Adrian Newman’s latest é-Wealth Daily’ article is titled “A Home-based Franchise Primer”. [‘e-Wealth Daily’Article]

Adrian Newman’s latest ‘e-Wealth Daily’ article:

A Home-based Franchise Primer

If you’re thinking of starting a home-based business, but aren’t sure of what type of business to start, then you might consider getting involved with a proven success. A franchise could be the answer to all of your problems.

There are home-based franchise opportunities popping up all over the place, so if you want to start a business, but find that your biggest problem is getting a great idea, then take a look at buying into a franchise.

A franchise offers a number of benefits for a budding entrepreneur. The first, of course, is that all the thinking is basically done for you in terms of the concept. Often, the hardest part of starting a business is that first stage of determining what type of business will be profitable. A franchise handles the idea stage for you.

Not to mention that you know the franchise you choose will probably work. Risk is a big reason why so many people stay away from starting their own business. If you buy a franchise, you at least have some idea that it can work or that it has worked in the past. There are no guarantees with any business, but if there has been success in the past, then you know that the franchise’s business model can work.

On that note, a franchise also offers some relief in terms of business planning. When you buy a franchise, you know what you’re getting. Generally, you get the business model/plan as well as some training to get you started. You are shown how to run the business and why it can work.

Before you throw down your investment money, you want to make sure that the franchise you choose to go with is a legitimate one. As is the case with many things, there are a number of scams out there, so you want to make sure that you’re not being taken advantage of.

The first thing to remember is that any advertisement stating that you can get rich without any effort is probably a scam. It’s a business — you’re going to have to work at it, so keep that in mind.

You can also do some research through the Better Business Bureau and the Federal Trade Commission. Make sure that the franchise hasn’t been investigated in the past and that there aren’t any red flags present in regards to their practices.

You should also check in with the franchise you have chosen. Make a few calls and get the names of franchisees that have taken advantage of this opportunity.

The Internet is a great resource for finding these opportunities. A simple search will provide you with a number of franchise opportunities, but it’s up to you to decipher the good from the bad.

Entrepreneur.com’s “Franchise Zone” (http://www.entrepreneur.com/franchises/index.html) is a good resource for finding popular home-based franchise opportunities. They provide information on the franchise as
well as the contact information. The best advice is to stick to web sites and links that are reputable. If you’ve heard of the publication, then you can be relatively sure that they have done the proper research on these companies.

As long as you’re willing to do the research before you write out a check, then you shouldn’t fall prey to a scam.

A franchise is a great way to take advantage of someone else’s innovation. Often, you can find franchises to invest in for a very small amount of money that have a lot of potential.

If you choose something you’re interested in, then you will find the business a lot easier to run. And remember, even though the idea and business model have been thought out for you, managing the business is in your hands. Even the best business idea can fail in the wrong hands. So make sure that you’re ready for the commitment and the hard work. If you are, then a franchise could be a great way for you to make big money.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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