subject: Business For Sale Or Franchise Business: Which Is Your Business Opportunity? [print this page] A business is always favoured by people who are willing to take the risks and to take full control of their decisions. For people who want to do the business, they can either start their own ventures or take up some business for sale or might even decide in favour of franchise business. These methods of doing business shall be evaluated very carefully by doing a SWOT (strengths weaknesses, opportunities and threats) analysis of each of the business opportunity.
Some of the main features of the business for sale and franchise opportunity are:
Business for sale:-
1. You take up full control over the business, including its assets and liabilities.
2. You are not dependant on anyone else for the running of the business, neither do you have to seek authorisations and approvals for all or the more crucial part of the business.
3. You get the assets at very economical rates. You also gain from the long developed inertia of the set up.
4. The resources for the business might already be existing which need not be found afresh.
5. Turnaround may not be easy. There might be infusion of capital, technology and other resources required to achieve the turnaround.
Franchise Operations:
1. You get the brand name. Brands are not easy to develop and it takes years to accomplish this. By using the franchise opportunity you seek to capitalize on the name already developed by the brands.
2. Ready markets: The branded businesses have ready markets of their own. The brands attract the customers. So, for the world go, you begin to get the customers.
3. There might be some commitments on the resources to be pledged by each of the party. The franchisee might need regular product and training support. On its part, it might have to commit a certain level of finances and the space for the business, among other commitments on advertising, cleanliness and other quality parameters.
4. The franchisee may not be in total control of all decisions. Rather, it is the parent company or the brand-holder which dictates the terms in return for some assured returns.
5. There is a revenue sharing arrangement between the franchisor and the franchisee, due to which the overall returns for the franchisee are lower.
6. Limitations on geographical reach of operations can be placed as well.
The right business opportunity shall, therefore, be evaluated very carefully. Normally people prefer to venture into those fields which are known to them. Some might be keen on taking opportunities which are not very widely prevalent now but will become so in near future. All depends on your eye for spotting the right business opportunity.
These opportunities can be found in the classifieds sections of the newspapers and also on the online classifieds ads sites. The franchise business opportunities are also available on the websites of the companies. You just have to look for one on the website of the company making the products you want the franchise of.
