Compromising position. (Savvy Solutions).Q I am interested in opening a janitorial company part time while working full time. Would you recommend opening a franchise or starting on my own? I thought about the franchise but was scared I would owe them forever. --C. Yerby Via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the A For entrepreneurs, starting a franchise means making compromises. You benefit from an infrastructure that's already in place (such as a distribution network and suppliers), as well as brand recognition, training programs, advertising, and marketing. Sometimes a franchisor will even help with your financing. But as clearly mapped out as the franchise route may be, keep in mind that there are some concessions you would have to make if taking this route to entrepreneurship en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. . Depending on your personality, you might not like giving up control of how you run the business, which the franchisor determines. You will also pay royalties to the franchisor. And depending on the franchise agreement, selling the franchise, if you so choose, can be difficult since the franchisor has to approve the buyer. So while being part of a franchising network can increase your odds of having a successful business, it's not without trade-offs. Don't forget to obtain a copy of the franchisor's disclosure document (also called a Uniform Franchise Offering Circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. ) and get a copy of the Federal Trade Commission's Consumer Guide to Buying a Franchise. The guide, which offers lots of advice on how to choose the right franchise, is available at the FTC's Website: .ftc.gov/bcp/conline/pubs/invest/buyfran.htm. You can also find some franchising resources at www.blackenterprise.com. Mail your small business questions to Savvy Savvy® Gynecology A contraceptive vaginal gel that ↓ transmission of STDs–eg, HIV, chlamydia, gonorrhea. See Contraceptive. Solutions, BLACK ENTERPRISE 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to hughesa@blackenterprise.com. |
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