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Finding the Best Franchise Opportunity with Franchise Matchers

By Clint Shaff Subscribe to RSS | June 27th 2012 | Views:
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There are consultants for anything these days, and some of them are people you actually need. One example of a consultant is someone who can help you choose what franchise opportunity to buy into. There are a ton of franchises in the world today, and you can’t hope to weed through all that in your search for the best franchise opportunity. Fortunately, consultants – whether real people or websites – exist, and they can help you.

Market Preference

The first thing a franchise matcher – a term which will henceforth refer to a person or a program who can help you find the best franchise opportunity for your needs – asks you for your market preference. Where do you want to open business? What specific neighborhood or city would you want to thrive in? The location will play a big role in determining what business you should start, as different locations have different demands.

Investment Range

You’re going to need money to buy into a franchise opportunity, and how much you can spend will help determine what business you can survive in. The franchise matcher will ask you for your net worth, your available capital, and the amount of money you can borrow from lending institutions.

Industries of Interest

You would also need to provide the franchise matcher the industries you’d want to specialize in. Pick anything from accounting or tax services to laundry services, and even pet products and services. The matcher would take your preferences into account and compare them with the available niches in the locations you prefer.

Goals and Expectations

The best franchise opportunity is the one you feel a strong connection to and is able to meet all of your needs perfectly. This is why the franchise matcher would ask what you’d want to have a couple of years from now. This can include concepts like control of destiny, increased savings, financial security, career security, and the time to pursue personal interests.

Match

The franchise matcher will take these into account and try to find the best franchise opportunity for you. Usually, these matchers don’t give you just one perfect choice. You are given several choices that meet your criteria, and you can apply to all of them so you’d have something to fall back on in case some of your applications aren’t approved.

When you’ve found the best franchise opportunity for you, you’re all set. The company offering the franchises will provide all the training, the marketing, as well as other types of support. Good luck! For more info, check out business.ftc.gov/documents/inv05-buying-franchise-consumer-guide.

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