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Q&A - FAQs:
Why use Economic Strategies, Ltd. and not go
directly to the franchisers?
Quite simply to save time, money and potential
aggravation! Our service is free. Your franchise fees or business purchase price
will not be greater if you choose to use our service. We provide all the
information a potential business owner needs to find the opportunity that fits
their goals, plus we already know many of the safest, strongest and most
lucrative opportunities in business today, a task that can take months for
someone outside the industry.
How much does it cost to use the services of
Economic Strategies, Ltd.?
You do not pay for the services that Economic
Strategies, Ltd. offers. You will pay the published price for any franchise just
as if you had gone directly to the franchiser. (Federal Trade
Commission (FTC) law dictates that the franchisor must charge you the same
whether you go through us or directly to them.) The franchiser absorbs our
marketing costs. The franchisers respect the processes we follow and recognize
the quality and fit of clients we refer to them after our consultations are
complete. Economic Strategies, Ltd. is uniquely able to provide a win-win
scenario for the you and the franchiser.
How will Economic Strategies, Ltd. find the best franchise for you?
Our goal is to find an opportunity that will meet the
specific needs of each individual we work with. To do this effectively, we first
have to learn what those needs are. We will ask you a series of
detailed questions. Some sample questions you will be
asked are:
- What are your reasons for wanting a business of your own?
- Have you ever owned a business of your own?
- Where do you want you business to be located?
- How much capital do you have to start a business with?
- Will you have partners?
- Do you want to build multiple units?
- How soon do you want your business to open?
- Will you be involved on a full-time or part-time basis?
These are just a few of the many issues we will
discuss with you over the course of our consultation process. With this
information we can create a personalized profile and model for you to use in
evaluating opportunities.
Sorting through the over 5,000 franchise opportunities can be a long, confusing
process. You could spend months sorting through companies without ever finding
an opportunity that has what you really want in a business. Then, when you do
find a potential match, you might find you can not get thru to the correct
contacts.
We’ve done a lot of the homework for you. We have pre-screened hundreds of
companies from all areas of business. They must meet the exacting standards we
have set to be included in our inventory. We do all of this so we can offer the
franchise opportunity that will be the “perfect fit” for you. When we do find
that match, we already know and can get you connected with the correct contact
to being the process of starting your franchise.
Why should I buy a franchise?
Franchising offers individuals the opportunity to be
in business for themselves, but not by themselves. The Franchiser is there to
provide support with all the different functions of the business. They have seen
the issues that can arise in their business and know how to deal with any
problems effectively.
Prior to your opening, they provide extensive initial training and support so
you’re well prepared to handle whatever comes. They can also provide advertising
and marketing support to help build your business faster. The most significant
benefit to franchising is the reduced level of risk. This comes from a franchise
system’s proven method of doing business.
Is financial assistance available?
Financing can be a major hurdle for any potential franchisee. Start-up costs can
reach a high level (typically three times the franchising fee) and it is
essential that the franchisee have adequate working capital. It is important to
address any financing issues during the investigation of franchise
opportunities.
The best source of information about financing options for any franchise is the
franchisor. Once again, we are dealing with an issue that the franchisor has
addressed numerous times with other franchisees and they will have a good deal
of information about the practical options that are available.
How soon can I get my business started?
This depends almost completely on you. The franchise
consultation process can be completed easily within a few days if you are
responsive and motivated. After you begin investigating the initial screen of
3-4 opportunities, we can find "ideal" match for you within one to three months. After you
select the right business for you, it will typically take anywhere from 2 weeks
to 6 months for your actual business to open for operation.
Do I need specific industry experience to successfully own a franchise?
No, in fact many franchisors look for people with no
experience in their industry. This is because they want their business operator
to focus on running the business and not performing the labor their concepts
require. Franchisers need people who can be effective in areas such as
motivating employees, generating sales, and running the day-to-day operations as
efficiently as possible. The franchisee role is typically one of management
rather than labor; however this also depends on your individual goals.
Some franchises encourage home-business locations, some do not. Some allow
passive owner-investors, most do not (at least initially).
- ESL Services
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- Franchising Overview
List of Available Industries
The Process
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Disclaimer: This information is designed to
provide information only to prospective business and franchise opportunities
buyers. The prospective business buyer is responsible to thoroughly investigate
any franchise or business opportunity listed on this website, obtain all
appropriate disclosure documents, and seek expert consultation prior to making
any investment decision. The representations, views and opinions expressed or
implied in any document or image included in, or linked to or from this website,
do not necessarily state or reflect those of Economic Strategies, Ltd. or any of
its representatives.
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