When the term franchise is mentioned, most people think of retail stores and restaurants that mainly serve products to the general consumer public. These types of businesses usually require a large investment and a full-time commitment. That is intimidating to many people who would like to have their own business, but prefer to start out small — without having to lease a location and manage a staff, payroll and inventory of goods. Some individuals prefer to work on their own with no overhead to worry about.
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First of all, not everyone is cut out to be a franchise owner. Anyone who wants to run their own business typically wants a certain degree of freedom to make decisions and call the shots. Franchisees, even though they own their own businesses, must be able to follow rules and run the business by the book, an “Operations Manual” which details all business procedures. (more…)
Americans love their pets, and people are spending lots of money on their favorite critters. It’s estimated that $48 million per year is devoted to pet care – and that amount is at least double what it was a decade ago. Pet care is a booming industry. According to Business Week magazine, 63 percent of US households have at least one pet. That’s 71 million homes – a huge market for all kinds of services. (more…)
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