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The Alternatives to Owning a Franchise
Find The Right Franchise or Business Opportunity For You
Owning a franchise can be an endeavor that is only taken on by a few because there is so much that has to be considered. Before going much further, consider our Franchise Opportunities Guide found here.
First: When Considering a Franchise
On the one hand the franchise owner is responsible for all aspects of the business franchise, which could be considered a good thing, but on the other hand he is also responsible for personally financing the whole franchise business in the first place. There is definitely no way around the personal and financial commitments that a franchise owner must make. To a lot of people all of this hard work just does not pay off in the end! For this reason there are plenty of folks who actually decide not to own a franchise in the end, but they rely on another technique to acquire the franchise that they want:
Second: The Franchise Partnership
As mentioned, owning a franchise takes a great deal of financial equity and responsibility. This is something that many people are ill-equipped to handle even though they may want to own the franchise all they want! On the other hand, a franchise partnership may be just the option that they are looking for. As in any partnership, a franchise partnership relies on both people being involved in the business. One party makes half of the financial commitment while the other party makes the other half. Of course there could be various other business agreements as well, such as one party may make the sole financial commitment to purchasing the franchise in exchange for the majority of the profits for a time.
Franchise partnerships can be a great way to getting around owning a whole franchise by yourself and it definitely allows one to have greater freedom and relaxation in the things that are done. For example, instead of having to hire everyone by yourself in order to run the franchise then your partner will be equally as responsible for helping to hire managers, assistant managers, and other employees.
On the flip side, though, as quickly as a franchise partnership is made it can also be destroyed. If you have ever heard the saying that it only takes “one bad apple to spoil the batch” then this is definitely true here. Even though one person of the franchise partnership may be in the business for real and conduct him or her self in an honest way, there are plenty of other individuals who may just be interested in making a quick buck and then pulling out! This can be especially disconcerting if the person who ends up negating the contract was the one to have the least amount of financial obligations toward the franchise business.
All things considered, though, franchise businesses are a perfect opportunity for anyone who doesn’t want to own a whole business by himself. These opportunities provide an excellent way for two or more people to be involved so that the responsibilities and obligations, financial or otherwise, don’t all rest on one pair of shoulders or in one single back account.
The Commercial Capital Training Group (CCTG) gives people the training and resources they need to become commercial finance professionals. With a very low startup cost, the ability to work a very flexible schedule out of the home, and a support team of investors and financial professionals available day and night, CCTG offers an opportunity similar to a franchise for around $20K.
CCTG trains people to structure financing between business owners and private lenders. Through this process commercial finance professionals come away with multiple thousands of dollars from deals, and the potential revenue is limitless.
The Commercial Capital Training Group gives people the tools they need to achieve financial independence, while bypassing the marketing, branding, and royalty costs that most franchises charge prospective buyers.