San Diego, CA (PRWEB) January 11, 2013
There are many people who are searching for the best franchises to own in 2013. The past years have been hard on those in traditional employment, since many companies have frozen their pay increases and thus employees may not be getting paid as much as they feel they deserve to be paid. A lot of these former employees have made the decision to step out and start their own businesses, so that they can take charge of their earnings.
However, starting a business from scratch can be a very difficult and risky venture. There is no guarantee that the business idea will take off and earn the type of income that it would need to in order to earn back the initial investment and make a decent regular profit thereafter. Most statistics show that the failure rate of new businesses within the first few years can be as much as 60%. This is a risk that many potential business owners are leery to take.
But, with a franchise business, many of these risks are decreased significantly. A franchise comes with many benefits, and while the initial cost of purchasing a franchise may seem higher than starting a business from scratch, the hidden costs of making a business successful could make the franchise a more cost effective option in the long run.
Some things that new entrepreneurs might expect when they become a franchisee is a ready made business model, help with the setup of the establishment and the equipment, detailed instructions on the best way to run the business, and most importantly, brand recognition. This ready made business is the best option for those who have a desire to own their own business but do not want to spend the time and money on the trial and error process that all businesses go through before they can be called successful.
With these benefits in mind, it is no wonder that so many people are looking for the best franchises to own in 2013. Some of the most popular franchises are those in the personal care, fast food, and convenience store industries. These types of businesses are always quite successful, due to the fact that the products or services that they provide are always in demand.
Fast food franchises such as McDonald’s, KFC, Subway and others provide quick meals to those who are in a hurry. Almost everyone is in a rush to get somewhere nowadays, and cooking meals at home or waiting too long to be served is simply not an option most of the time. People will always need food, so these types of stores will always be in high demand.
Personal care franchises are in the same boat. Most women are concerned with their looks, and so stores that offer beauty products or makeup will always see a good amount of business. When it comes to physical fitness and beauty, both men and women will seek business such as gyms and tanning salons. This is why franchises such as Avon, Mary Kay, Planet Fitness and Jenny Craig are so popular.
Convenience stores are always popular franchise options because they will also always be in demand. There are always items that people will need from time to time, and having a nearby store makes getting these much easier than having to head to the nearest shopping meal or grocery store. Popular convenience store franchises include 7 Eleven, Circle K, Speedway SuperAmerica, and Kwik Trip.
Clearly there are many options available to those seeking to purchase a franchise in the year ahead. For more information, please visit EmpoweredEzine.com for a full Best Franchises To Own In 2013 Review.