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ARTICLE | May 21, 2012

Family Business: 10 Tips for Managing a Parent-Adult Child Business

A mother and her daughter, who will graduate in May from college, share ownership of a new Home Instead Senior Care franchise business, a partnership that seems tailor-made for these economic times. More college graduates are having a difficult time finding jobs, according to the U.S. Bureau of Labor Statistics. Teaming with a family member has proven successful. According to the U.S. Small Business Administration, family-owned businesses account for 90 percent of all businesses in the U.S. (large and small) and continue to be a powerful force. And senior care franchising is one way to help new graduates get their careers off the ground. 
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NEWS | May 18, 2012

Is Starting a Franchise From Home For You?

Fox Small Business Center offers tips and expertise on running a home-based franchise business.
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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.
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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) 
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Home > Resources

Top 10 Franchises That Cost Under $50,000

by Jan Norman, The Orange County Register

Franchising is huge in the United States. Financial services giant PricewaterhouseCoopers forecasts that there are almost 785,000 franchised establishments employing more than 7.8 million people and raking in $740 billion in sales.

But if you're considering buying a franchise you ought to think about many factors, from the stability and longevity of the franchisor to whether you can afford the costs.

You also want to buy into a good system.

Who knows better how well or poorly a franchising system works than the franchisees?

Every year, Franchise Business Review asks thousands of franchise owners about their companies and then rates the best according to size, by industry category and required investment.

The 2011 top franchises under $50,000 emphasize services, which isn't surprising. Restaurants, which are probably the largest group of franchisors, have real estate and equipment costs that put them out of the reach of many would-be franchisees.

Low cost is nice, but experts recommend looking at more than the numbers.

Mark Siebert, CEO of iFranchise Group, recommends two factors: a franchise build around a great concept that has an innovative product or service and a strong customer base; and a system whose top priority is the franchisees.

(Click here to read original article.)

 

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