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(FS2) Franchise Series 2 – The Many Franchise Options

understanding the franchise

Every year there are more franchise opportunities that you can take advantage of. The only thing that really limits franchisors is their imagination and the skill-set that they have. Franchises can cover more than just food. In fact there are more than 120 different business categories that offer franchises, including car washes, hair salons, dog grooming and so much more. The commonality each of these businesses have is that they each take advantage of franchising as a means of promoting their brand and the services or products they offer.

 

The biggest reason why franchising is so big is that it uses many opportunities in just about every industry hand is ever growing and evolving. There are always new products, services and techniques being introduced. When coming up with your idea for your franchise, the first thing you will need to do is figure out what interests you. Just because restaurants are the most popular form of franchises, it does not mean that this is the way that you have to go. This is not the right choice for everyone and in many cases is not the best option. Keep in mind that restaurants only make up a third of the available franchise opportunities.

 

Different Types of Franchise Opportunities

 

Even though many people think of food related franchises first, remember that non food franchises can be just as lucrative (if not more) and deserve to be considered as well. You want to make sure that you use websites and other sources to determine the franchise portfolio and find the categories that are right for you. Here are the most popular  franchise categories that are out there:

 

 

There is a long list of successfully franchised businesses that encompasses more than this list though. You can find a list of franchise categories as well as information on franchises at franchiseconduit.com. If you want to get into a franchise though, the first thing you will want to do is select a category that interests you or you have experience in. From there you will want to look for a company that not only has an amazing reputation but has the sales to be profitable for you.

 

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April 6, 2015
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