The Culture of Business
The U.S. Small Business Administration has some great tips for those looking to start a home based franchise.
More often than not, when we think of franchise opportunities, we tend to think of businesses with a physical Main Street, strip mall or commercial office presence, (think Subway, 7-Eleven or Keller Williams Realty). However franchises can be found everywhere, including your home.
According to Franchise Direct*, home-based franchises are now one of the most popular franchise sectors out there. A trend that aligns closely with data from the Small Business Administration that reports that home-based businesses now account for an estimated 52% of the 29.6 million small businesses in the U.S.
I;s not hard to see why. Operating a franchise out of your home combines the best of both worlds- providing the flexibility and affordability of operating a home-based business with the low barrier of entry that franchise business ownership can (sometimes) bring.
And the good news is that more and more franchisors (those are the folks who operate the franchise and whom you enter into a contract with) are either adding home-based options to their franchise programs or are focusing exclusively on the home-based distribution model in order to reduce operational costs.