Small Business Articles
Top 6 Small Business Opportunities For The First Time Entrepreneur
April 01, 2009
It can be a bit scary to start a small business, particularly if it’s your first time. Many first time entrepreneurs fail a couple times before finally starting a business that really takes off. In fact, 95% of all small business startups don’t even make it past the 5-year mark in this country. Discouraged? Well, there’s no need to be, because with a small business franchise, you can have an advantage over every other small business startup: a plan and a track record.
A plan is essential for any small business, from the actual business plan to the day in and day out planning, to the plans for growth and new products, with a franchise, all of this work is done for you ahead of time, so you spend more time working in your business and less time working on your business. A track record is something that no small business startup has, but a successful franchise with a track record of success across the country can do a couple good things for you. Firstly, you’ll have a high likelihood of success in your business, if the same business model is working well all over the country; and second, when it comes time to gather investors or apply for a bank loan, you’ll have a much easier time with a successful franchise than with a first time small business startup.
Although a franchise isn’t perfect for everyone, if you would like to take advantage of the benefits that franchising can offer and you’re a first time entrepreneur, take a look at seven of the best options currently available for the first time entrepreneur and see which one suits you best.
1. Revive Energy Vending franchise
The fastest growing sector of the beverage industry for the past few years has been the energy drink. Posting billions of dollars in profits, energy drink companies are always scrambling to come up with the next new drink to keep customers caffeinated and happy, but the next big thing in energy supplements may not be a drink at all. Revive Energy Vending franchise has developed a product called the Revive Energy Mint which provides as much energy as an 8oz energy drink, while also providing valuable vitamins and powerful antioxidants. The best part of this business for the entrepreneur is that the product carries a 285% market, so (for those of you who aren’t great at math) if you move $50,000 worth of product in your first year, you stand to make nearly $100,000 in pure profit.
2. Sure Step
Anyone who’s ever slipped in the shower or on a wet floor (or has been sued by someone who’s fallen) will undoubtedly see the benefit and allure of this home based business. Sure Step provides a floor treatment that makes even the wettest and slimiest floors grip your shoes and prevent slippage. Customers will be floored over this product when they see how an inexpensive treatment can protect them from potential injury or costly lawsuits.
3. American IRA and 401(k) Retirement Plan Rollover
Not since the early 30’s have people been more apprehensive about the stock market than they are in our current economy, so you may be tempted to pull all of the money you have out of stocks and 401(k)’s and sock it away under your mattress. There is however a much better alternative for any budding entrepreneur. American IRA and 401(k) Retirement Plan Rollover is not a franchise in an of itself, but it is a valuable service for anyone interested in starting a small business franchise. This service will assist you in pulling out your 401(k) before retirement age and using it to fund a new small business. When you consider that if you pull the money out on your own, you can get hit with fees as high as 50%, it’s easy to see why American IRA and 401(k) Retirement Plan Rollover is a valuable service for anyone in search of funding for their next small business.
4. Network Communications
As the publisher of the widely distributed Home Improvement magazine, Network Communications is currently seeking ID’s (or independent distributors). Whether you have experience in home improvement, magazine or print or none of the above, Network Communications can fill in the blanks with all of the necessary training and prepare you to own and operate your own chunk of their massive distribution network.
5. Cromwell Restaurant Consultants
One of the hardest parts of starting a small business (particularly a restaurant) is coming up with the startup money and (in many cases) doling out a large percentage of your profits back to the franchise indefinitely. Cromwell Restaurant Consultants has set out to change the traditional food franchise format by helping entrepreneurs start restaurants without having to pay large franchise fees or ongoing royalties. If you’re an entrepreneur looking to start your own restaurant, give Cromwell Restaurant Consultants a call and see if they can help you get on your way to starting your own restaurant small business.
6. Lapels Dry Cleaning
One of the few dry cleaning franchises, Lapels Dry Cleaning can help you get started with your own successful dry cleaning franchise and be making serious income in no time. It’s no secret that dry cleaning is a profitable business, but it can be a difficult business to break into if you have little or no experience. Add in the fact that few people will want to bring you their valuable garments until you’ve proven your business, and it becomes clear that a franchise is a valuable asset when it comes to the dry cleaning industry. Lapels Dry Cleaning is one of the only dry cleaning franchises and with a widely recognized name on your side, plus the training and support provided by the franchisor, you’ll be setup for success in this small business franchise.
Whether one of these seven is right up your alley or not, a small business franchise really does solve a lot of the problems which generally plague a first time entrepreneur. Take a closer look at one of these seven or any of the hundreds of other low cost franchises out there and you’re sure to find one that fits you like a glove and can meet your financial goals as well as provide the freedom and adventure that comes with every small business.
It can be a bit scary to start a small business, particularly if it’s your first time. Many first time entrepreneurs fail a couple times before finally starting a business that really takes off. In fact, 95% of all small business startups don’t even make it past the 5-year mark in this country. Discouraged? Well, there’s no need to be, because with a small business franchise, you can have an advantage over every other small business startup: a plan and a track record.
A plan is essential for any small business, from the actual business plan to the day in and day out planning, to the plans for growth and new products, with a franchise, all of this work is done for you ahead of time, so you spend more time working in your business and less time working on your business. A track record is something that no small business startup has, but a successful franchise with a track record of success across the country can do a couple good things for you. Firstly, you’ll have a high likelihood of success in your business, if the same business model is working well all over the country; and second, when it comes time to gather investors or apply for a bank loan, you’ll have a much easier time with a successful franchise than with a first time small business startup.
Although a franchise isn’t perfect for everyone, if you would like to take advantage of the benefits that franchising can offer and you’re a first time entrepreneur, take a look at seven of the best options currently available for the first time entrepreneur and see which one suits you best.
1. Revive Energy Vending franchise
The fastest growing sector of the beverage industry for the past few years has been the energy drink. Posting billions of dollars in profits, energy drink companies are always scrambling to come up with the next new drink to keep customers caffeinated and happy, but the next big thing in energy supplements may not be a drink at all. Revive Energy Vending franchise has developed a product called the Revive Energy Mint which provides as much energy as an 8oz energy drink, while also providing valuable vitamins and powerful antioxidants. The best part of this business for the entrepreneur is that the product carries a 285% market, so (for those of you who aren’t great at math) if you move $50,000 worth of product in your first year, you stand to make nearly $100,000 in pure profit.
2. Sure Step
Anyone who’s ever slipped in the shower or on a wet floor (or has been sued by someone who’s fallen) will undoubtedly see the benefit and allure of this home based business. Sure Step provides a floor treatment that makes even the wettest and slimiest floors grip your shoes and prevent slippage. Customers will be floored over this product when they see how an inexpensive treatment can protect them from potential injury or costly lawsuits.
3. American IRA and 401(k) Retirement Plan Rollover
Not since the early 30’s have people been more apprehensive about the stock market than they are in our current economy, so you may be tempted to pull all of the money you have out of stocks and 401(k)’s and sock it away under your mattress. There is however a much better alternative for any budding entrepreneur. American IRA and 401(k) Retirement Plan Rollover is not a franchise in an of itself, but it is a valuable service for anyone interested in starting a small business franchise. This service will assist you in pulling out your 401(k) before retirement age and using it to fund a new small business. When you consider that if you pull the money out on your own, you can get hit with fees as high as 50%, it’s easy to see why American IRA and 401(k) Retirement Plan Rollover is a valuable service for anyone in search of funding for their next small business.
4. Network Communications
As the publisher of the widely distributed Home Improvement magazine, Network Communications is currently seeking ID’s (or independent distributors). Whether you have experience in home improvement, magazine or print or none of the above, Network Communications can fill in the blanks with all of the necessary training and prepare you to own and operate your own chunk of their massive distribution network.
5. Cromwell Restaurant Consultants
One of the hardest parts of starting a small business (particularly a restaurant) is coming up with the startup money and (in many cases) doling out a large percentage of your profits back to the franchise indefinitely. Cromwell Restaurant Consultants has set out to change the traditional food franchise format by helping entrepreneurs start restaurants without having to pay large franchise fees or ongoing royalties. If you’re an entrepreneur looking to start your own restaurant, give Cromwell Restaurant Consultants a call and see if they can help you get on your way to starting your own restaurant small business.
6. Lapels Dry Cleaning
One of the few dry cleaning franchises, Lapels Dry Cleaning can help you get started with your own successful dry cleaning franchise and be making serious income in no time. It’s no secret that dry cleaning is a profitable business, but it can be a difficult business to break into if you have little or no experience. Add in the fact that few people will want to bring you their valuable garments until you’ve proven your business, and it becomes clear that a franchise is a valuable asset when it comes to the dry cleaning industry. Lapels Dry Cleaning is one of the only dry cleaning franchises and with a widely recognized name on your side, plus the training and support provided by the franchisor, you’ll be setup for success in this small business franchise.
Whether one of these seven is right up your alley or not, a small business franchise really does solve a lot of the problems which generally plague a first time entrepreneur. Take a closer look at one of these seven or any of the hundreds of other low cost franchises out there and you’re sure to find one that fits you like a glove and can meet your financial goals as well as provide the freedom and adventure that comes with every small business.
