Franchises and franchising for baby boomers
"Wanted: female entrepreneurs
(franchises for women over fifty five)".
If you saw a sign like this on
the Internet, you might think that you are the person they are looking for.
Female, fifty five years of age and interested in entrepreneurship. This might be your golden opportunity. Matching a
fifty five year old female with a perfect franchise or a business opportunity,
can present a challenge.
"Don't let an opportunity
slip by, as it may never come again." (Chinese proverb)
Different kinds of franchises:
"Is there more than one kind of franchise?"
There are three different kinds
of franchises. ie. government franchises, business franchises and political
franchises. A fifty five year old female may be interested in purchasing a
business franchise.
Defining the word Franchise:
"Define franchise for me,
please?"
"Authorization granted to
someone to sell or distribute a company's goods or services, in a certain
area." (1)
The entrepreneur receives a
license from a corporation allowing her to sell or distribute goods or
services, in a designated area.
Understanding franchises:
"What are
franchises?"
"A business or group of
businesses established or operated under such authorization." (2)
This is an actual business or a
number of businesses set up to operate as franchises. These allow the person
who has purchased the franchise, for a fee, to market a product or service and
to receive a percentage of the gross sales. The company assists with
advertising and merchandising.
Franchise opportunity:
"What is a franchise
opportunity?"
A franchise opportunity may
offer the following to the franchisee: a recruitment program, a training
program, assistance with developing the business, support from head office, a
functional business plan and a product or service currently in demand.
How to learn more about franchise
opportunities:
"How do I find out more
about franchise opportunities?"
The web site
www.franchiseopportunities.com is an information web site about franchises.
Another site, more specific,
with respect to franchise opportunities for women is
http://www.franchisesforwomen.com. Here, women are assisted in finding their
ideal franchises and encouraged to become involved.
Franchises for sale:
"Where can I find
franchises for sale?"
FranchiseGator, a subsidiary of
Microsoft, promotes a web site on franchises, that are safe and specific for
women.
https://www.franchisegator.com/Selector/womens-franchise-opportunities/
*Franchise business and
franchising:
"How do I know that the
franshise business is legitimate?"
The Federal Trade Commission
discusses regulation of franchise and business opportunities on
http://www.ftc.gov/bcp/franchise/netfran.shtm
This website is designed to
protect consumers, including women purchasing franchises. Browse this web site
prior to investing, as making any purchase should be a buyer beware scenario.
Appropriate research is recommended.
(1)
http://education.yahoo.com/reference/dictionary/entry/franchise
(2) Ibid.
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