Bookmarking

I have a small service based partnership and I have two people who are willing to move to another state and take our business there. How should I look into franchisement?

Popularity: 1% [?]

It’s a Curves franchise. Location has been in business for 6 years.
It’s a Curves franchise, existing for 6 years.

I’ve talked to 2 (national) banks, and they both said they don’t deal with “start up” business loans and simply pointed me to sba.org.

When I researched online, I just get overwhelmed with “24-hour approval bad-credit OK” loans that seem suspicious.

I’m really new to this, and appreciate any REAL help that’s out there.

And special thanks to the first Answer here — Yes, this is a serious question. I thought this was a friendly forum to ask open questions.

Popularity: 1% [?]

I’m going to buy a small business for 12k. I need advice.?
I know how to run the business because I have been working there for four years. I just don’t know anything about finances or what I need to do to get started. I will have a partner and we are splitting the costs 50/50. It’s a kiosk at a mall but it brings in a lot of money. Any tips or advice. We are going to pay the owner off in a period of 3 months 4k a month. The rent is 2,050 and we pay on commission. I want to do everything right and by the book. There is no franchise fee we buy wholesale from a distributer out of Richardson, Texas. The product is $3 a package and it sells for $20-$30. I have been doing this for 4 years and managing the one that I am about to purchase for exactly a year. Mall overage is 2% and insurance, phone, and credit card is about $400. On an average with me working by myself I make about $2,000 a week and from that I get 30%. So I make $600 a week with my commissions.

Popularity: 1% [?]

Small business start up,
Franchising, starting from the scratch or buying an existing business , which one is the most reliable

Popularity: 1% [?]

I would like to open a business or franchise but I don’t know about how much money I will need

Popularity: 1% [?]

I’m looking for any & all info on buying, investing & working in and for a Franchise.

I have million plus, to invest, but have no clue on the in’s and outs of the food franchise industry. I would like to start Yogurt shops in & around Seattle.

Most of all want and need to know the Pros’s and Con’s & the Do’s and Don’ts of investing & running a food franchise.

Popularity: 1% [?]

Making the decision to go into business for yourself is a complex decision that most likely took a lot of thought and consideration. Now the only decision left to make is which business franchise is the right opportunity for you. Maybe the choice seems obvious, or maybe you think it won’t matter what kind of business you run as long as you get to be the boss. But, a small business franchise can be a tricky thing, and which small business opportunity you choose may end up being the deciding factor in whether your career as a small business owner is a success or a failure.

It is very important to choose a franchise in an area that you have knowledge, expertise or strong passion. Franchises need to be run by people who like and appreciate the product or service being provided and must continually hold the interest and passion of those people who are operating them. Your employees, customers, clients and business contacts must be able to see and feel your passion for the franchise that you own. To that end, the selection of a franchise opportunity becomes as important as the initial decision to purchase a franchise . Here are a few options for franchises that offer a wide range of specified interest areas and passions.

One of the first things that you might want to consider as a potential small business franchise owner is whether or not you want to purchase a low cost franchise. There are several different options within that category but a low cost franchise is usually a good option for a first time franchise owner because it requires a relatively small amount of risk and offers good experience for someone that is prepared to learn what it takes to run a small business franchise. A good, low cost option for an up and coming franchiser would include Goin’ Postal which is a shipping and packaging franchise that offers training and support. Goin’ Postal can be run as a full shipping store location or as a Kiosk business which requires a very low level of time and capital to get started. The low cost franchise market also includes businesses such as DVDNow, which is an automated DVD rental kiosk business. Or a less tech savvy entrepreneur might appreciate the hands on business approach of VacuVent duct and air cleaning. Each of these franchises is relatively low cost to start up and provides a quick cash flow, very detailed training as well as support. The added benefit of these franchises, DVDNow, VacuVent, and the kiosk option of Goin’ Postal is that they can be run from home as a home based franchise which will allow the new franchise owner to eliminate overhead costs, and ease into these franchises as schedule and commitment allow. Other Franchises along the lines of DVDNow include Video Franchises such as Infinite Marketing which creates video business cards that contains personal video messages on a business card sized CD. There are so many different types of small business franchises to choose from; you need to ask yourself three main questions:

1. Is the Franchise something that I think is important and would use if I needed it?

Don’t find yourself in the situation of owning and operating a franchise business that you don’t appreciate. Typically if you don’t see a need for a particular service you should avoid going into that market. Franchise owners are almost always more successful when the product they sell and the service they provide is something that they believe in and can stand beside.

2. How much can I afford to invest, and how much time can I commit to the investment?

Franchise owners need to carefully determine what capital level is realistic for them to invest especially when financing through a third party provider, as many low cost franchises will provide. Also the franchise business owner needs to carefully determine how much time is going to be available to the new business. If you are adding this franchise to your current workload perhaps you should consider a franchise that will only take a few hours out of your week. Vendstar vending machine franchise is a good example because you can choose to operate and service as few or as many vending machines as you desire. If your franchise is going to be your full time job and sole source of income then make sure that you are investing in a franchise that will produce the level of profitability that you will require for it to be a success.

3. Do I understand the product and service I am providing?

While almost every franchise that you can own will provide you with some level of training and support, it is particularly important to have a competent grasp of the productin a franchise where you will be hiring employees and explaining your product to future customers. In order to ensure that you will be successful and continue to grow more and more profitable, you must have confidence in your business and be able to concisely explain to people what it is that makes your franchise worthwhile.

Don’t be overwhelmed, a franchise is a great option for an excited and motivated businessman or woman who is looking to expand their experiences and increase their profitability. Just make sure that as you move forward with your decision to enter the world of small business franchising that you are stopping along the way to examine what you are doing, why you are doing it, and how you are going to continue to do it well.

Popularity: 2% [?]

Popularity: 1% [?]

We have a small office 5 workstations and a server running SBS 2003. We currently have Symantec end-point. I find it less than convincing to continue to pay around $300 per year. What other solutions are out there that are recommended?

Popularity: 1% [?]

I have years and years of experience in small business, franchising as well as buying/selling businesses. I have worked with many businesse brokers and in general I am very disappointed by their “non-personal” “used-card-selling”approac. I beleive that a broker should always think about what is best for the client-even if that means not listing the business and advising client of value enhancing strategies. I am passionate about working with samll biz owners and truly helping them achieve their goal, may it be transfering ownership to enjoy retirement or acquiring a new business and living American dream. I want to now start my own business in business brokerage. i am afraid that the word “business broker” has negative connotation and debating if i should name my co. “Reliance business brokers” or “Reliance Business group” the later does not instantly reveal what I can do for the business owners, so i am not sure which one is the right choice. any thoughts/input will be truly appreciat

Popularity: 1% [?]