If you're tired of working for someone else, have the desire to be your own boss, and have also always had a bit of an entrepreneurial streak, then it's a great idea to look into a franchise opportunity. These are a great way to open up a business and then fulfill your dream of being your own boss. There are many reasons to look into a franchise as opposed to trying to start your own business from scratch. Some of them include a huge support network, established logistic support, not to mention immediate brand awareness. You don't have to try and build up a brand from scratch. So, if you've already read up on the benefits of franchises, the next step is to pick out the particular area you will want to invest in. There are franchises in virtually every sector, so this article will go over some of the different you should investigate.
A Restaurant-Style Franchise
Year in and year out the most popular franchises are restaurants. They can be an expensive investment, but they are popular for a reason. Travel to any neighborhood and you will see that there are plenty of fast food places. They are almost recession-proof since their business model is cheap and affordable: food served fast. Many fast food restaurant owners enter into a limited partnership and pool their resources to buy something. The benefits to buying into a restaurant franchise is that you will have immediate brand recognition in your area, so people will already have a knowledge and in many cases a love of your product.
A Hardware Store
When you were growing up, you might have had a mom and pop store nearby that was your local hardware store standby. However, these have become less popular. Many people now frequent chain stores that sell tools and other home improvement items. If you're someone who has a background in contracting or home improvement, then you should investigate one of these franchises. This is especially good if you already have a knowledge of tools and equipment. They can be more easy to operate than a food establishment where you would have to have cooks, waiters, and other staff and handle perishable supplies.
An Ice Cream Franchise
If you're not big on tools, and you'd like to open up a food style establishment, but are a little intimidated by a full menu, you could always opt for an ice cream store. These are fun and easy enough to operate. You have one basic product to handle, and a reliable customer base. During the summer, you have all sorts of people stopping in, and year-round, you can sell cakes and other sweets to people for their children's birthday parties.