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Article: Hot franchises you can run from your home. (understanding the advantages and disadvantages of a home-based franchise) (includes related article on tips for buying a home-based franchise) (Cover Story)
- Article from:
- Black Enterprise
- Article date:
- September 1, 1993
- Author:
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Copyright informationCOPYRIGHT 1993 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Can you really make money in a home-based franchise? Yes--if you understand the limitations before you dive in.
IF YOU'VE BEEN SERIOUSLY CONSIDERING going into business for yourself, you've probably heard more bad news than good. Your attorney, banker, best friend and spouse no doubt have all warned you that most small businesses die painful, early deaths. They're right. According to the U.S. Small Business Administration, 63% of businesses never make it to their sixth year. Most fail because their owners don't have enough money and/or know-how to operate them effectively.
But what if you could own a business that, by design, avoids these problems? What if you ...