Are Home Based Franchises For Real?
With so many work at home based business franchises available today, you have to wonder how many of them are really legitimate. Some of them sound amazing and promise astounding sales and profit with little effort or upfront investment. A wise investor will do the homework before purchasing a home based franchise so that there are no surprises after the deal is done. Careful consideration must be given to the kind of franchise that would be most suitable for your situation and work with your long term goals and business plan. A home based franchise is a business that you purchase from a franchisor that you can operate from home. In many cases, this is the most cost effective way to start a business because there is much less overhead and start up cost when you already have the location and space right within your own home.
After you decide to purchase a home based franchise, you become the franchisee and the company that sells you the franchise is the franchisor. As part of the business agreement, you are required to make an initial investment which is usually lower when you are operating a small franchise from your own home. Once established, you must pay franchise fees and/or royalties to the franchisor depending on the amount of business and sales each month. Get as much information about the franchise that you possibly can. Ensure that you understand exactly how the home-based franchise works and research the franchisor’s performance and reputation.
Ask the franchisor for this information and check out independent reviews as well. It is all useful as you consider the legitimacy of the franchise, the franchisor and in some cases, the opinions of other franchisees that have already purchased their own franchise. Think about the time, money and effort required for the home-based franchise you are considering. Think about the franchise requirements and operating details as you ponder your next move. PortraitEFX is just as the brand name implies. It is a professional portrait photography franchise where your franchise is home-based but you go to various locations to complete photography projects for your customers. From little league games to weddings, the opportunities are ready and waiting for you to get started!
An informed decision is the best decision When you are considering purchasing your own home-based franchise, there are many things to research, investigate and decide. Make sure you leave no stone unturned as you make one of the biggest decisions of your life. Starting a business franchise offers no guarantee of fast money and wealth. Take your time to think about the opportunity and whether it works with your goals and plans for the future.Above all, do your homework Before committing to any home-based franchise, research the franchisor. Check into the company’s reputation and business performance reviews.
The author is an expert in interior design and bathroom renovation at http://buildingsinspection.co.nz/