How Low Can You Go?

Many people dream of owning their business. For some, the best solution is franchising. Franchising reduces both the complexity and the risk associated with starting a new business venture. Of course, buying into a business-in-a-box can be an expensive proposition. For many, the cost of entry signals the end of the road for their hopes and dreams of business ownership. This is what New Englander’s refer to as the “You can’t get they-ah from he-ah” syndrome.

What many prople don’t realize is that not all franchise and business opportunities come with a price tag starting at $50,000 or more. For those of you who are looking for a business that costs $20,000 or less to start, below are several culled from Business Opportunity Network.

The 5 Keys to Owning a Restaurant Franchise

For people considering buying a restaurant franchise there are a wide range of opportunities. The key steps towards owning a food franchise are as follows.

How to Find the Best Location for Your Business

This week we discuss how to find the best location for your business. This isn’t a difficult process, but will require some homework on your part. You can use a commercial realtor to help you scout for locations, but the real research you must do yourself.

You’re Never Too Old To Start Your Own Business

Contrary to popular opinion, starting a business is not exclusively the domain of the young. In fact, in many cases, people at or nearing retirement age can are not only excellent prospects for beginning a business, they are usually some of the most qualified candidates. Why? Aside from the obvious edge in experience that comes with being long in the tooth, when it comes to qualifying for business finance, baby boomers are as a rule extremely bankable.

Which Business-In-a-Box is Right for You?

When it comes to making a decision between going it alone or opting for a business-in-a-box, the real question you should be asking yourself is how prepared are you to launch a business on your own. I mean, unless you have a tangible skill such as accounting or law, starting a business requires a bit more than hanging out your shingle. To start off with you have to create marketing materials including a website to promote your startup. You also have to create, package and vend your products and services. You have to make decisions regarding pricing and determine your margins. You need to determine how much you are going to spend on advertising. In short there are about a hundred things that you as chief cook and bottle washer need to iron out before you sell one unit.

Buying a business-in-a-box solves all these issues. Both franchisors and business opportunity purveyors have taken the time to go through all the above mentioned areas. They have tested the water and taken their lumps. They have survived the sometimes brutal evolution process. What they have to offer is a proven track to run on that if followed will allow you to skip the trial and error part of starting a business and get down to the art of the deal.