small franchises to buy
Cheap franchises to buy
Find out about small franchises to buy
If you're looking at the possibility of starting your own low investment franchise, chances are good that you've heard some information about low cost franchises that may not be entirely accurate. Whether those tales were told to you by someone else or you managed to conjure them up on your own, it's important to bring them to light and know what the truth is. Here are 6 common myths about cheap franchises to buy that you simply shouldn't believe.
1. Starting A Franchise Is Cheaper Than Opening Your Own Business.
Sometimes, this can be true, particularly when considering cheap franchises to buy; however, it's not always the case. Most of what a franchisee is paying for when they make their business purchase is the established business name, a business model that has already been developed, and perhaps royalties and other fees. Take a Fran Ventures franchise for instance.
2. Recognizable Brands Make Better Franchises.
Truly, having a name that people recognize can be a big help, but that doesn't mean you need one to succeed. There are many industries in which you may not be familiar with company names just because they aren't highly publicized. Most people, for example, don't know the names of vending franchises, but that doesn't mean that Italy's Best Gourmet Coffee is a poor work from home business choice. On the contrary, selling coffee machines to offices and keeping them stocked with name brand coffees is a brilliant business because it sells the second most imported product in the United States to the people who drink it the most, regardless of how well known Italy's Best Gourmet Coffee currently is.
3. Bigger Is Better.
The American way isn't always the best way. First, not everyone can afford a huge chain of retail franchises or a large IT firm, and second, not everyone is the kind of person capable of running that kind of operation. So for someone better gifted to operate a small business, bigger is certainly not better. Press-A-Print is a very small home based business that initially consists only of an owner, his family, and a hand-operated printing press. Despite its small size and price tag, however, the ultimate size is dependent only on how many clients the franchisee can amass and advertise for.
4. Higher Initial Cost Means Greater Eventual Return.
There are many more subtle franchising myths that circulate in regard to any and every kind of business venture, more than any article can sum up, but these are some of the most prevalent. The wisest piece of advice to take away is that any universal statement about business success or any polarized assertion is most likely oversimplified and therefore incorrect. Take all business cheap franchises to buy advice with a grain of salt, find out what works for you and what doesn't, and your business will profit from your prudence.