All Entries in the "Small Business FAQ" Category
Read posts and articles about frequently asked questions (FAQs) concerning small business and franchise opportunities.
FAQ | What Are The Biggest Disadvantages Of Starting A Franchise
Answer: The bottom line is Franchising is not for everyone. Below is a list of some of the major disadvantages of buying a franchise business that you might want to seriously consider before starting the process of finding and buying a franchise. Lack Of Control: When you buy a franchise business you are going to [...]
FAQ | Are There Part-Time Franchise Opportunities?
Answer: According to our research there are a number of franchises and business opportunities that can be operated on a part-time basis. Many of these opportunities tend to be relatively affordable and are marketed as home-based businesses that are often Internet related or are involved in distribution and product sales. There are also a number [...]
FAQ | What Are Some of The Most Profitable Small Business Categories
Answer: According to our research one of the most profitable categories of small businesses to start today are professional services that offer financial and small business services. This includes services that small business owners can always use like accounting, tax preparation, payroll, legal services, insurance, and web development and marketing. One of the main reasons [...]
FAQ | Can You Buy A Franchise For Less Than $15,000?
Answer: According to our basic research we did not find a lot of legitimate or proven franchise opportunities available today that you can buy for a total investment of $15,000 or under. However, there are a number of franchises that you may be able to purchase with a min down payment of approximately $15,000 or [...]
FAQ | Which Franchise Opportunities Have The Lowest Failure Rates?
Most small business experts and lenders agree that starting a franchise business is safer than starting an independent business. However franchise businesses do fail, and some fail quite regularly. However there are some general franchise categories that do historically appear have lower failure rates than others. Its been my experience that service related franchises for example have a [...]
FAQ | Is It Possible To Buy A Franchise With No Money Down?
Answer: According to my research and experience the odds of buying a legit franchise business with no money down appears unlikely at best. That being said, I am sure there have been a few cases where a desperate or highly motivated franchise owner has sold an existing franchise unit with terms that required no money [...]
FAQ: What Types Of Franchises Have The Lowest Start-Up Costs?
Answer: In general home based franchises and mobile service related franchises tend to have the lowest start up costs because they don’t require the build out of a physical location or generally have expensive equipment or inventory requirements. Other franchise biz categories like tax preparation services and commercial cleaning services for example also have relatively [...]
