One of the start your own business opportunities that seems to offer ready-made solutions is the franchise. You pay the fees, and in many cases you get equipment, some advertising and a brand that many people already recognize. But as technology advances, the idea of buying a franchise takes on a whole new meaning. And you need to be careful. BusinessWeek points out that not all franchise opportunities are good ideas:
"These franchisees are basically going into an unproven, high-risk
venture, yet they’re also saddled with the fees and loss of autonomy
and freedom associated with franchising," says Sean Kelly, a franchise
consultant with Leola (Pa.)-based Idea Farm and operator of the blog Franchise Pick.
The main focus of this article is iSold It, a franchise that specializes in getting you to open up your own eBay drop-off business. You sell other people’s unwanted items on eBay and then keep a percentage of the sales. Unfortunately, this doesn’t work so well.
And there are plenty of other franchise opportunities just like it. "Opportunities" that don’t work and end up costing you way more than you earn.
Technorati Tags: business opportunities, buying a franchise, franchise opportunities, Franchise Pick, home business blog, Sean Kelly, start your own business
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Thanks for the mention and link.
There are many great franchise opportunities out there, some of them new offerings. The important thing to realize that you pay a premium for the franchisors experience. In cases like iSold It, there IS no experience since it's a new, unproven concept. You're better off failing with your own wacky idea… it's cheaper!
Love your site… great branding, fun graphics.
Posted by: Sean | September 6th, 2007 8:41 pm |