales is to sell to a multi-unit franchises Denver owner. This franchise offering is someone who has much more capital and experience. In this franchise sale, the buyer purchases the franchise rights to a much larger territory with a larger responsibility. They then are put on a performance schedule by the franchisor who establishes how many units the multi unit franchisee will be opening. This franchise sale is a different sale than the individual franchise. This buyer is highly sophisticated and has most likely been in franchise development before. They look over the financials and make an investment decision based on the ROI and how quickly they will see a return on the investment. In order to make this franchise sale the franchise system probably needs to be somewhat mature and have a really professional package to offer the franchisee, they are typically being courted by many franchise systems. The offering needs to make sense, in many cases the only realistic way to attract this buyer is to present earnings claims and business plans, these people are making an investment when they buy into the Colorado Springs franchise, not buying into a lifestyle.

When approaching the process of franchise sales, it is critical to have people, consultants and a system in place. The first step is planning out the stages and carefully preparing for how to manage the influx of leads and responsibilities that come with franchise sales. The beauty and excitement of franchising is that with each franchise sale a company is expanded into a new market, the franchisor gains the valuable work ethic and commitment of a vested owner operator and the franchisee gets the training and support needed for them to become their own business owner.

(Source: Christopher Conner, ezinearticles.com)

Succeed With an Established Business For Sale

There are many compelling reasons to buy an existing Denver business for sale rather than starting one from scratch. Existing businesses for sale can be a much less risky investment compared to new start-up ventures. Consider that building a brand new Denver business for sale from the ground up can be a very time consuming process. Even though new business owners put all their energy into generating revenue, perfecting their operation and sorting out the kinks of their enterprise, many start-up businesses don't succeed.

Anyone considering going into business for themselves at least consider existing businesses for sale, rather than building a new company from scratch. When purchasing a business through a business broker, entrepreneurs can step into a fully or partially established organization with an operating history and clientele. The flip side to this is that business owners that are looking to sell their businesses can profit from the track record of their businesses for sale and generate a premium on the selling price.

There are many advantages to purchasing an already established Denver business for sale compared to starting a brand new company. People purchasing existing businesses from owners benefit from the company's history and goodwill. The firm's previous relationships with vendors and employees are already established, for instance. With existing suppliers providing merchandise, existing customers purchasing products and services and trained employees handling the day to day operations of the business, new owners are able to focus on improving the company's operations and generating profit. One of the most important things a buyer needs to consider is whether the business for sale has a solid operating history and will be able to maintain profitability after the transaction is completed. Although existing businesses for sale may be less risky than start ups, please do your due diligence on any business for sale. Consult with your lawyer, accountant or business broker for assistance.

Many people hesitate to purchase a Denver business for sale because they are not quite convinced that it is the right move. Passion is a key ingredient to building a successful venture and all potential business buyers need to assess whether they are passionate about the businesses for sale they are considering. After buyers consider their interests and skill, they will go into purchasing businesses for sale more informed and more likely to succeed. Businesses are bought and sold all the time where the purchasers go in without doing a personal assessment. It's much better to know what you're getting into before the deal closes. Starting a brand new venture can be a daunting process. To make it easier, you consider existing businesses for sale (franchises Denver for sale are something to consider also). Unlike starting an enterprise from scratch, buyers are able to build up a business that already has an established foundation. This lightens the workload and improves the likelihood of success!

(Source: Peter S. Watson, ezinearticles.com)

Identifying the Right Franchise For Sale

If you are tired of your thankless, boring job, want to get out of the rut and dream of leading a swanky lifestyle, then running a franchise under a profitable and reputed franchisor could be the right, and the easiest, option for you. And many business entrepreneurs are doing it too, since surveys show that more than 40% of business around the world is franchise run. However, while some franchises can become huge successes, others bomb big time. So, how do you make out which franchise for sale , is the right one for you?

Niche: As you know, businesses all over the world are competing fiercely with each other for a bigger piece of customer pie. That being the case, you need to choose a business that can stand up to the competition offered by rivals. A product that runs on its own steam can save advertisement costs and bring in customers automatically.

Protected territories: What happens if the same franchisor opens another outlet selling the same thing that you sell, across the street from you? Even a reputed and successful business that does not protect its franchisees by ensuring protected territories for each is not worth considering. That said, it is important to understand that having a protected territory dos not have anything to do with distance. It means that a franchisee must have a tested formula for deciding on successful demarcation between areas. For instance, you could always have a Macdonald's outlet at a reasonable distance, particularly if each is housed in a shopping complex of its own. But in case of a small business franchise based on service, large territories are a must.

Selection: Before you buy the franchise on sale, always check out all your options. Some people buy on recommendations from friends and family, others go through yellow pages. These days, you can find independent online directories specializing in providing information regarding franchises on sale. You may post your requirements on these websites, or you may browse through their searchable database to identify the right franchise. Such websites have a number of helpful online tools that make it easy for you to manage listings, feature online ads and appear in search engine listings.

Assistance: Franchises fail in the first few years of business because of their inability to find the right direction. Choose a company that wants you to excel. Many reputed companies give you excellent training programs that let you in on their trade secrets and business strategies. They also make you aware of the most common mistakes made by businesses, so you can easily learn from the trials and errors of other people. So, check out the company's training program. How extensive is it, does it involve on-location training classes, do they follow up with other training programs and so on.

Many franchises for sale may appear attractive at first sight, and there may be people you know who are running such concerns in a very successful manner. But, they are not you and the opportunities they select need not be the right ones for you. Select a franchisee that has as much interest in your success as you do, has good chances of succeeding in your area and coincides with your interests. That way, success will come to you automatically!

7 Steps To Franchise Your Business

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 definitely 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.

Step 1 - Branding

Your franchise needs to be branded. When people look at a business for sale, the biggest draw to buying into a franchise rather than starting a new business is the value that comes from recognizable branding. If you have a good logo, quality name, and reliable service that is associated with your brand and your product, then not only will customers buy it, but franchisees will buy it, too. Spend the time and money it takes to brand your business well so that it will recognizable and desirable.

Step 2 - System

When someone looks for a franchise opportunity, usually they desire to own their own business but are looking for a business plan or model that is proven to work. When deciding to franchise it is imperative that you develop the system that franchisees will follow. This is important for two reasons, the first is that you want your future franchise owners to succeed for themselves and you want them to appreciate being a part of your franchise. The second reason is that you want to make sure that your franchise owners are not giving your business a bad name. By providing a system that represents you and your business well, you allow everyone involved in your business opportunity to provide a unified business model that customers will appreciate.

Step 3 - The Support Service

Franchise investors are looking for business for sale because they want assistance. If they had it all figured out for themselves they would be running their own business, not looking for a franchise for sale. It is critical that just as you work to maintain customer service and support with your customers that you develop and maintain service and support with future franchise owners. The number one priority for most franchisees is that the franchiser provides extensive training on how to run the franchise and ongoing support throughout the course of the business to ensure them that they will not be left alone.

Step 4 - The Financial Arrangements

You want your franchise to be a good value. Something that people will want to invest in and feel like they are going to profit from being a part of your business. You also want to make it clear that your business is to be taken seriously, and there is an element of personal investment and risk involved in not putting everything you have into running a franchise. It's important to understand the agreement you will have between franchise owners, what costs you will charge, what percentage of profits or fees will be paid to you to maintain service, support, supply, etc.

Step 5 - Recruiting Franchisees

So you've decided to franchise? That's not going to mean much if there is no one that wants to purchase a franchise from you. Franchising is a whole new level of sales and marketing. There are a variety of websites that provide matching services and lead generation for franchisers. Decide what fees you are willing to pay, what costs you can dedicate to advertising and recruiting and find a way to promote your business. You now have two things to sell, the product or service you provide to your customers, and the business as a profitable venture for your franchisees.

Step 6 - Becoming a Franchiser

Now that you are ready to actually franchise there are a few more steps to take. Seek expert advice from the British Franchise Association. It's invaluable in providing a wealth of unbiased step-by-step information for potential franchisers. Research the market to ensure that products and services are competitive, valuable, and desired in multiple areas. Test the franchise in the form of a pilot operation lasting at least 12 months or longer. The pilot scheme should be undertaken at more than one location in order to test the concept in differing geographical and economical areas. Establish a central management core. This will probably mean turning over your original business to competent successors so that you can focus on managing your operation as a whole. Finally, develop marketing, sales, and advertising strategies to promote the franchise network.

Step 7 - Join the BFA

Once you are a franchiser, join the British Franchise Association. The benefits of membership are many including: Publish recognition and credibility, increased public awareness of member franchises through BFA pr and publications, inclusion on the BFA website, national and regional forums and training, assistance with international development of member franchise networks and much more.

If you have understood the value of becoming a franchise operation, it means that you understand the importance of networks and business coming together and sharing information and helpful tactics. The BFA is a great association that provides many small business owners with ways to become large franchise providers. Not only will you experience growth and success as a franchise owner and operator, but you are also providing countless others through your franchise the chance to fulfill their dreams of becoming small business owners themselves.