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Getting A Leg Up Using Franchise Framework
Time and time again, franchises provide the framework for entrepreneurs to reach their dreams. That’s being increasingly recognized across the nation, especially as hiring becomes the focus of so many news reports and conversations at the nation’s capital.
The advantages are clear. Entrepreneurs who strike out on their own are exposed to the glare of the spotlight, and every mistake and stumble is their own. With franchises, there’s support available, and a readily recognizable brand to fall back on in your marketing and advertising efforts.
As you can read in the article I linked above, it also gives a leg up on financing. Entrepreneurs who can’t get financing on their own can get a big leg up by being associated with a franchisor, especially when they personally advocate for you.
If you’re finding it difficult to make it on your own or you’re just not sure you have the resources to try, this is a great route to take. Are you considering a foray into franchises?
The New Franchises
When you think franchises, what do you think of? If you’re like most people, it’s restaurants, cleaning services and the occasional laundromat. You may not think of franchises for home health and medicine.
You might want to start.
According to The Gazette in Colorado Springs, one of the fastest growing franchise segments is in medical and drug tests. That’s a bit of a departure from the franchise model we’re used to, but it’s one that’s paying rapid dividends. The demand for lab testing and drug testing isn’t going away, after all.
Worth a read to see what the future of franchises might end up looking like, aside from the eternal presence of the fast food restaurant.
Get Creative When You Go For Financing
Handy tips from BizEngine today, which advises us all to use the creative side of our brains when targeting financing. It’s really not as hard as it sounds.
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Photo credit to pirshulet at http://www.sxc.hu/photo/1086198