Thursday, July 30, 2009

Denver Business Franchising vs. Start-ups

A Denver Franchise opportunity has numerous benefits over starting a business on your own. The major reason why it pays to become a franchisee is that you are much more likely to still be trading profitably after five years of trading. Over eighty percent of new start ups fail within the first five year! It is much more reasonable to seek for and invest in a Denver business for sale.

When one buys a business through a Colorado franchise. they receive a detailed, introductory training program. This covers all aspects of running a business. The training program is critical in ensuring that a business runs smoothly. It is the franchiser's interest for the Denver franchisee to succeed as then he receives higher royalty payments. This also serves to attract new people to their franchise system. The more that they succeed with their business, the easier it is to attract quality people to consider investing in a Denver business for sale.

The Colorado franchisee also benefits from all the logos, stationary, brochures and websites that have been created. Someone starting a business on their own has to spend a huge amount of time in just creating a brand image. Most lenders are willing to offer a higher percentage of funds required to start a business to potential franchisees than if they were starting a business on their own. This is because they recognize the potential of buying a Colorado Springs franchise. They also have to protect their investment in the business and realize that their money is much more likely to be repaid by someone buying into a franchise. The franchiser even assists the franchisee with the territory. Usually this advice is free unlike when one starts a business on their own. The market research and advice on territories likely to succeed might have cost the franchiser a serious amount of cash but is yours for free if you buy into his systems. The franchiser will even help the franchisee to secure planning permission using their knowledge acquired through years of experience.

Trying to tackle this maze on your own without paying for specialist advice is a minefield. Paying for specialist advice costs a small fortune which is why most new business owners do not do it. By buying into a franchise business almost nothing is left to chance. Your stock levels are predetermined by the franchiser and have been based on years if not decades of experience. Starting a business is only the first phase in achieving profits. This is where the ongoing support and further training if required comes in. Most franchises Denver provide further training at favorable prices. They only usually try and recuperate their costs without trying to make a profit on their training programs.. When it comes to advertising on a national scale, the franchiser can achieve true cost savings. They can negotiate national rates and then spread the costs throughout their franchise network. The franchisee does not need to worry about the logistics of creating an advertising campaign and benefit from the expert knowledge of the Colorado franchise. Source: Naz Daud (ezine articles.com)


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