subject: Home Based Franchise Opportunity – Is This The Perfect Opportunity? [print this page] Home Based Franchise Opportunity Is This The Perfect Opportunity?
Let's be honest with each other here. There is no such thing as job security anymore. People are absolutely stressed through the roof and they're working more and more every single day and taking home less pay. That is a recipe for disaster. The bottom line is, people are desperately looking for a change in a big way!
It's not unusual for people to want to have a home-based business and be their own boss. The benefits include working wherever you want, whenever you want, and nobody can tell you what to do. I don't know about you, but that spells freedom to me. So what we have to decide is whether buying a home based franchise opportunity or starting a home-based traditional business is the right choice for us. That's exactly what we are going to cover in this article.
So we need to first discuss why somebody would choose to buy home-based franchise versus a traditional business. To me it seems very simple. Franchises are an easy transition if you want to have a business plan that's already in place, if you want to have a marketing plan that's already done for you, and you want to have a proven system that generates results. So, for someone coming out of corporate America, a franchise is a viable option. You don't have to be creative in all aspects of the business and you have a lot of resources to pull from in order to succeed.
However, if you are the kind of person who likes creativity, who likes flexibility, and who really wants to make a ton of money in just one business, then a home-based franchise opportunity is not right for you. What I mean by that is you generally have to own multiple franchise operations to make the kind of money you truly desire.
One huge consideration why people choose a home-based franchise opportunity is because of the total start-up costs of a traditional franchise. A typical franchise will cost you $250,000 in total startup costs, and that doesn't even include the real estate. You still have to buy inventory, you have to worry about fixed and variable costs, you might have employee wages and benefits, and so much more.
The great thing about a home-based franchise opportunity is that you pretty much already have everything you need to run your franchise. You really only need a computer, a high-speed Internet connection, a cell phone, and maybe a fax line. That's all you need! now if you are working at home, your utility costs will go up. However, the real cost increase will be minute compared to what a physical brick-and-mortar building would cost. Other benefits include lower gas costs because you're not driving anywhere and time savings because you're literally walking from your bedroom to your office.
