Frequently Asked Questions
By choosing to work with a Franchise Empowerment specialist, you will receive unbiased help to evaluate your business and lifestyle goals, needs and requirements and then match you with the best franchise fit. Franchise Empowerment may show you franchises that you would never have considered or found on your own. By working closely together, we can help to make the franchise process less intimidating and more productive.
Franchise Empowerment works very much like a real estate company that helps you purchase a home. Franchise Empowerment will spend time helping to decide the right kind of business for you and then will introduce franchises that fit. If you decide to buy a franchise that Franchise Empowerment introduces to you, then the franchise company pays us. This is similar to the real estate agent that finds you the home, when you buy the home the real estate agent is paid by the seller – not you. In the case of Franchise Empowerment, the fees are paid by the franchise company.
When you are working with a real estate agent you know that you might purchase the home cheaper if you could find a similar home for sale by owner. This can’t happen working with Franchise Empowermentto find a franchise. Franchising is regulated by the Federal Trade Commission, an agency of the federal government, and the franchise company can never charge you more because they paid a fee to Franchise Empowerment.
When you buy a business opportunity, you may also be buying a proven method of doing business, but this method may not be followed by all of the owners in the system. This is typically not a problem because the consumer does not know that you and the other owners all purchased from the same business opportunity seller. This is because you are not operating under the same name or trademark. It depends on the business opportunity whether or not you get ongoing support.
There may be a hot “fast food” franchise. However in talking about your lifestyle goals, you have indicated that you want to buy a business so you want to spend more time with your family. In the past, you missed coaching your son’s soccer team or you weren’t available for your daughter’s dance recital. Because of your lifestyle goals, the hot “fast food” restaurant really should not enter into the equation because this is the type of franchise that will be very demanding on your time.
Also, maybe the “hot” new franchise is a new concept that has not been out long enough to have proven itself. If you are not a risk taker, then you would be better off looking at a franchise that has been around and has a proven success record, but may not be considered “hot”.
We will help you match your personal skills, abilities, goals, and personality to the best franchise options for you.
- Why do you want to own your own business?
- Have you owned your own business before now?
- How many hours and what time of day do you like to work?
- Is there a certain location you desire?
- How does managing people make you feel?
- What kind of capital do you have available to start your business?
- Are there partners involved?
- Do you want to have more than one business?
- When do you want to open your door for business?
- Will you be available full-time or part-time?
Once we answer these questions along with several others, we create a personal profile for you and use it to research franchise options. The consultation process makes it easier to match you with the a few opportunities that meet your specific criteria. With just a few opportunities to evaluate, you save a lot of time and effort.
There are over 5,000 franchise opportunities available to you. Sifting through them all can take months for a person without our knowledge of the industry. Many people get frustrated and give up. Using our service can help you avoid this situation and put you on the path to owning your own business that has everything you really want.
It’s not easy to be a part of our inventory. Each company has been thoroughly reviewed from every angle. We have high standards for every aspect of the business. By doing our homework, we are confident that we can offer you the very best opportunities that are just right for you.
Franchisers provide you all the tools to be successful. They will train you prior to your opening. They give you advertising and marketing support that builds your business. Most importantly, they reduce your risk because the system has already been proven to work. Their training and support insure that you will be able to handle whatever comes up along the way.
One excellent resource for financing options is the franchiser. They have solved this problem in the past for themselves and for other franchisees. The will have a good idea of what works for their type of business and will likely have options that make the most sense.