One of the best business models for someone who is looking to get into business for themselves is getting into a Franchise. The franchise business model allows someone who would like to have a store front type of operation, and the freedom of being self employed to get into business with minimal risk.

The serious reduction in risk associated with being in business via purchasing a franchise is a very big deal. The majority of small businesses fail in under 3 years. However not franchises.

A franchise is less risky because the owner of the company has already went through all of the hardships of becoming a success. He has already discovered what will work and what will not and he provides all of this knowledge to you in the franchise package.

He made all the mistakes. Spent all of the money on finding out what works and what does not. Then was able to package the exact step by step plan you can follow as a franchisee to achieve massive success.

And it becomes as easy as simply following the plan he provides you with. Do this and your chances of success are drastically improved.

The great thing about being a franchise owner is you are definitely self-employed but you are not along. You have a coach and a game plan to help you short cut your path to success. You have everything you need right in front of you.

For the most part all of the restaurants and such that we frequent on a daily bases are franchises.

Many success stories have been created in recent years, from smart business people who have been in the right place at the right time and found a franchise opportunity, locked up the rights in their area and went on to great success as a result.

Keep your eyes on the magazines and online sites that list franchises and especially new ones that are new to the market. Look for ideas that are new and not just a duplicate of an existing idea or business.

Make sure it is a new idea. And preferably something that is exciting and will have wide spread market appeal.

It also helps if the company has sold some franchises previously, as it is always nice to be able to speak with an existing franchise owner. Get their perspective on the business and how it is going for them.

So again a franchise is a great investment, it will not guarantee your success but it will greatly improve the odds of you being a success.

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