FRANCHISE REVIEWS »

Independent franchisee satisfaction reviews of today's top franchise opportunities

ADVERTISEMENTS



FBR FEATURES »

NEWS | May 11, 2012

Franchise Business Review Launches Search for Top Food Franchises

Franchise Business Review is looking for the best and brightest in food franchising as part of its 2012 Food Franchise Study and Awards. This national project looks at franchisee satisfaction at some of the country’s most popular franchise brands and honors the top franchisors with designation as a Franchise Business Review Top Food Franchise.
more >   comment

SECTOR REPORT | April 26, 2012

Senior Care Franchise Report 2012

Franchise Business Review's special report Senior Care Franchises offers a high-level look at the senior care/home care franchising sector. We explore what services the sector provides, what’s involved from an investment standpoint, what the “typical” franchisee looks like, and how franchisee satisfaction in the sector has fared in the past year. We also identify the top senior care franchises based on our franchisee satisfaction research.
more >   comment

ARTICLE | April 12, 2012

Honest-1 Brings New Blood to Auto Repair Business

The Honest-1 Auto Care franchise opportunity is a general service shop, offering primarily oil changes, brake checks, and other basic services — but two things distinguish the garage from competitors. The tastefully appointed lobby is comfortable and has a fully-stocked play area for children, a coffee maker with French vanilla capuccino and free wi-fi. Two weeks ago, Tom Dombrock and Fred Haynes debuted their latest venture with an Honest-1 Auto Care franchise — an eco-friendly auto repair shop that caters specifically to women.
more >   comment

ASK FBR | March 19, 2012

How long have you been researching a franchise opportunity?

Franchise Business Review wants to know what you're doing in order to find that right "fit", and encourages all those interested in starting their own franchise to answer this simple question - how long have you been researching a franchise opportunity? (Click here to share) 
more >   comment
Home > Blogs

Cruising through the Debt and US Economy

by Dan Hicks

Did you ever wonder what really drives the economy? A little-known fact is that small businesses drive the economy, not the assumed “wars” that many think are the factor behind the economy’s growth.

The nation’s work-force of small businesses, which have fewer than 500 employees, provides most of the nation’s jobs. Inc. Magazine, reported that the U.S. added 50,000 people to payrolls in July, continuing the trend of small increases in hiring that started nearly two years ago. The article also stated that small businesses have created some 715,000 jobs since October 2009.

Small businesses include franchising.

Often, people think “fast food” or McDonalds’s when they think of a franchise, but did you know, that you need liquid assets of at least $250,000 before Mickey D’s corporate will even START the conversation with you.

There are other small franchises that is more cost-effective to get involved in, like “We Do Lines” which is a business that has seven locations and specializes in painting those white and yellow lines in parking lots. Wow. Do you know how much it would cost to get into that franchise business? It runs between $77,000 and $133,000 for your investment, including a $25,000 initial franchise fee.

You may wonder how the US Debt Bill may affect the small-business owner who is dealing with an unstable economy and decreased consumer spending and confidence. You must be forward thinking in your planning and plan for a small business that offers low investment but offers a saleable product.

Dan Hicks
Director of Franchise Development
Cruise Planners

Learn more about Cruise Planners at topfranchises.franchisebusinessreview.com.

 

You must register to post a comment. Registration is quick & easy. If you are already an FBR member, click here.
First Name:
Last Name:
Email:
Password:
Confirm Password:
Receive updates, notifications and special offers from Franchise Business Review
 
Comment:
Verification: CAPTCHA Image
[ New Image ]