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HOUSTON BUSINESS REVIEW
Achieving Your Dream
By Adrienne Leigh
Adrienne Leigh is the President of FranNet of Houston, a franchise consulting firm that provides coaching to clients who are exploring franchise opportunities. She has over 20 years of experience in franchising and entrepreneurial start-ups. Each week, she will provide comprehensive information on the $1.5 trillion franchise industry.You can reach Addrienne at 713-586-8836 or via email. To learn more about Adrienne Leigh, check out her here
Franchising is a great choice, but it is only one option for getting into business. It is always good to understand your options and determine what is best for you. Every choice has its advantages and disadvantages.
The three basic options are:
- Start a business from scratch
- Buy an existing business
- Purchase a franchise
If you start your business from scratch, you are limited only by your imagination, but there is no proven system, no correlation between investment and profit potential and no support after purchase. The business has unknown risk factors, is not attractive to lenders, results can be difficult to predict and any necessary changes are up to the owner to implement.
If you buy an existing business, availability is limited, but there is a proven system, the correlation between investment and profit potential are high, there is some limited support after purchase and potential lenders may be more interested. However, the seller could have hidden motives, results are based on historical data and any changes to the business are still up to the owner to implement.
If you purchase a franchise, there are many available markets with a proven system in place. There is no correlation between investment and profit potential yet the support after purchase from the franchisor is high. There may or may not be high risk factors in individual franchise systems, and any needed changes may be limited by a franchise agreement. Still, lenders find franchises very desirable investments and results projections are based on current data from other owners in the system
Coming Next Week – Can You Do It…Do You Have What It Takes?
FranNet - The Franchise Connection provides FREE SERVICES for those looking to purchase their own franchised business. Ethical, experienced consultants give guidance, information and support while coaching clients to achieve their goals safely and affordably.
Meet real franchise experts and ask them questions, live!
FranNet - The Franchise Connection will be offering a series of free webinars, and seminars, each featuring a specific franchise opportunity, with valuable insight from an experienced FranNet expert.
Upcoming Webinars
- Friday, November 3rd @ 1:00-3:00 pm Central – Franchising – Is Business Ownership Right For Me??$$
- Thursday, November 9th @ 7:00-8:00 pm Central – Franchising As a Career Alternative
To register or to receive your personal Blueprint For Success and a free consultation with Adrienne Leigh, president of FranNet of Houston. Call 713-586-8836 or email aleigh@frannet.com Visit our website at www.frannet.com
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NONE OF THE OPINIONS EXPRESSED HEREIN ARE THOSE OF HOUSTONBUSINESS.COM™, THE HOUSTON BUSINESS SHOW, THE HOUSTON BUSINESS REVIEW, OR ANY OTHER FIRM OR COMPANY REPRESENTED OR REFERENCED HEREIN. FOR ADVICE OR OPINION, WE SUGGEST YOU CONTACT A QUALIFIED PROFESSIONAL OF YOUR OWN CHOOSING.
Adrienne Leigh
- Sound Decisions - What Should I Know About Franchise Rregulations and The UFOC? (March, Issue No. 1, Thursday Edition)
- Challenges to Finding the Right Franchise For You: Why Looking on the Internet can Actually Steal Your Dream of Business Ownership (January, Issue No. 3, Thursday Edition)
- Making a Sound Decision - What Questions Should You Ask Franchisors? (December, Issue No. 2, Thursday Edition)
- Franchise Selection Decision Plan (December, Issue No. 1, Thursday Edition)
- Solidifying Your Financial Plan (November, Issue No. 5, Thursday Edition)
- Business Preferences Questionnaire (November, Issue No. 4, Thursday Edition)
- YOUR Business Model (November, Issue No. 3, Thursday Edition)
- Framework of a Successful Franchise (November, Issue No. 2, Thursday Edition)
- Can You Do It? Do You Have the Drive? (November, Issue No. 1, Thursday Edition)
- Achieving Your Dream (October, Issue No. 4, Thursday Edition)
- So You’ve Found a Franchise… Now What? (October, Issue No. 3, Thursday Edition)
- Tired of Corporate America? (August, Issue No. 2, Thursday Edition)
- Myths vs Facts when Deciding if Franchising is Right for You – part 2 (May, Issue No. 1, Thursday Edition)
- Myths vs Facts when Deciding if Franchising is Right for You – part 1 (April, Issue No. 3, Thursday Edition)
- How Do You Choose A Franchise Consultant? (April, Issue No. 2, Thursday Edition)
- The Benefits of Owning a Franchise (April, Issue No. 1, Thursday Edition)
- Do You Have What It Takes To Be A Franchisee? (March, Issue No. 5, Thursday Edition)
- Adrienne Leigh – Houston Business Show Advisor on Franchising (March, Issue No. 4, Thursday Edition)
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