Sarasota, FL (PressExposure) March 27, 2009 -- In todayâs down economy, with high unemployment, many people are finding themselves out of work and unable to afford the risk involved in starting a new business. Rick Bisio recently spoke to a group of young entrepreneurs in Miami who were considering going into the franchise business. Rick discussed the advantages and disadvantages of buying an existing franchise unit.
Rick Bisio introduced himself to the group and began, âBuying a franchise is less risky than new business start-ups. Today, Iâm going to talk about buying a franchise resale. Finding an existing franchise that is part of an established franchise system, one that fulfills your needs and matches your skills in an area where you want to live can take a lot of time and it generally requires a larger investment. If you choose this path to business ownership, it is a good idea to hire a business advisor to help determine the value of the business. Taking over an existing business is like climbing on a moving train; youâre already going down the tracks; your task is to figure out how to operate the train before it derails.â
Rick went on to discuss the advantages to buying a franchise resale. He explained that a successful existing business already has a customer base and a staff of trained employees. Rick said, âBesides avoiding all the work involved in a new business startup, you will likely be able to assume the existing lease, rather than search for space and wait for the build-out to be accomplished. Another big advantage is you may step right into a positive cash flow situation.â
Rick Bisio of FranChoice Consulting is the author of the book, The Educated Franchisee. To learn more about how to identify a great franchise businesses and stacking the deck in your favor, go to http://www.educatedfranchisee.com or buy the book - The Educated Franchisee â on Amazon.com. Rickâs books and articles cover everything you need to know about buying a franchise, owning a franchise, franchising skills and requirements, finding the right franchise, recognizing great business opportunities, starting and building your own business and more about business franchises. Read Rickâs new blog at http://franchiseeducation.blogspot.com/ for more information.
This Press Release was submitted by Right Now Marketing Group, LLC