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As a business consultant specializing in franchise solutions for clients – each day it is pleasing to work with individuals from many parts of the country eager to become business owners. While business ownership has been referred to as the “American Dream”, many dream for years of the rewards but few actually grab the baton and run with it. Why? The reasons are many but the first and obvious reason is risk.
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If risk is an obstacle, can the risk of ownership be managed? I believe it can and one of the best ways is to pursue being your own boss can be through the purchase of a premium franchise that has been tested and proven over years of experience, supported by a quality corporate team. It is interesting to note that after 5 years of franchise ownership over 9 of 10 owners are still in business while those that go it alone have a 90% failure rate in the same time frame. Equally impressive is that at the 10 year mark over 8 of 10 franchise owners still own the business. In other words…not only do franchises survive at high rates as a result of proven plans and methods…but most that acquire them remain as owners. Over time the business stabilizes, prospers, produces income, and maybe more importantly builds equity.
Universal Business Concepts will arrange a phone conversation to gather information about your business goals and preferences. The franchise consultant will interview you to gather information to help identify a franchise that will meet your personal, professional and financial goals. The franchise consultant will send you a Confidential Questionnaire that will provide additional information about you and the kind of business that will be best for you and your family.
Once Universal Business Concepts has the information; the two of you will discuss franchise types that match your criteria. The franchise types will be narrowed down to those that you feel best fit your goals. The franchise consultant will identify appropriate franchises and present them to you for your review.
Once you have chosen franchises that you wish to further investigate, the franchise consultant will contact the franchisors and have them forward the appropriate information and disclosure documents. The franchise consultant will also place you in direct contact with the appropriate franchise representative. Universal Business Concepts will help you with questions to ask the franchisor, and will be available to you throughout your investigation. Ultimately, it is your job to conduct a complete and thorough investigation.
Let us help you with this confusing process we have done the home work!
Avoid....
- Spending a tremendous amount of time and effort trying to find the perfect franchise, but never finding it.
- Settling for the wrong franchise, when one of their competitors might have been a better investment.
- Purchasing a franchise that does not offer adequate training or support.
Contact us today get started being your own boss
