Currently, due to increasing economic hardship in many industry sectors many employees are losing their jobs. Corporations are downsizing, small businesses are letting people go and some small businesses are failing and going out of business, it is just a terrible thing to have to contemplate. Of course, adversity builds character and chaos and calamity often provide opportunity. If any of this sounds familiar then maybe it is the world's way of saying it's time for a change.
Indeed, sometimes it is time that you chased your dreams and started a business of your own. Yes, there are a heck of a lot of choices out there, and it is a bit overwhelming at times. There are Franchises, business opportunities (Biz Ops), licensing opportunities and a myriad of potential possibilities, so how do you know which one is right for you? Well, there is a big difference between business opportunities and Franchises.
Generally speaking business opportunities give you a plan, industry information and all the things you need in the way of equipment so you can start your business. Once you start, you are on your own. With a Franchise the franchisor allows you to use their brand name, trains you, helps set you up in business and then provides on-going assistance for the term of the franchise agreement. Of course, there are on-going fees for this.
These fees are called royalties and they range from flat fees each month to a percentage of gross sales. Some franchisors charge quite a bit for their royalties and others are more reasonable. You have to decide which is best for you and then you have to study several deals from various companies to find a good fit. Do not rush into anything, you need to think this through, as many of these Franchises are quite expensive. Please consider all this.