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Why Franchising? |
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The phenomenal success and growth of the
franchise business model in the U.S. continues to create viable
business opportunities for qualified individuals in Arizona and
beyond. There are
currently over 532,000 franchise businesses in the U.S. alone. (A
new franchise opens somewhere in the U.S. every 8 minutes!)
Franchising currently accounts for 40% of all retail sales in this
country, nearly $760 billion worth and growing. Simply put,
franchising is and continues to be the most successful business
model for distributing goods and services in the economic history
of the world. |
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Advantages Of Franchise Business Model: |
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The primary reason you should consider
franchising is it gives individuals the opportunity to go into
business for themselves with an excellent chance of success at a
minimum of risk. Starting a new business from scratch is
inherently risky. Most studies conclude that over 90% fail within
3 to 5 years. In comparison, U.S. Dept of Commerce studies have
shown that over 92% of franchised businesses are still operating
after 5 years. |
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Why Franchising Works- Other Benefits |
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Established products or services: A franchisor offers a
product or service that has been successfully developed,
tested, refined and sold. |
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Marketing Assistance: This includes assistance in developing
effective marketing plans for a local market. In addition the
franchisor has resources and experience to develop regional
and National marketing programs that benefit all franchise
owners. |
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Start Up Assistance: Established franchisors have the
experience and knowledge to help new franchise owners
transition from a start-up to a profitable ongoing business. |
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Management Assistance: The franchisor is able to transfer a
wealth of knowledge on how to successfully manage and operate
a new business. |
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Brand Name Recognition: Established franchisors can offer
National or regional brand name recognition. |
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Financial Assistance: Established franchisors can often offer
assistance in financing a new franchise either directly or
through arrangements with other lending institutions.
Generally it is much easier to obtain financing for an
established franchise than a start-up business. Much easier. |
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Proven System & Business Model: An established franchise is able to transfer a
proven and refined system of operations. This includes
operating and management efficiencies developed by the
franchisor. Uniform operational standards such as quality
control benefit all franchise owners |
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Choosing A Franchise: |
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With over 3,000 franchise opportunities to
choose from in the U.S., finding the one that best fits your
specific needs and objectives can be a daunting process. Here a
just a few basic questions you should ask yourself when
considering a specific franchise: |
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Dose it fit into any areas of your interests? We believe that
finding a business that you like and will enjoy working at
should be a major consideration. |
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What are your skills and experience levels in business in
general? Do they compliment the franchise you are considering? |
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How many dollars do you have to invest? |
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Arizona Franchise Opportunities Information: |
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