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Are you interested in starting your own business, but do not have a lot of money to invest? Would you like to experience the satisfaction of being your own boss? Here are 5 of the best small franchises that can get you started for under 10K while also providing training and support. |
1. The Back Rubber
With today’s stressful lifestyle, many people would love to relax for a few minutes in a message chair. The Back Rubber franchise is great for any high traffic areas like shopping malls, airports or hospitals. It is a very easy franchise to maintain and provides a nice income. This franchise can be started for as little as $1800 with financing available. VIP packages start at $7495 and some owners are reporting incomes as much as $350 - $400 per chair/per month.
2. Vendstar
Vending routes have become very lucrative and Vendstar is a leader in the vending industry. It has become one of the best small franchises to own and you can get started for as little as $5,000 with financing available. Vendstars profit margins usually average about 75% to 80%. You can easily work from home and set your own hours. Vendstar routes can be operated full time or part time as your schedule demands and require no employees or rent.
3. Rotobrush
How would you like a franchise opportunity that will provide you a great income while helping people? A Rotobrush franchise can help to prevent fires, cut down on energy bills and even prevent death or injury. Clothes dryers account for almost 16,000 fires per year. As a Rotobrush franchise owner, you can help to provide a safe environment and make about $125 on a typical job. You can get started for about $5,000 with financing available. Rotobrush has been in business over 20 years and has a great reputation and marketing program.
4. Von Schrader Carpet Cleaning.
One of the best small franchises in the world with a well known and respected name, Von Schrader has been providing small business opportunities since 1935. The Von Schrader Company was the pioneers of onsite carpet cleaning systems. As a Von Schrader representative, you can build your own business as large or small as you desire and the best part is you are in an industry which generates repeat business. As your clients come to know your reputation, they will call you back again and again. You can get started in your new business for as little as $600 to $4000.
5. Fresh Coat Paint Systems.
If you would like to start your own painting business, then you need to check out a Fresh Coat business franchise. Fresh Coat offers training and support on how to organize and run your own business. Better yet, they show you how to get the business with their unique marketing program. You can get started in this lucrative business for $10,000.
Edward Dean is an accomplished website developer and author. To learn more about 5 best small franchises starting at under 10K visit Small Business Franchising for current articles and discussions.
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Have you ever thought about starting your own small business? If you have you’re not alone. According to the Small Business Administration, more than half a million small businesses were started in 2006. |
But, not every small business becomes a success. In fact, many will fail within their first five years. Here are some tips to help you achieve your goals and rise to the top when you start your own small business.
1) Research your chosen industry. Find out what the annual income is for other businesses in the industry, how many employees they have, how long they have been in business, and how much start-up capital they needed.
2) Come up with a way for your business to stand out from the other businesses in your industry. When you start your own small business you need to stand out from your competition and give people a reason to do business with you over anyone else. Will your service be faster? Will your product be less expensive? Will you offer a special bonus that your competitors don’t offer? Make your business unique and people will want to do business with you.
3) Give your business a descriptive name. Clever names are fine as long as they give people a sense of what you do or offer. For example, Morrie’s Restaurant is a poor choice for a business name. A better name would be Morrie’s Fine Italian Dining. Not only is it descriptive, but it gives people a sense of what to expect when they dine there.
4) Decide how you will fund your business. Even if you are offering a service, you will need business cards and possibly letterhead and envelopes. You may need postage and special tools. If your small business will provide a product, you’ll need funds for product research and development. Funds can come from your savings, your current job, or loans. Loans can be provided by banks, many of which are small business friendly, or from friends and family. Tell your friends and family that you plan to start your own small business and that you will take responsibility for paying them back. Set up a payment schedule just as you would through a bank so your friends and family will see that you are serious.
5) Start slow. Don’t buy anything that isn’t absolutely necessary. Keep your business on a tight budget. When you start your own small business it is easy to get excited and want to buy things such as a new computer or other office equipment or furniture. Stick to the bare necessities until your business can afford to buy the extra things.
6) Make marketing and bringing in customers your top priority. Many small businesses fail because they don’t market themselves enough. Learn all you can about marketing and find out where your customers are so you will know how to reach them.
When you start your own small business, you’ll face many challenges, but you’ll also have many successes. Stay focused and you will achieve your goals.
JD Files is an accomplished website developer and author. To learn more about Six Tips To Start Your Small Business visit Small Business Franchising for current articles and discussions.
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