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Home Based Business Vs Franchise Opportunity

When I Was looking to start-up my business I was looking around at many opportunity’s to see what suited me best so I did my research into different franchises and business opportunity’s to suit my budget. What I found in my research shocked me and I wanted to share my experience with you.

I knew I had to invest money and time and I was prepared for that so after a lot of thinking I thought to myself I could maybe get into the Subway Franchise, Well there are loads of them around so they are popular and successful and we didn’t have one in our town of Cobham, Surrey so let me share with you my findings.

Subway Franchise

I spoke to a few people and they sent me the breakdown of the cost on how much it will cost to set a Subway and when I looked at it I nearly choked on my sandwich ( no it wasn’t a subway sandwich ha) I had some savings that I was willing to invest but I wasn’t ready to see what I saw so let me share with you how much I needed to get started.

I needed at least £70,900 to get started and I’m telling you now I did not have that and not even close to it I was thinking to myself how am I going to do this and I knew it would take around three years to see any profit and I wasn’t prepared to get a massive loan out. So my search continued……

What was a passion of mine and it was Fitness as being a personal trainer so I thought let’s get into a gym franchise so again began my research.

So after a bit of research and meetings about starting up a energy fitness club the finance part came up and I was dreading how much it would all be and was hoping it was not as much as the Subway Franchise but again how wrong was I the minimum investment to get started was

£95,000

There was no way I could afford that again so this idea was out the window.

Then a lightbulb moment happened for me and I sat down and went through what I wanted out of life and that was…

A good Income
Time Freedom to see friends and family
No Boss

So these franchises was not going to give me that first of all the investment was well out of my range, I would have to work my butt off giving me no time freedom at all to see friends and family and I would have more stress then it was worth and wouldn’t see profit for at least 3 years it just didn’t match my goals in life so I knew there was only one opportunity for me and that was Start my own home based business.

Home based business opportunity

But where would I start as there was so much hype and BS on the Internet we all know that but there is also some quality opportunity’s. I was sitting down and talking to a friend who started his own Video Production company and I was telling him about my ideas and he gave me one piece of advice that I will never forget and that was ” Find someone who has done it and been successful and work closely with them”

That’s exactly what I did I met up with 2 awesome guys who have been very successful within the industry and starting working with them closely,They helped me get set up and then having ongoing support which is vital and the rest is history.

OK but how much does this cost well I’m telling you now it is no where near £75,000 so I am going to break it down for you in a very simple way

This is an industry that you need to learn so time and investment is needed.

Serious entrepreneur- £1000-£3,000

On a budget- £80 per month

The great thing about the home based business industry is that it can suit people on all different kind of budgets that is why so many people are turning to the Internet. If you are really serious about building a home based business and going on to your way to a six figure income then I am going to be very HONEST I would say you would need to invest between the £1,000 to £3,000 mark this will get you all the training and support you need and more of a fast track way to get your business up and running ( I’m not saying it will happen overnight)

BUT DO NOT FEAR…

If you can not afford that it does not matter as you can start on a budget of just £80 per month to get up and running this will require more work and will take a bit longer to get it all running but people do it this way and go on and make a six figure income and we teach you how to advertise for FREE so you do not need to worry about that. If you are sitting there thinking I cant afford or don’t want to spend £80 per month then I am going to be very honest and would say starting a home based business may not be for you now.

As you can see a home based business is more affordable than a franchise opportunity that’s why so many people are starting them because you can see results within months not years and again it gives you.

Time freedom to do the things you want to
your the boss you decide when you want to work
you decide how much you want to earn the more work you put in the more you will earn.

I wanted to give you an honest view on the franchise side of things and the home based business industry and I have been completely honest I could sit here and say earn £30,000 in your first 30 days and by the way I’m not saying you can not earn £30,000 within a month you sure can but it wont happen in the first month I just don’t want to give you any BS that you see on many websites I want to give you the truth so you know what it takes to run a home based business.

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How Important Is the Fundraising Auctioneer to the Success of Your Event?

I want you to think about the term “Fundraising Auction”.

A “Fundraising Auction” is an event where items of value are gathered, and then sold in a competitive bidding situation, either in a Silent Auction format, or in a Live Auction format by a Live Auctioneer. And since typically the best items are saved for the Live Auction, arguably it is the Live Auction that should generate a significant portion of the proceeds in any Fundraising Auction.

So why do so many non-profit groups consider the Fundraising Auctioneer to be the least valuable component in a Fundraising Auction?

The Hosting Facility gets paid.
The Printer gets paid.
The Caterer gets paid.
The Liquor Store gets paid.
The DJ gets paid.
The Florist gets paid.
But the Auctioneer … the individual who is expected to raise the lion’s share of the event’s proceeds… is expected to work for Free. And is usually under-appreciated for the professional services he/she provides.

I’m not trying to underscore the value of the invitations & programs, food, booze, music, and decorations. All are important in their own way. But each of these are “Expenses”. It is the Auctioneer who is going to bring “Revenue”… and thus, the “Profits”… into any event. Which is the ultimate objective of any Fundraising Auction.

Here is a real-life example of how under-appreciated the Auctioneer can be. In two comparable events we worked last year, during the dinner portion of the event one non-profit group sat the Auctioneer (me) at a table with the DJ, the Interns, the Volunteer Staff, and other event “Help”. The 2nd non-profit group sat the Auctioneer (me) directly next to the CEO of their organization, where we chatted about how important the pending revenue would be to their organization. Which group do you think valued the services of the Fundraising Auctioneer more?

Don’t ever under-estimate the value that a professional Fundraising Auctioneer can bring to your event. The Auctioneer adds value as a pre-event consultant. And the Auctioneer can change an event from a moderate to a huge success.

A Case Study Once I was scheduled to call an Auction for a major local non-profit group. They represented a very good cause and they had a strong and dedicated following. Their event was sold out, quality Live & Silent Auction items had been solicited, and the Special Pledge Appeal had been choreographed and was ready to go. The facility was first class, the appropriate caterer was booked, and the food was ready to cook.

But quite unexpectedly, some unseasonably inclement weather forced the event’s cancellation. Despite all of the committee’s hard work, cancelling the event was the proper decision considering the circumstances.

So the Event Committee scrambled to re-schedule the event for the following weekend.

They confirmed with the Hosting Facility.
They confirmed with the Caterer.
They confirmed with the Liquor Store.
They confirmed with the DJ.
They confirmed with the Florist.
Since they already had the Mailing List of those scheduled to attend, no new invitations had to be printed as all were contacted by email or telephone. So with everything in place, the group went ahead and re-scheduled the event for the following weekend.

But guess who they failed to confirm? You got it… the Professional Auctioneer. They thought so little of the Auctioneer’s contribution that they “assumed” that the Auctioneer would be available and at their beck and call.

But the Auctioneer already had another Fundraising Auction booked for that date with another non-profit group. It was only hour away from the re-scheduled event, and things could have been easily worked out. All Group #1 had to do was start their event one hour earlier, or one hour later, than the Group #2, and the Auctioneer could have helped both groups on the same day.

But because Group #1 failed to anticipate a possible Auctioneer conflict, because they failed to confirm with the Auctioneer before re-scheduling their event, their preferred Auctioneer had to bow out and they had to scramble to locate substitute “Volunteer” Auctioneer only days before their event.

And it cost them.

Learning Points

The Live Auction is usually where the profits are made at any Fundraising Auction.
A Professional Fundraising Auctioneer can be vital to the success of any Fundraising Auction.
The better Fundraising Auctioneers usually get booked quickly.
You need to recognize the important contributions that a good Auctioneer can make to your event.
Michael Ivankovich is a Bucks County Fundraising Auctioneer based in Doylestown PA, and serves the Great Philadelphia PA area. He has been a professionally licensed and bonded Auctioneer in Pennsylvania for nearly 20 years, has been named Pennsylvania’s Auctioneer of the Year, and has considerable experience in conducting Fundraising Auctions. Michael loves helping groups raise needed funds for good causes and one of his specialties is the “Special Pledge Appeal” or “Fund-A-Cause Appeal” which usually enables clients to double their revenue in a single evening.

Tags: Animals Arts Business Computers Education Finance Health Home Internet Marketing & Advertising Online Recreation & Entertainment Shopping Society

7 Simple Steps to Choosing The Home Based Business That is Right For You

In these difficult financial times that we find ourselves, many people are looking for ways to create additional income for themselves. Yet they don’t know where to go to find the necessary information. These simple 7 steps will hopefully help you decide which type of home business is right for you at this stage of your life and career and where to begin to turn your dream business into reality.

A HOME BUSINESS is simply a small business that operates from the business owner’s home office, lounge or kitchen. It is usually operated in one’s spare time and is often based around the interests of the business owner.

Here are 7 simple steps to help you choose the Home Business that is right for you.

Step 1: What is your Passion?

Some of the most successful home businesses have been built around the owner’s passion for something. Catering businesses are built around a passion for cooking and seeing people enjoy your food. Network Marketing businesses are often built around a passion for talking to people, one’s love for the products and helping people develop their own home businesses as part of the team.

So the first thing you need to do is look for something that you are passionate about, that you love doing in your spare time, and see if there is a business opportunity there. One of the fastest growing hobbies worldwide is Scrapbooking and many small business opportunities are being born out of this recent trend to turn a photo album into a vivid and colorful experience.

So whether it is woodworking or baking or writing short stories or whatever, your degree of success is likely to be higher if the home business is based on something that you love doing.

Have you heard the statement “Follow your Bliss”? Well, what is your Bliss? Because if you can link your home business to your Bliss, or Passion, you will be ahead of the game already.

Step 2: How much Free Time can you dedicate to your home business?

For most of us, our home business will be started and operated in our spare time. So now you need to decide how much time you will be able to devote to your new business. And for those of you who say “but I have no spare time for anything new”, I say, “look at how you spend your days and nights and you will see how much time you waste on non-productive stuff”. A good, and useful, exercise is to keep track of what you do over the period of a week, in the 6 basic categories of Work, Family Time, TV, Entertainment Out, Lazing Around and Sleep. All you will need to do is find some 8 to 10 hours a week that you can redirect, and you will have enough time to develop and grow and successful home based business.

Step 3: How Much Money is available to invest in your Home Business?

This is often another obstacle that people find to starting up a home based business. It is important to realize that some $$ will be required to make a go of anything, but some types of home based businesses require a lot more $$ than others. Often where less $$ are needed, more time is needed, but this is not always the case. And for most of us, the reason for starting up a home based business is to generate additional income because there is never enough money left over at the end of the month, or as they say “the money runs out before the month does”.

A Network Marketing business, for example, will often be able to be started for a couple of hundred dollars and a commitment to spend another $50 to $100 a month on training material, conferences and the like. But these sorts of businesses, if you follow the system properly, can start to deliver income within a few months. An Internet based home business may require a larger outlay in the beginning, maybe a few thousand dollars for the training program and software required and can become cashflow positive within 6 to 9 months. Buying into a Franchise on the other hand may require many tens if not hundreds of thousands of dollars. So look at your cash flow and decide what expenses you can give up temporarily, so as to free up some money to invest into your business. No business can be truly successful, if you are not prepared to invest some money into it from the beginning.

Step 4: What are your Specific Skills – what are you good at?

The next step is for you to decide how you can use your personal skills in your new business venture. What are you good at? This is linked to the first step, identifying your passion – but it is more about what you can do well and are confident about. So, if you are great with people and love to meet new people and can chat easily to strangers, then a Network Marketing business may be right for you. You will be given training on how to approach people, depending on which company you decide to work with, but your people skills will put you in a strong position to succeed.

If you are good with words, are a good writer and can put complex ideas into simple terms, of if you are creative and can think outside the box, or if you are good at getting other people to do things for you (a good delegator) then an internet based business may be perfect for you. In this modern age, more and more people are searching for information on any number of topics and are prepared to pay someone to provide that specific information for them.

If you are more business focused, a numbers person and can look at a balance sheet and see the clear picture, then maybe buying an existing small business and running it “hands off” may be a good option. This is also good for people with less free time, although some time will be required to make sure the business goes in the direction you want it to.

Step 5: Look at the Options that fit your profile

This is where you will start to narrow down the options that fit in with your Passion, your available Time, the Money you can free up to invest and your specific Skill Set. There are many hundreds of websites available that will be able to offer you the introductions to the various businesses available to you. You can go to http://www.google.com and enter one of the four sets of words as a starting point to find out what options are available. The four main categories are Network Marketing Business Opportunities, Internet Based Marketing Opportunities, Franchise Business Opportunities and Small Businesses for Sale. In each of these categories, add the city or area where you live to limit the options presented to those ones that are more suitable for you.

Step 6: Do your more detailed research.

Once you have identified 2 or 3 business options or ideas that look good for you, then you need to do some more detailed research into those options. Is there a market need for your Product? Is the Network Marketing Company growing strongly in your area and does it have good leadership? Is the small business you are looking to buy producing a positive cash flow with a good client base? Talk to friends or find someone who is doing something similar and discuss with them. Speak to a business broker if this is the direction you are going in. Once you have whittled your choice down and are confident you can make a go of it, now you are ready to start your business.

Step 7: Take the First Step and Do It

There is nothing more exciting, when starting to develop a new business, than to get going, so now you are ready to do something to implement your business. Find out where meetings are being held to do with the Network marketing business you have chosen. Go to a seminar on Internet Marketing if that is your chosen direction and take the plunge. Most of these sort of home based businesses offer a cooling off period, or a money back guarantee, so you will have a month or maybe longer to decide if the direction is right for you. But the longer you put off doing something, putting your dream business idea into action, the less likely you are to actually get it up and running.

If you would like to know more about this subject, or have any questions about Home Based Businesses, log onto http://stuartfish.biz You will find a number of articles on internet marketing there.

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