Can afford a Home Based Franchise?

So, you are looking for something better to do in life. Want more time for yourself and your family. Your want more freedom and control in your life. Someone told you that you can run your business by investing in a franchise, and then have the good life!

Wow, that sounds great! How do I start? It 'easy? Can I do it? What does it cost? Big questions, lets look at them.

How do I start? You must first do your due diligence and research what is out there. You're doing it right now. This is a good start. You can go look at Entrepreneur.com and basically all the concessions out there, there are many to choose from. This article is just a small starting point, just somewhere to start to think that in the right direction.

It 's simple, can I do? Most franchises offer an excellent education, would not otherwise have a good record of success and their franchises would not be worth much. What we want from you is commitment and dedication. It does not take a scientist to be successful. It takes someone with a burning desire and some very important reasons for wanting success. Reasons such as the education of your children and your retirement. Your desire to help others succeed and be able to help charities in other ways. You have to have more heart talented.

What does it cost? This is where the rubber meets the road. This can make or break your wishes. This is what I put out the concessions. The cost is pretty steep in my opinion. We see a couple of examples from the top 10 for 2009:

Jani-King - commercial cleaning service, franchise tax with a customer base and tax expenses depending on the size of the initial base.

Total investment - $ 11.4K - $ 35.1K +

Franchise fee - $ 8.6K - 16.3K +

Rights in the course fee - 10%

This does not seem to be a user-friendly home based business. Would not be out of your garage.

Next on the list is Servpro - Insurance / disaster restoration and cleaning.

Total investment - $ 100.3K - $ 161.2K

Franchise Fee - $ 40K

Royalty fee for the course - 3 -10%

Sounds like another brick and mortar - it is a home based business. These are all listed under 10 home based franchises for 2009 on entrepreneur.com.

Now we have all heard of Snap-on Tools. You've seen their trucks around garages and car dealerships.

Total investment - $ 17.6K - $ 281.96K

Franchise fee - $ 5K - $ 15K

Royalty Fee Course - $ 102 mo.

So looking at this list, the majority of franchisees are small businesses with respect to home based businesses.

They all have a high entry level start up costs, and have ongoing royalties that must be paid. It seems that in so many ways that are not much more than an employee. You must do everything their way, buy your supplies from them, and then give them part of your income.

I believe that a true home based business, rather than a franchise, it would be worth looking into .......