What If A Franchise Was Run Like a Typical Home Based Business and Residual Income?Written by Nick A. James
Have you ever wondered how a Franchise would do if run like a typical home business? This might give you some idea.
There is something that is long as I live I will never understand. Well I suppose actually there are several things, however right now this is business focused. That something is residual income. I just canít for life of me understand how someone can go through life and just continue to work at a job with no plan for residual income. I suppose many people just canít comprehend that they can have money coming into them while they arenít working.
There are a number of ways to get residual income like writing a book, or a song. However, these are tough occupations to succeed at.
One of very best ways to have residual income is good home business in Network Marketing. Network marketing has been criticized, poked fun of, ridiculed and worse. But itís here to stay and itís popularity is growing. Often called poor manís franchise, with right company, product and timing a person can actually do much better than a franchise without expense and headaches that so often accompany a franchise.
Think about this, what would you say is best most successful stable franchise today? Several come to mind but no one can argue that McDonalds wouldnít be at or near top of most lists. So what kind of point am I making here. Simply this, many people argue that home businesses, especially in area of network marketing donít work. Well gee whiz if a McDonalds was run same way majority of people work their home business McDonalds would all go out of business.
Here is how typical McDonalds would be run if run by typical unsuccessful home businessperson.
When itís open Ė I stress word open, (more on this) it would probably be open less than 1 hour a day. The workers would be sitting around pretending to be working, but accomplishing very little. And then suddenly at a whim store would abruptly close, perhaps to open again in a few days or even a few weeks. No schedule or hours of operation would be posted when store was going to be open. After reopening after an absence workers would just be getting back in groove of working again when a half hour later store would close because no customers were coming in. It seemed not knowing when store would be open was keeping them away Ė imagine that. Well after a month or so of no customers store is closed with owner muttering under his breath. ďThese franchise things just donít work!Ē Then he starts telling all his friends, ďI tried one of those franchise things once. They just donít work!Ē
Cabinet Refacing Business OpportunitiesWritten by Randy Wilson
With all cabinet refacing business opportunities out there, you could have a home based business that grows in this expanding industry. Youíve wanted your own kitchen updated, or talked to friends and family who have put out thousands of dollars remodeling theirs. It is an industry that will expand continuously, as homes are getting older and people want a new modern look.
This business allows you work out of your house, but clients will never step foot in your house. Although you will travel to others homes, this is one of best home based businesses available. Cabinet refacing business opportunities allow you to work from your home and not have to incur high costs of overhead.
It is probably best to purchase a franchise in this area. They do most of legwork for you. They have distributors and teach you concepts and how to perform tasks. However, it is not impossible to start on your own in a cabinet refacing business, it just may take a little longer for you to gain all contacts you need, and start getting a profit.
Either way first thing you should do is go to Small Business Administration website. You will be able to find a sample business plan to help you create a cabinet refacing business. This plan is a necessity. Not only will it help you obtain financing, but it will also ensure that you look at all aspects of business, such as licenses, insurance, budgets, and such.
You can pay a business consultant to write your business plan, but you should do it yourself. By doing it yourself, you will ensure you have missed nothing and understand exact amount of money and commitment needed to get this cabinet refacing business off ground. While creating this document, remember, it is dynamic and should be reviewed at a minimum yearly.
During creation of cabinet refacing business plan, you should be researching distributors, or franchises. Figure out which way you are going to go, and plan accordingly. Make your business plan reflect your decision, and use it to help you consider all costs associated with opening your business.