Smart Ideas: Businesses Revisited

How to Get Started with a Home-Based Franchise

A home-based franchise may appear to be an easy-peasy way of starting a business. It can cost as small as $5,000 initially for a minimum-investment franchise, as against the massive amount you’ll need for a storefront. As a franchisee, you can enter practically any field you like, from tax preparation to from child care and more. You can take advantage of all the brand recognition and proven marketing strategies of a known business without leaving your own home.

Sound easy? Perhaps not. Truth is, starting an at-home franchise can leave you tangled in a complex corporate contract and responsible for far more than you wanted. This is, after all, is an investment, and to ensure that investment pays off, you need to research carefully and buy smart, particularly if you’re bringing business into your home.

In any case, you’re likely making a life-changing decision. It makes no sense to start a business that you’re halfhearted about simply because it’s home-based. The good news is that franchising is made for success. Simply find that brand that fits you and your home to a T.

The most critical point to consider here – even prior to checking out franchises – is whether or not you can work effectively at home. Bear in mind that working from home is still work in every sense, and it won’t straightaway come with the freedom you might seek.

Franchisees usually say it’s worth it, though it is quite a lot of hard work. If you’re easy to distract (think kids, your favorite TV show, etc.

Note that this is full-time work, and you might have to work long hours. You can’t expect your home-based business to grow if you treat it as merely an after thought. In fact, you can’t make any type of business grow or succeed if that is your mindset.

So before you begin, decide if you are okay with the long hours. Do you even think it’s realistic? Are you happy to work in a solitary environment? Do you have enough room for an office or a working area at home? Do you have the funds required to pay for your start-up costs?

If you’re ready for all these things, then proceed and explore your franchise options. You have to do something you love, but do check with your local government whether or not your home is zoned for the type of business you have in mind. Besides, you’re likely going to stick with a business that you completely enjoy. After that, there are lots of well-known websites where you can look for opportunities in your chosen industry.