What is your definition of “business”? If you answered, “Business is just a simple process in between the buyer and seller,” then you must be totally an old fashioned person (Forgive my rudeness, but this is the fact).
Thanks to the great and useful internet creation, we are now able to start our business at home (That’s why the amount of SOHO increases consistently over the years). With a high speed and fast broadband connection, you are ready to go (Even you’re wearing your pajamas suit and lying on the comfortable bed, you still can dealing the million dollars business with customers, all by the simple and hassle free e-meetings).
Do you know? According to the U.S businesses data survey, the world fastest and profitable business genre would be the franchise method. Below here are the top 10 franchises for 2008:
1. 7-Eleven Inc.
2. Subway
3. Dunkin' Donuts
4. Pizza Hut
5. McDonald's
6. Sonic Drive In Restaurants
7. KFC Corp.
8. InterContinental Hotels Group
9. Domino's Pizza LLC
10. RE/MAX Int'l. Inc.
Isaac Singer, a sewing machine manufacturer and entrepreneur, which want to expand his business, first invented this franchise method. Then, John S. Pemberton, the founder and owner of Coca-Cola is the idol for this franchise method.
If you referred to above list, you noticed that 7/10 world top franchises were monopoly by the foods niche. Among all the franchises, McDonald which serving over 50 million customers daily and with over 31,000 worldwide restaurants, still considered the most successful role model in the franchise history.
When you buy a franchise, you will be given at least two things: a valuable brand and the proven operating formula. The biggest advantage of purchasing franchise from the well known big companies is the both of these have been set in place (Which means you don’t need to worry about the brand/formula anymore).
Here is the list for the top ten franchises niche list (This list is based on the worldwide franchise survey data):
1. Restaurant Franchises
2. Children Franchises
3. Business Franchises
4. Travel and Lodging Franchises
5. Cleaning Franchises
6. Health, Fitness and Beauty Franchises
7. Recreational and Social Franchises
8. Technology Franchises
9. Real Estate Franchises
10. Transportation and Vehicle Franchises
You must be wondered, out of many types of businesses, why we should choose this franchise method?
Well, it is because:
1. Franchise is the business that with excellent profitable record of all.
2. Franchise is the business that mostly build based on a unique concept.
3. Franchise is the business that can spread all over the world, with wide geographical appeal.
4. Franchise is the business that comparatively easy to organize.
5. Franchise is the business that only require fair amount of initial cash to start with.
Let’s us discuss about one of the profitable franchise, restaurant franchises. If you’ve decided to join a restaurant franchise, you must remember the following main purposes in your mind…
Try to build in demand
Most of the customers have been familiar with the brandy franchise foods. If you’re joining a restaurant franchise, keep in mind that the restaurant franchise already built its own brand, otherwise just don’t even bothered it.
Check out the successful record of a franchise
This is a necessary step you cannot skip, which to ensure you’re choosing the franchise that has created its own fame, before you’re making the big decision to join it.
Always looking for the prestige
Believed it or not, most of the peoples always fascinate and have more confident for the glamor franchise than the unbranded one.
Franchise method will be remained the top and moneymaking business type in the upcoming years. Therefore, it is a sagacious choice to jump on the gold digger bandwagon as early as possible.
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