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It’s not surprising to learn that many baby boomers expect to continue working in their “retirement” years — and many want to run their own businesses. According to AARP, 16 percent of workers over 50 are self-employed, with the numbers peaking at 24 percent of women at age 66, and 38 percent for men at age 65. (more…)

You’ve heard it said about real estate, and it also applies to franchises: Location, location, location!

No matter how exciting the franchise concept, no matter how well known the name, location matters more than anything for any type of business that relies on people coming into the premise. If your franchise location is not sited in a place that will draw customers, your business cannot succeed. (more…)

The many health and beauty-related franchises that currently dot the landscape testify to the enduring popularity of businesses that cater to the public’s desire to look and feel their best. Americans place high value on good looks and health, and are willing to pay premium prices to achieve an ideal image. (more…)

Prospective franchisees typically must borrow money to start up their new venture. Most people get financing through a bank or lending institution. But there is also another option for financing a franchise that is not so widely known but which offers some real benefits over traditional financing – using your IRA, 401(k) or other retirement accounts to fund a new franchise business. (more…)

After you’ve gone through all the hurdles of finding the right franchise and getting approval from the franchisor for your proposed business, there is still one more obstacle looming ahead – funding the franchise start-up. You will have to win over a bank manager or loan officer, and to do that you need two essentials: A sound, organized business plan; and a well-rehearsed presentation. (more…)