banner top
Business top

Topics
Business
Business Finance
Insurance
Investment
Real Estate
 
Articles
• Home based internet marketing business 1
• Home based internet marketing business
• Home base business lead 1
• Home based 1
• Home based business insurance
• Home based business lead
• Home based business leads
• Home based business magazine
• Home based computer business opportunity
• Home based greeting card business

 


 
 

 

 

Home based franchise opportunity business


As Days go on, one's needs are rising. To meet those needs we go to jobs. We work a lot just to get our pay checks after a month for the work we have done. But, in this monotonous process, we forget few things.

Why dont we ask these few questions to ourselves to make the concept clearIf ever, due to some unavoidable circumstances, we are unable to work, then will we be able to have the same lifestyle like before So, where is the home based franchise opportunity business income security How about having an ongoing income rather than an active income How about spending some quality time with our family without worrying about the money How about leading an uncompromised life which we have been dreaming for Now in the coming paragraphs, I will give answers to these life changing questions.

Let us categorize people in to four categories. Every one of us will fall in to either one of the categories listed below. At first, People who have no money home based franchise opportunity business but lot of time. Secondly, people who have lot of money but no time. Next is the category of people who have no money and no time. Last but very important category is the one where in people have lot of money and lot of time. How many of us would like to be in fourth category

Right now, all of us are in either first or second category. But we can have a smooth transition to the fourth category by managing our time in a smart way. As we have seen before, through job, we get active income. (i.e.) as long as you actively work, you get income otherwise not. So, there is no income security. why dont we take up a part time business opportunity which has lot of income potential in it

One such kind of opportunity is the 'FRANCHISE' option.

Through franchising, one can establish their own private network. At first you will become a franchisee by accepting the partnership from a franchiser. After which, you can diversify your sources of income by establishing your own network of franchisees. Whenever you become a franchisee with the help of a franchiser, you work on a partnership basis for some percentage. In a similar way, if you establish a network of franchisees for some percentage, after few franchisees, you can replace your income as a franchiser with that of total income of those franchisees. In this way, your income is diversified. And since even those franchisees who were under you can also become franchisers, they will establish their own network of franchisees.

In this way, your income becomes ongoing. Even though you dont work as a franchiser anymore, you keep generating income from the growing network you have established. Thats the beauty of franchise opportunity business.

An exemplary franchise operating model is McDonalds. It was started by Ray Kroc in 1955. He established first McDonalds and saw it running pretty well. So he thought of expanding his business by increasing the number of outlets. Till now, he was getting active income. He wanted to transform it into ongoing income. Then, he started the concept of franchising by which he gave a chance to the common man to open his\her own outlet with McDonalds brand name and principles. After setting up few franchisees, he need not work at the McDonalds outlet that he established for the first time. He was able to replace his income. As the network was growing, the income continuously flowed in. Now, there are more than 10000 franchisees of McDonalds, who give an outstanding profit to the franchiser Ray Kroc.

The two disadvantages in McDonalds franchising model are:

* It needs lot of capital

* You will not have the option to sub franchise it and establish your own network

To overcome these disadvantages, many people have come forward with various private franchising concepts where in by getting the brand name, one can even sub franchise. The links provided will take you to the world of franchise. By the sub franchising, even we become franchisers and we can also grow our network of franchisees. For an instance, if you have a network of 5 franchisees, out of which if a franchisee takes back his partner ship, then also you will be left with income share from 99 other franchisees. Here the income gets secured by providing the back up for your active income.

This becomes home based franchise opportunity business because, this is the only business concept, where in you can work in it with the family. All the spare time of the family in a week can be actively used for the business which is all more of fun and money. We need to work once by establishing a network of our own. After that, the same network will work wonders by showing lot of income potential. This results in spending quality time with the family along with the ongoing income after having a successful network set.

Personality of the person develops as you grow your team size by expanding your network. This concept is all about having a win-win situation for everyone. By helping the team grow, you will become FINANCIALLY FREE and also will enhance your personality by improving the interpersonal skills.

Once the concept of franchising is clear and its advantages, one should be careful about choosing a franchiser. There are many people out there who are ready to franchise their business. When we are in the look out to franchise, we need to look for a very good franchiser, who has got a good brand name, so that we get the set of home based franchise opportunity business principles and standards. There is one such option called Amway tied up with Britt Worldwide system. This system is designed in such a way that any one can start up their franchise with very low investment and have an ability to have their own network of franchisees.

So, in the market right now, there are many franchise options which need to be carefully analyzed and taken up for a financially free life.

Lets go ahead and get started to make all our dreams come true!

Business top