Franchise,trends,for,2013,Lewi business, insurance Franchise trends for 2013
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by Lewis Trio©The Best Franchises To Own 2012How can Mick Jagger help you select a franchisefor 2013? Remember their song.......Timeis on my side.? [Rolling Stones 1964]Businesses that can save the consumer time will continue to grow in 2013. Homecleaning franchises lead the list. The best companies are netting franchiseoperators $250K per year. These companies prefer executives who aretransitioning out of the corporate world and are well equipped with theskillsets needed to operate this type of business. One company boasts that over50% of their franchise operators have an MBA degree. They did not contractduring the recession and should really flourish as more and more people returnto the workforce in 2013. The home cleaning franchises continue to generate thebest franchise operator feedback. No accounts receivable and they are scalablebusinesses, meaning that you dont incur expenses until you have income. With their repeat business youcontinue to build layers of new business year after year.Lawn care, home painting, and other home maintenance services willalso do well. As consumers who are working longer and harder than ever want andneed their personal time to recharge their batteries and spend time with theirfamilies. Senior care franchises will continue to grow in 2013. Although nowwith over 40+ franchise companies competing in this sector very careful careshould be taken in the selection process. Careful consideration to thecompanys experience and feedback from existing franchise operators should becarefully evaluated. The franchise companies that are best prepared toincorporate some of the technology which is widely available will be theleaders for 2013. Restaurant franchises will continue to struggle with the thought of"national healthcare" keeping most franchise owners up at night. Andwith the renewed organizational efforts of unions, this could really be anightmare for franchise owners. Franchise companies are increasingly addingmobile units to their franchised inventory. And many will be convertingexisting company owned restaurants to franchise operated to prop up theirperformance numbers. Franchise Financing will remain tight in 2013, driving new business ownersto use their 401Ks for working capital. Using a 401K specialist they can movethe money out of the 401K without penalty and the new franchise owner can takepressure off their new business by not have to begin debt service on the loanuntil they are ready. For those who are looking for capital and dont have a401K to borrow from they will not find much sympathy from their bank. WellsFargo is the leader for small business loans but most of their loans areexpansion capital for established businesses. New business owners will have tocollateralize their loan with assets other than the businesses.
Franchise,trends,for,2013,Lewi