Tag: franchise options

4 Franchise options to get you started on your first business

Starting a business for the first time is extremely difficult, which is why many new entrepreneurs turn to franchise opportunities to help them get started.

Starting a business for the first time is extremely difficult, which is why many new entrepreneurs turn to franchise opportunities to help them get started. With a franchise, you’ll have a template for running your business that makes it easier to get off the ground. Here are four types of franchises that are suitable for first-time business owners.

Ice Cream or Frozen Yogurt Parlor

If you’re interested in getting into the food industry, securing an ice cream or frozen yogurt franchise is a great way to begin. These establishments will require you to learn the basics of ordering, inventory and safe food handling without forcing you to manage a full-scale restaurant menu. This kind of franchise can also be quite profitable, especially during the summer months when people are looking for cold treats.

Cleaning Service

For people who are great at meticulous cleaning, starting a cleaning franchise can be an excellent option. These franchises can often be run as a single-person operation, though you will also have the option to expand by hiring on more staff. The overhead cost is also fairly low, since you’ll mostly only have to buy basic cleaning supplies. Cleaning franchises can be especially lucrative if you secure commercial clients who need office spaces cleaned regularly.



Yard Sign Business

A yard sign franchise is a good option for creative people who are passionate about helping customers promote events, sales or causes. Believe it or not, there’s a reasonably large market for custom yard signs and relatively few businesses out there to create them. Although it may not be a niche that you’ve thought of entering before, getting into the yard sign industry can be a fantastic opportunity for a first-time business owner.

Power Washing Service

Power washing is important for keeping homes, buildings, driveways and parking lots clean and in good shape. While some property owners have their own pressure washers, many choose to outsource this task to professionals. Owning a pressure washing franchise is a good choice for people who love to be outdoors since almost all of the work will be done outside. Despite its low cost of entry, owning a pressure washing franchise can make you some serious money once you’ve built up a decent client base.

Of course, there are thousands of different franchise opportunities out there that will allow you to start your own business. For new entrepreneurs, though, these four are among the best and most approachable options.



4 Different franchise options to explore for your first business endeavor

Franchises are a great option for those looking to make their first business endeavor. They’re fairly easy to follow and there are different types that require different amounts of input from you.

If you’ve decided that you want to start your own business, you may not have an idea of what type of industry you’re going to get into. Franchises are touted as some of the best out there as they give you a cookie-cutter format that you can easily follow. Here are four different types of franchises that you can consider for your first business endeavor.

Job Franchise

This is typically the most inexpensive franchise to get started in. Most are home-based and can be operated with little staff. When signing up for this type of franchise, you’ll be responsible for a franchise fee and a minimal amount of startup costs. Some common industries include residential lawn care, pool maintenance, plumbing, event planning, cleaning services, and cellphone repair.

Investment Franchise

For those who have lots of money to invest but don’t want to personally put in a lot of time, investment franchises may be the ideal route. These include things like real estate investment franchise for salon suites, large restaurants, and hotels. You’ll be a major investor who provides the funds, and in most cases, you can provide your own management team to oversee the day-to-day operations of the franchise. This is the most hands-off approach for any category of a franchise.



Business Franchise

A common type of franchise that most people think of when they hear the term is the business franchise. This is where you can get the cookie-cutter system that you simply need to employ to be successful. Apart from paying initial setup fees, you’ll owe the parent company a percentage of your revenue each month. Common business franchises are fast food companies, retail, fitness, and restaurants.

Product Franchise

Product or distribution franchises tend to be the most popular type of franchises utilized. They essentially give you permission to use their branded trademark to sell to customers. Some examples of this category include appliances, computers, car parts, vending machines, and large equipment. This type of franchise doesn’t usually come with a business strategy, rather, it’s just getting a license to sell someone else’s products and/or services.

Franchises are a great option for those looking to make their first business endeavor. They’re fairly easy to follow and there are different types that require different amounts of input from you. We’re sure that you can find one franchise category that will be sure to meet your expectations as well as your time and financial commitment.