(Syndicated News) Starting a business always involves risk, but few
entrepreneurs know just how much can be at stake when starting a new business.
According to the Small Business Administration (SBA), more
than 50 percent of all small businesses end in failure during their first year
with 95 percent failing within their first five years. With the risk of failure
so high, many aspiring entrepreneurs simply aren't willing to take the gamble
of starting their own businesses from scratch, instead opting to become
franchisees.
Franchising
offers numerous benefits: It allows entrepreneurs to learn the specifics of
starting a business while also giving them the ability to glean advice and
support from the franchisor. In addition to relatively low startup costs and
low risk, entrepreneurs can also gain valuable business experience while they
promote a product or service that is already proven in the marketplace.
After
running his own businesses for years, Artur Mkrtchyan became a franchisee because of the advantages it
afforded him. As a franchisee of Monthly Coupons (http://monthlycoupons.com), his business is thriving.
"We
have a higher profit margin than any of our previous businesses. Choosing to become
a franchisee with Monthly Coupons, who provides continuous support, was a smart
business decision."
The
keys to finding the right franchise are investing the time to research
franchising opportunities and to find opportunities that require the skills an
entrepreneur possesses.
Jeremy Leyva, another Monthly Coupons franchisee, spent
considerable time researching his options. "After talking to many
current Monthly Coupons franchise owners across the country, I decided to
invest in a franchise," Leyva says. "Monthly Coupons has given my
family the financial freedom I was looking for, and because they offer ongoing
support, my business continues to grow and to become more profitable.”
Source:
Small Business Administration. Winning Ideas for Small
Business Success.
<http://www.sba.gov/gopher/Business-Development/Success-Series/Vol1/Win1/win11.txt>