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Investing in low cost franchises may be a strategically significant method of generating multiple streams of income. Most people consider the purchase of a franchise as a “job replacement” rather than investment however, with their proven business models and turn-key marketing solutions many low cost franchises are attractive investment alternatives.
According to Entrepreneur.com, the top ten low cost franchises for 2007 include a selection of service based opportunities:
Who might benefit from purchasing low cost franchises? Many people, including:
Some franchises require the franchise buyer to be the owner-operator and actually work on site at the establishment. This is essentially a “job replacement” small business opportunity and will require the buyer to invest a significant amount of personal time to establish and operate the business. Instead, for the purpose of purchasing an investment, search for those low cost franchises that allow absentee ownership. This option will provide the flexibility you require while still providing the benefit of small business ownership.
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Linda Handiak |