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New franchising opportunities appear "almost daily"

By: Deborah Bates
08 June 2011

There are new franchising opportunities that appear "almost daily", according to Howard Bassuk, a franchising expert.

He told Hernando Today that if you want to start your own business, there are plenty of chances available to take.

Bassuk also explained why franchising was such a good choice for so many budding businessmen and women. He stated: "Franchising is a popular way for entrepreneurs to fast-forward their small business ownership ambitions."

"Franchisers provide tested and proven base structure of the business, freeing their franchisees from having to invent the operational wheel. franchisers also provide guidelines, innovations and tested marketing materials."

However Bassuk did add on that before plunging themselves into a new investment, potential franchisees should do their research. He suggested investigating the local market place, hitting the streets to ask the public if they believe a certain type of business is missing from the local area.

Furthermore, the expert advised prospective franchisees to fully investigate and understand the intense "commitment and drive" required to make a business work. They should also ensure they have the financial stability to make the initial investment.

Bassuk concluded by stating that a "well-drafted business plan" could do wonders in getting a franchise branch off the ground, in addition to setting "performance milestones" for an extra incentive or motivation.

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