Categories
Entrepreneurship

Starting a Business from Scratch vs Starting (Investing) In a Franchise Opportunity [Video]

Starting a Business from Scratch vs Starting (Investing) In a Franchise Opportunity

One of the first decisions you will make initially is to either start your business from scratch vs starting by investing in a franchise business model. The question is do you want to go in it alone (do you have the time to develop your business?) vs the opportunity to invest in an already proven business model with an experienced franchise partner to train and support your business.

The franchise provides a proven business model for making money. This has gone through trial and error, market research & development, to be tested and proven effective. These are the top benefits the franchise provides:

Risk Mitigation – The franchise has a lower risk of failure than an independent business, it has been built, tested, and proven to be effective.

Efficient Distribution – The franchise has figured out how to deliver its product/service into the hands of paying customers.

Experience – The franchise has the experience that provides operational efficiencies and avoids costly mistakes. Every franchisee starts off by going through the franchise’s effective training process.

Purchasing Power – Leveraging the combined power of the group

Brand Identity – The franchise may already have brand awareness in your local market or know-how to quickly establish brand identity in new markets

Management Systems – Assistance for human resources, accounting, facilities management, specialized software to run the business, and legal compliance.

Planning & Startup Assistance – They provide a standard operating procedure and realistic goals for the business. They have developed a great deal of experience from helping other franchisees open previously. They know how to launch new franchise units efficiently, saving advertising dollars and shortening the ramp-up time to profitability.

Marketing Assistance – They develop professional marketing campaigns and advice on how franchisees will develop local marketing. Advertising can get expensive and knowing how to reach your customers is critical. Additional comprehensive, industry-specific, sales training is part of each franchise model.

Access to Financing – Lenders are familiar with the success rates of franchises and can utilize programs through the Small Business Administration (SBA).

Watch/Read More
  • Tags

Most Popular Posts Today

How To Start A Turo Business [Video]
►
Categories
Entrepreneurship

How To Start A Turo Business [Video]

#turo #turobusiness #turocarrentalHello, I am Tiajuana, and welcome to The Real Estate Apostle channel. I'm passionate about helping middle age adults like myself overcome the FEAR of leaving a comfortable 6 figure job to start a business. I'm eager to encourage my fellow Gen X to get off the treadmill working mentality and change our mindset to believe we can create our own wealth. Let's get started!Turo is a company that allows you to rent your car out to other people. In this video I will tell you how to make money on Turo, explore the pros and cons of participating on the platform, and give you some top tips on how to maximize your profit. If you want to launch a successful turo business in 2022, my video will help you get there.https://www.7figurescredit.com/?a_aid..https://cash.app/$MsTiajuanaThank you for watching!โœ… ๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ฅ๐ข๐ค๐ž ๐ญ๐ก๐ข๐ฌ ๐ฏ๐ข๐๐ž๐จ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ฅ๐ข๐ค๐ž ๐ข๐ญ ๐š๐ง๐ ๐ฌ๐ก๐š๐ซ๐ž ๐ข๐ญ.โœ… ๐ƒ๐จ๐ง'๐ญ ๐Ÿ๐จ๐ซ๐ ๐ž๐ญ ๐ญ๐จ ๐ฌ๐ฎ๐›๐ฌ๐œ๐ซ๐ข๐›๐ž ๐ญ๐จ ๐ฆ๐ฒ ๐œ๐ก๐š๐ง๐ง๐ž๐ฅ ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ฎ๐ฉ๐๐š๐ญ๐ž๐ฌ.https://www.youtube.com/channel/UCQnvO9sNFY2xtX3XohurwZwFollow Me On:Instagram: https://www.instagram.com/mstiajuana/Facebook: https://www.facebook.com/Therealestaapostle/Find Your Drive: https://turo.com/us/en/drivers/25621681Suggested videos for you:1. Starting a Turo Car Rental Business - My Turo Experience as a Host | Turo Business https://youtu.be/aK-MJ55WK2k2. Start a YouTube Channel Business: The Lead Attorney's School https://youtu.be/1MM-hibi5Co3. New Turo Host - Turo Business Tips from an Experienced Host | Turo Car Rental Business https://youtu.be/av4lajIY4vI๐Ÿ”Ž Related Keywords:turo,turo car rental business,turo car rental,turo business,car rental business,how to make money on turo,turo business 2022,turo host,turo tactics,turo tips and tricks,car rental,my turo experience,turo car rental tips,car sharing business,turo rental car business,how to start a business,business,entrepreneur,entrepreneurship๐Ÿ”Ž Hashtags:#turobusiness2022#entrepreneur#entrepreneurship#changeyourlife#business#generationx

  • Tags
My robot university counsellor – The PIE News [Video]
►
Categories
Entrepreneurship

My robot university counsellor - The PIE News [Video]

The PIE's Director of Research and Insight, Nicholas Cuthbert tests the limits of virtual counsellor software! Can he tell the difference between a human and a machine? The video shows how AI is revolutionising recruitment, with powerful WhatsApp integrations and offer-letter capabilities making lead conversion faster and smoother than ever.

Most Popular This Week

Expats, Entrepreneurs & Dreamers: How to Build a Thriving Business in France [Video]
►
Categories
Entrepreneurship

Expats, Entrepreneurs & Dreamers: How to Build a Thriving Business in France [Video]

Starting a business in a foreign country can be a daunting yet exciting experience. For expats and entrepreneurs, France offers a vibrant market, a rich cultural heritage, and numerous opportunities for business growth. However, navigating the legal, financial, and cultural landscape can be complex. This guide will walk you through the essential steps to help you build a thriving business in France, from understanding the local market to securing insurance.

This vlog contains an auto-curated collection of videos which may not always reflect our opinions and/or practices.