| So, here we are in 2006 and you may still
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| | And what about the potential buying and
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| be trying to figure out what to do with
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| | selling opportunities for anything from
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| the rest of your life. If
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| | cars to designer handbags to vintage
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| self-employment has been a long-time
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| | comic books? To ensure success,
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| dream, you might wonder "How does one get
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| | franchisees are given extensive training
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| there and minimize risk?" Or if you are
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| | on how to value items, "selling
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| tired of the corporate life and want to
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| | strategies" to optimize bids and ways to
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| control your own destiny, you may wonder
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| | market the business.FITNESS, WEIGHT LOSS
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| "Can I break free from the corporate
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| | AND WELLNESS: Many have thought this
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| cult?"The answer to minimizing your risk,
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| | industry was saturated but new concepts
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| controlling your destiny and uncapping
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| | emerge every year as people are willing
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| your earnings potential could be through
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| | to try almost anything to look fabulous.
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| a franchise business. Franchising a
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| | Curves is a runaway success and proof
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| business format has been around for more
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| | that the search for fresh approaches to
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| than 60 years. And this style of
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| | looking and feeling better are unending.
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| business is more than just a booming
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| | And, why not? Millions of Americans
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| trend. According to the International
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| | every year start a new program to lose
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| Franchise Association, franchised sales
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| | weight, look better, feel better and
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| account for almost 10% of private sector
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| | avoid obesity. Approximately, 33% of
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| output and 1 in 7 jobs in the US. These
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| | Americans made fitness their #1 New
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| businesses are so hot that top business
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| | Year's resolution in 2006, up from 26%
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| schools, such as Kellogg School of
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| | last year. According to the International
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| Management at Northwestern University,
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| | Health, Racquet & Sports Club
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| are adding franchise classes to their
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| | Association, health club memberships
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| elective curriculums and those classes
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| | increased nearly 5% to over 41 million
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| have waiting lists.A common potential
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| | members in 2005. But, weight management
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| issue business owners face, especially
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| | isn't the only definition of fitness and
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| those with already lucrative careers, is
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| | health. Pampering one's self, matching
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| how will you continue to take care of
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| | outward appearance with inward attitude
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| your obligations while you build your
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| | and attacking stress reduction, stimulate
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| dream? Recent research suggests that you
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| | the rapid growth of day and medical spas.
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| can turn dreams into reality through
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| | As long we are all searching for the
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| planning for your business, researching
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| | fountain of youth, the wellness industry
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| industries, building your business in
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| | will continue to boom.SENIOR CARE: 2006
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| stages and focusing on the many benefits
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| | is the year that the first Baby Boomers
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| of self-employment. Many day-job
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| | turn 60. By today's standards 60 is
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| converts soon realize that you can either
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| | young. But just as this group had an
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| work hard for someone else or you can
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| | impact on the labor market and education
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| work hard for yourself.I often hear "But,
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| | system, this massive group of Americans
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| I didn't spend time building my nice life
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| | will have an impact on resources for the
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| to turn around and make sandwiches all
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| | retired and elderly. Most of the "senior
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| day". Want to know a secret? Franchises
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| | population" are opting not to live in a
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| are no longer all about food. In fact,
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| | senior care facility and insisting on
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| less than 30% of franchise opportunities
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| | living in their own house. While living
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| are food. That means an incredible range
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| | at home provides a better quality of life
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| of self-employment opportunities
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| | and is less costly than most
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| especially in the lucrative business to
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| | alternatives, it provides a dilemma for
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| business professional sector. Amazingly,
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| | seniors and their families. The
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| there is a franchise for almost any type
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| | collision of aging and independence means
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| of business in the US economy. The trick
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| | Americans will cope with illness, loss of
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| is to pick the right one for you.With
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| | mobility and the effects of aging,
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| literally thousands of franchises, which
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| | increasing the demand to provide medical
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| ones are on the upswing? What trends seem
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| | and non-medical in-home care. In
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| to be the most sustainable? Is one of
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| | addition, some seniors may need a helping
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| these right for you? For 2006, here are
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| | hand for a few hours a day while others
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| the latest trends and opportunities for
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| | will want a full-time arrangement. With
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| you to review:PETS: The pet industry is
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| | this segment ready to explode,
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| hot and Americans love their pets The
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| | franchisors catering to this market offer
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| American Pet Products Manufacturers
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| | full training programs to teach
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| Association estimates that pet owners
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| | franchisees on how to successfully hire
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| took pride in spending $36 billion on
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| | caregivers, manage the business and
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| lavish products and services for their
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| | market it in their local areas.BUSINESS
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| pooches, kitty cats and other members of
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| | TO BUSINESS: The ultimate sleeper
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| the animal kingdom. With this continued
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| | franchise. Small business represents
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| trend of doling out whatever it takes to
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| | 99.7% of private employers and account
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| make our furry friends happy and
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| | for more than 50% of the non-farm gross
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| comfortable, some specific money-makers
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| | domestic product which is $6 trillion of
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| include doggy day cares, walking and
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| | the GDP1. Yes, trillion with a "T". Of
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| sitting services, pet supply stores,
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| | these businesses, nearly 70% employ 5 or
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| gourmet treats and mobile pet
| |
| | less employees which means they often
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| grooming.KIDS: According to Admissions
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| | can't afford specialized, in-house staff
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| Consultants in Virginia, the competition
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| | to do everything like big corporations.
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| for college is fierce for a number of
| |
| | Consequently, outsourcing to experts
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| reasons. First, an "echo" of births from
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| | continues to be the trend. While some
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| Baby Boomers - not expected to peak until
| |
| | categories are standard like web design,
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| 2008- and immigrant families with teenage
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| | marketing and advertising, newer ones
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| children coupled with learning
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| | like HR consulting, business coaching,
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| institutions not increasing the number of
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| | and financial advising are popping up.
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| slots for freshman classes is pushing the
| |
| | For many newly-minted, corporate
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| demand for limited openings. Second, a
| |
| | escapees, business-to-business
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| constant increase since 1970 of college
| |
| | professional service firms that value the
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| attendance across all economic levels
| |
| | importance of affordable, top-notch
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| means more kids are vying for limited
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| | expertise and excellent customer service
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| space at the nation's top schoolsAs a
| |
| | are a brilliant choice.HOME IMPROVEMENT:
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| result the need for supplemental child
| |
| | Low-interest rates, a persistent housing
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| education programs is growing to ensure
| |
| | boom, and a continued fascination with
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| Johnny and Suzy make it to college.
| |
| | bringing high-quality entertainment to
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| Competition amongst students is not only
| |
| | your house help make the home decorating
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| intense but it starts early.
| |
| | and remodeling fields stand-out.
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| Additionally, inadequate or second-rate
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| | Everything from window fashions to
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| public education pile on the need.
| |
| | kitchen remodeling, from outside decks to
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| Supplemental education ranges from art
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| | stained glass specialty items create a
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| classes, science programs, supplemental
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| | mass of options for sprucing up one's
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| math and English tutoring programs as
| |
| | home. An increase in real estate values
|
| well as fitness focused programs. And,
| |
| | has created an interesting dynamic - a
|
| don't forget the myriad of sports and
| |
| | large group of homeowners who can't
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| fitness clinics that teach better
| |
| | afford to move, but have good equity in
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| athletics for well rounded kids. High
| |
| | their house. Many are tapping into their
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| school students enrolling in a
| |
| | 2nd mortgage and using some of the
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| supplemental review class for the SATs is
| |
| | proceeds to remodel or do an addition to
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| now common place when it used to be just
| |
| | the house. All this adds up to making
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| for upper income families. Now, middle
| |
| | home improvement a continued winner.Are
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| class families have increased disposable
| |
| | you dreaming of self employment? Being
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| income and want similar perks for their
| |
| | your own boss? Calling your own shots
|
| kids. It is a perfect industry for the
| |
| | and reaping the rewards? Or is the risk
|
| stay at home spouse who loves kids and
| |
| | of leaving your cushy corporate job
|
| wants a fun and rewarding part-time
| |
| | stopping you cold? If you've read this
|
| business.FOOD: Quick-serve restaurants
| |
| | far you, maybe you are ready to be the
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| are more and more popular. The National
| |
| | next franchise owner.Yet, only 3% of
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| Restaurant Association estimates sales in
| |
| | small businesses are franchises. Why?
|
| 2005 exceeded $134 billion, up nearly 5%
| |
| | Because most would-be entrepreneurs want
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| from the previous year. People today
| |
| | to "wing it" themselves. A sobering
|
| want fresh and healthy options that fit
| |
| | statistic is that 60% of businesses fail
|
| into their busy lifestyle. The fast food
| |
| | after 6 years. Buying into a franchise
|
| days of the golden arches and the colonel
| |
| | gives the franchise owner a proven profit
|
| are fading. More importantly, people are
| |
| | model and a process by which profits can
|
| also willing to pay more for these
| |
| | come quickly. If being self-employed,
|
| quality options. Baby boomers who grew
| |
| | minimizing risk, using a sound business
|
| up on fast food are now getting older and
| |
| | model with good training and support, and
|
| realizing that a healthy diet can make a
| |
| | running a profitable business sounds good
|
| huge impact on their health. The biggest
| |
| | to you then franchising is the ticket.
|
| trends involve salads, soups, sandwiches
| |
| | Ultimately it is you who makes the
|
| and other healthy options that make
| |
| | business successful. It is you who must
|
| people feel good about their meal and
| |
| | feel good and bring passion to your work.
|
| snack choices.eBAY CONSIGNMENT STORES:
| |
| | But, you don't have to go it alone if
|
| The eBay phenomenon continues as one
| |
| | you buy a franchise.1: Source: SBA,
|
| person's junk is another person's
| |
| | "Small Business by the Numbers," June
|
| treasure. With close to 170 million eBay
| |
| | 2004Chris Tun Zan is a business
|
| users worldwide and growing, an eBay
| |
| | matchmaker for those seeking
|
| auction company could be your bid for
| |
| | self-employment. He works with families
|
| financial success. Almost every
| |
| | and individuals to identify the right
|
| household has "stuff" they would love to
| |
| | business opportunities for themselves.
|
| sell but don't know how. With your eBay
| |
| | Chris helps those seeking self employment
|
| business, you take the pain out of
| |
| | get a head start by rolling together his
|
| listing on-line and collecting payment in
| |
| | many years of experience in marketing,
|
| return for 30%-50% of the sale. What a
| |
| | finance, and operations to help his
|
| great deal for the franchisee since you
| |
| | clients achieve their dreams of business
|
| are not buying or owning any inventory.
| |
| | ownership.
|
