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BENFITS OF FRANCHISING

The following benefits provide a good rationale for starting a business by purchasing a franchise. These must be balanced by the costs or disadvantages.

Lower Risks. Most business experts agree that a franchise operation has a lower risk of failure than an independent business. The statistics on this vary depending on the definition of failure. Whatever statistics are used, they consistently suggest that a franchise is more likely to succeed than are independent businesses.

Established product or service. A franchisor offers a product or service that has sold successfully. An independent business is based on both an untried idea and operation. Three factors will help you predict the potential success of a franchise. The first is the number of franchises that are in operation. The second predictor is how long the franchisor and its franchisees have been in operation. A third factor is the number of franchises that have failed, including those bought back by the franchisor.

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Choosing Business Structure

Which Business Structure Is Right For You? 

While you are considering the purchase of a franchise, you should also begin a process, in parallel to your search, that addresses your financial and tax considerations. Your consultant will generally suggest you begin interviewing small business accountants and financial consultants so that you may have a relationship developed when you’re ready to start your business – but more importantly, so that you’ve had conversations with these experts that will allow you to think through various issues important to HOW you start up your business. If you wait until after you purchase your franchise to have these conversations, it may cause unnecessary delays in your ability to start up your business – and as you know, time is money in the world of business. These issues usually have to do with how you should structure your business, how you finance your purchase, and the tax implications of your franchise purchase. Only your accountant or financial consultant can best answer the latter two issues for you, but we can address structure for you here:

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FASTSIGNS Recognized as Top 50 Franchise for Veterans

World Franchising Network Honors Expanding International Sign & Graphics Franchise; Continues to Offer Enticing Mix of Benefits to Veterans

CARROLLTON, Texas - Continuing to support the men and women who have served in the United States Armed Forces, FASTSIGNS International, Inc., the world's premier business-to-business marketing solution franchise with more than 530 locations, was selected as one of the 50 Top Franchises for Military Veterans by the World Franchising Network.

 As part of a targeted new website and recruitment program for military veterans by the World Franchising Network, the 50 franchises were selected from a list of hundreds of franchise concepts. Highlighting franchisors offering an enticing mix of benefits to veterans, including sizeable and meaningful reductions in franchise fees, among other incentives, the list also took into account the number of operating units owned by veterans within a franchise, as well as the number of veterans in senior management positions.

"We take great pride in being recognized as one of the top franchise opportunities military veterans can turn to as they return to civilian life and search for promising business ventures," said Mark Jameson, Senior Vice President of Franchise Development for FASTSIGNS. "The proven business systems we have implemented, along with the life skills veterans have gained during their service, create the perfect combination to foster future success.

FASTSIGNS welcomes veterans into its system with open arms. Men and women who have served in the United States Armed Forces develop the drive, motivation and discipline needed to become successful business owners. Veterans choosing to join FASTSIGNS are allowed to take advantage of specific benefits. Financially, FASTSIGNS offers a reduced franchise fee of $15,000 for veterans compared to $27,500. Also, with more than 300 markets available, veterans have the flexibility to open a location in their ideal market.

Jameson adds that FASTSIGNS' commitment to helping veterans start new careers has grown over the past years with its active participation in the Veterans Transition Franchise Initiative, known as "VetFran", a national program designed to encourage franchise ownership. Additionally, FASTSIGNS recently secured $4 million in financing for franchisees opening new centers, ultimately creating further opportunities for business ownership. 

"Amazing corporate structure and the satisfaction of other FASTSIGNS owners is what initially grabbed my attention as a potential franchisee," said Kelly Harward, an Army veteran who opened his Washington, Utah, FASTSIGNS location in March 2011. "I felt a true commitment from FASTSIGNS corporate to see franchisees succeed." 

About FASTSIGNS International, Inc. is the worldwide franchisor for the more than 530 FASTSIGNS sign and graphic centers located in the US, Canada, the UK, Brazil, Mexico and Australia (where centers operate as SIGNWAVER). FASTSIGNS sign and graphics centers leverage sign and marketing knowledge, state-of-the-art technology and innovative thinking to solve customers' marketing and communications challenges-from the simple, to the simply impossible. Centers provide consulting, file transfer, design, production, delivery and installation for a full range of custom sign and graphic solutions.

Best Franchises to Own: Why Home Healthcare Is Hot

The franchise world has grown over the past 60 years to encompass nearly every type of business — if you want your taxes done, your sidewalk pressure-washed, your windshield repaired, your house cleaned, your dog walked, or a fast-food burger, franchise owners can do that for you.

Out of all the different franchise types, one franchise sector is growing at an amazing rate right now: the senior care or home-healthcare niche. Of Forbes 2014 Best Franchises list for up to $150,000 investment, three of the top ten are home-health brands: BrightStar, Right at Home, and Synergy HomeCare.

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