Tuesday, January 18, 2011

Determining the Best Home-Based Franchise for You

Here are several considerations in evaluating a franchise for your home-business setting:

*Request the Uniform Franchise Offering Circular (UFOC) and copies of their franchise
agreements that interest you, to acquire a  better understanding of their operations.
Make a list of questions to ask about anything that is unclear.

*Visit several of the operating franchises and talk to their franchisees
for their feedback about working with the franchise company.

*Visit the franchise's headquarters and ask permission to observe
the training sessions.

*Ask about the company's expansion plans and whether their franchises
have exclusive territories; or do they compete against one another.

*Ask if this franchise can be operated from a home-based office.

*Consult with a lawyer familiar with franchise agreements.

Investing in a franchise provides the franchisee (the investor) with
a turnkey operation and a company's backing.

Suggested Resource:

International Franchise Association - www.franchise.org

Monday, January 3, 2011

Fun Holiday Money-Making Ideas

Though the November and December holidays are over, here are some
money-making ideas to help those who have too many items on their
"to do" lists for any holiday:

*Make holiday cookies, cakes, treats, snack trays (need a food license).

*Do on- and off-line shopping.

*Find the best travel bargains.

*Decorate clients' offices, personal homes, realtors' for-sale houses.

*Use your artist skills to window paint holiday figures for businesses with storefronts.

*Address holiday cards.

*Offer sitter services for parents; pet-owners.

*Take seasonal pet photos for personal holiday cards.

*Organize parties.

Your idea?

Next: Tips on Investing in a Franchise