{"id":5754,"date":"2008-10-01T03:03:40","date_gmt":"2008-10-01T08:03:40","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/10\/01\/what-makes-a-good-business-opportunity\/"},"modified":"2008-10-01T03:03:40","modified_gmt":"2008-10-01T08:03:40","slug":"what-makes-a-good-business-opportunity","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=5754","title":{"rendered":"What Makes A Good Business Opportunity"},"content":{"rendered":"
by Myles Krueger<\/div>\n

When you have made the decision to either purchase or invest into a franchise how do you know if the franchise is a quality one or not? An important measurement of quality is the rate of growth of the franchise. How many new franchisees are added each year?<\/p>\n

The franchisors authorize the proven methods and trademarks of their businesses to franchisees for a fee and a percentage of gross monthly sales. Agreements typically last five to twenty years, with premature terminations of most contracts bearing serious consequences.<\/p>\n

It’s a good idea to visit different operations, both independently owned and franchised to interview the owners<\/a> for advice. Get to understand your intended business well before you make a commitment. Attend trade shows, ask questions where people do not feel threaten but are there to assist you.<\/p>\n

Whatever the reason, a lack of new franchises annually may mean this is not a healthy company. How does one determine an acceptable number of new franchises? The percentage of new franchisees to the number of total franchisees gives you the comparison. This is the number you should use as a base.<\/p>\n

Businesses for which franchises work best have the following characteristics: those with a good track record of profitability, built around a unique concept, have broad geographic appeal, relatively easy to operate, inexpensive to operate and are easily to duplicate.<\/p>\n

There are several things you should know about considering to be a prospective franchiser. If there is a potential company you have in mind that you are thinking about purchasing or investing in you need to make the next move. At this point, it is wise to have an attorney, an accountant, or a banker for advice.<\/p>\n

Talk<\/a> with many existing franchisees and pay particular attention to those that have recently joined the franchise system. Ask questions about marketing effectiveness and earnings potential. Specifically covering the areas as the training they received when they first arrived and if they have had any ongoing support.<\/p>\n

Having a franchise broker can also help you in purchasing a franchise business by negotiating the price during the processing stage and he will charge a fee for his services, but it is worth it and just make sure that you have checked the broker’s credentials and credibility before hiring. Regardless of the business opportunity, make sure that you have researched thoroughly concerning the company that you are planning to purchase the franchise from. You need to ask many questions in order to make the final decision every step of the way.<\/p>\n

\n
About the Author:<\/div>\n
Myles Krueger is a solid source to help students, entrepreneurs<\/a>, and followers find internet home business opportunities<\/a> that make money. He also is talented at assisting you get a franchise business opportunity<\/a> with a solid brand.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When you have made the decision to either purchase or invest into a franchise how do you know if the franchise is a quality one or not? An important measurement of quality is the rate of growth of the franchise. How many new franchisees are added each year?<\/p>\n","protected":false},"author":2169,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[78],"class_list":["post-5754","post","type-post","status-publish","format-standard","hentry","category-advertising","tag-advertising"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/2169"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5754"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5754\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}