Aug 4

It used to be that moms had to stay at home so they could personally take care of their children and attend to the needs of the husbands who provided for them. Nowadays, though, most moms can be found working and trying to provide for their families, too, which is perfectly okay if your kids are all grown up or if you have someone else to watch over them. If not, however, you’ll have to find a way to combine your career and your family, like starting a home based business, for example. Read the rest of this entry »

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Aug 4

Marketing is important for any business, specially for a home-based business.  Marketing spreads the word of the business and creates awareness of the business.  Unfortunately, the home-based business owner might balk at the cost of marketing.  Even on a small budget the home business owner can make use of common business tools for prospective clients to notice the business.

It’s not enough to send out flyers, knock on doors or have newspaper inserts, there are a lot more marketing venues available to the home-based business. Read the rest of this entry »

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Aug 4

Being a single mom is no easy feat, which is why it is a good thing that nowadays, there are plenty of home business ideas and opportunities for single moms. Indeed, having a home business won’t just allow you to earn a good living for you and your children. You can get to stay with them, as well, so you can watch over them and personally attend to their needs instead of spending on a babysitter. Not sure which home business to start? Here are some top home business ideas for single moms which you can consider. Read the rest of this entry »

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Aug 4

Everybody wants to be their own boss, which is why it comes as no surprise that more and more people are taking advantage of modern Internet technology and running their own home based businesses. You, too, might want to do the same, especially if you want to earn more while still getting to spend enough time with your family. Before you do, though, there is one important question you have to ask yourself: Do you want to start your own home based business from scratch or would you rather join an already established company by buying a home based business franchise?

Why Should I Buy A Home Based Business Franchise?

True, buying a home based business franchise may mean you’ll need to make a fairly large financial investment since you need to pay for the franchise fee and royalty payments along with other fees. You might also need to relinquish some control over your business to fulfill certain obligations towards the company. However, these should be a small price to pay in the long run, especially when compare to the advantages of buying a home based business franchise. Read the rest of this entry »

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Aug 1

Whenever the words “business opportunity” is mentioned, a lot of people think about opening a franchise. After all, franchises afford people to have businesses able to hit the ground running. But are they truly as good as they’re alleged to be?

How Much Can a Franchise Business Opportunity Cost?

In return for the franchise fee you have to pay, the franchisor will give you a business opportunity that allows you to make money almost right away. You will be provided assistance for finding the ideal location, the best employees, and even in acquiring the kind of training you need for managing the franchise.

If you are looking into a franchise business opportunity, make sure you consider the various costs that a franchise business would entail.

Initial Expenses

The franchise fee is not the only thing you’ll have to pay up front if you’re interested in availing of a franchise business opportunity. Like with any other business, you may also have to spend on purchasing or leasing the location for your business, equipment and machineries, supplies and inventory. You will, of course, spend on acquiring the appropriate legal permits and licenses for your franchise.

Royalties

The initial franchise fee is not the only thing you’ll owe to the franchiser. Indeed, a franchise business opportunity is one you have to pay for continuously through royalties. Your franchise agreement is sure to include a condition on this, specifying the percentage of whatever income you generate and the franchisor is entitled to. Franchisors are given the right to ask for royalties in return for your continued use of their business name and everything else that comes with it.

It’s very important to read the documents accompanying your franchise business opportunity. There are some, for instance, that require franchisees to continue paying royalties until a specified period of time even though your franchise became bankrupt or you made a voluntary exit of your agreement.

Advertising Fees

Franchisees are generally asked to contribute to the franchisor’s advertising fund. This is, however, a reasonable request as your franchise can only benefit from advertising efforts made on a national and regional scale. Without those funds, you’re unlikely to afford advertising outside your local anyway.

Franchisees Are Rarely in Complete Control

That’s one thing you have to fully understand. Although a franchise business opportunity often sounds rosy, you have to be prepared to relinquish control in most aspects of running the business. Here are a few examples where you may not be allowed to make the final decision without proper consultation and approval from the franchisor.

Location

Most franchise systems have very specific conditions when it comes to site approval. Indeed, franchisors usually withhold their approval of any franchise application until they’ve completely ensured that the prospective location is ideal for the business.

If you want to impress the franchisor with your first choice of location, look for sites that are easily accessible to the franchise’s target market. Evaluate the strengths and weaknesses of your choice and think of ways to exploit the good points of the location while underplaying the bad points.

Design

In most cases, franchises have to maintain a uniform look. While they don’t have to be exact mirror replicas of the original stores or those owned and managed by the franchisor, they do have to adhere to the same design scheme. Moreover, if the franchisor implements design changes every season, franchisees are usually required to do the same. This could be quite a sudden drain on your pockets if you haven’t expected such a demand.

Restrictions

Franchisors tend to be very strict as well as to what you can and can’t sell in your franchise store. If you’re looking forward to exploring your culinary talents, a restaurant franchise business opportunity might not be a good idea. Most restaurant franchises won’t allow you to make instant changes to the menus. Suggestions may of course be welcomed, but they’ll have to be approved and tested before they can be implemented for the entire franchise system. Even though your intentions for wanting to add to, remove from, or modify the product or service line are good, they might not make a difference to your franchisor.

Franchise agreements tend to have explicit conditions as well on how a franchisee is supposed to operate the business.

As you can see by now, a franchise business opportunity might not be as good as it sounds at first. Be sure to weigh your alternatives carefully before making any decision. Good luck on finding the ideal business opportunity for you!

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Aug 1

Online business opportunities may abound, but not all of them are certainly genuine. Many of them, indeed, are simply out to defraud you of your money. If you want to keep your hard-earned money safe and invest them in authentic online business opportunities, here are a few things that the Federal Trade Commission, one of the official government-appointed watchdogs for consumers, wants you to keep in mind.

Ask for numbers.

If an online business opportunity promises to help you earn huge profits, just how huge is huge? If an exact amount can’t be provided then ask for a profit range and supporting documents. Definitely, such a claim must be backed by evidence. Read the rest of this entry »

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Aug 1

Starting your own business isn’t easy, or so you’ve probably already been told. Still, while it is true that many new entrepreneurs lose a lot of money during their first year and eventually have to close down, it is also true that there are many who go on to succeed. In fact, because of developments in Internet technology, it is much easier to run a successful business these days, particularly a computer home based business.

Why Start a Computer Home Based Business?

Indeed, nowadays, an online or computer home based business can prove to be more profitable than a regular, offline one, not just because more and more people are spending time in front of their computers and getting hooked to the Internet, but also because a computer home based business requires a relatively smaller investment. Read the rest of this entry »

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Jun 17

If you have been using the Internet for sometime, you’ve probably already seen all those ads and websites offering online business opportunities. You’ve also probably wondered if they’re genuine or at least remotely possible, since there’s so many of them. One or two keywords regarding a particular online business and you get a million hits, even more. So are online businesses for real or just a temporary thing designed to make you or that person behind the ad a quick buck?

What makes an online business?

An online business is essentially a commercial venture set up and operated online. It may or may not include a brick-and-mortar aspect and the whole operation may be run by a single individual. It may or may not offer a tangible product. Some online businesses, for example, deal mainly with selling electronic data while others offer physical or tangible merchandise. Read the rest of this entry »

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Jun 16

Let’s face it.  Ours is a world that is run by economics.  Economy matters.  It affects our personal lives, how we eat, drive our cars and how we make our decisions.  It even affects how we choose our country’s president.  So if you find that you have to tighten your belt from time to time or that there are certain things you can’t buy because your wallet doesn’t let you, consider earning extra income to boost your spending capability. Read the rest of this entry »

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Jun 16

Deciding on which business opportunity to choose shouldn’t be so hard. After all, it is in its core all about earning an income. Unfortunately, just because it is a universal concern doesn’t make decision making smoother or easier. Industries have grown, globalization has occurred, market preferences have changed and worldwide economics have affected many ventures. And then there are the scams. For a first time entrepreneur, choosing which business opportunities are best can be a real challenge. Read the rest of this entry »

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