Friday, April 16, 2010
Franchise incentives
San Antonio Business Journal - by Randy Lankford
While no one is likely to describe the current unemployment rate of nearly 10 percent as good news, there are those who are able to find a silver lining in today’s tough job market. Companies looking for high-quality franchisees see it as an opportunity.
“We saw a lot of people inquiring about the franchise system in 2008 and 2009 because of the high unemployment rate,” explains Paul Flick, CEO of Home Service Franchising. “They may have gotten downsized out of the corporate world or stuck in a job with no chance of promotion because of the downturn in the economy.”
Yet, the credit crunch has made it tougher for some with great entrepreneurial drive to get a franchise business off the ground. (Read More)
Monday, April 19, 2010
Home Service Franchising was featured in the Washington Post!
Lending slowdown puts chill on potential franchisers
By Nicole Norfleet
Monday, April 19, 2010
Tim Lynch, 31, wanted a career change.
He was one of thousands of potential franchisees milling about the Walter E. Washington Convention Center for the International Franchise Expo the weekend before last.
With banks freezing up on franchise lending, it's more difficult for potential franchisees to secure the financing they need to get their businesses off the ground. To help solve this problem and attract more franchisees, franchisers have cut start-up costs and some have offered financing themselves.
Lynch, an engineer for a defense contractor, said he was at the conference to get a feel for his opportunities. He walked from booth to booth on the expo's opening day, not sure exactly what kind of franchise he wanted. (Read More)
By Nicole Norfleet
Monday, April 19, 2010
Tim Lynch, 31, wanted a career change.
He was one of thousands of potential franchisees milling about the Walter E. Washington Convention Center for the International Franchise Expo the weekend before last.
With banks freezing up on franchise lending, it's more difficult for potential franchisees to secure the financing they need to get their businesses off the ground. To help solve this problem and attract more franchisees, franchisers have cut start-up costs and some have offered financing themselves.
Lynch, an engineer for a defense contractor, said he was at the conference to get a feel for his opportunities. He walked from booth to booth on the expo's opening day, not sure exactly what kind of franchise he wanted. (Read More)
Thursday, April 15, 2010
360° Painting was recently featured in the Mississauga News
Chef turns painter for new businessAnum Khan- Apr 15, 2010
Mississauga's Rui Dias, a former chef, thinks he's cooked up a winning recipe with his newest business venture.
He's started a 360 Degrees Painting franchise in Mississauga. It's a full-service exterior and interior painting firm, and Rias believes his experience in the hospitality industry will help in his new line of work.
"I've been in the hospitality business since 1988, but I wanted to get involved with something on my own," said Dias, a former chef at a Mississauga banquet and convention centre.
He considered buying a restaurant franchise or banquet hall, but realized they were too expensive, so he decided to go in a different direction altogether. (Read More)
Tuesday, April 6, 2010
360° Painting was recently featured on AllBusiness.com
The Truth About Home-based Franchises
By Sara Wilson
Does going to work in your pajamas, setting your own hours, and never getting stuck in traffic on your way to the office sound like a dream? Ranging from commercial cleaning to business coaching to pet waste cleanup, home-based franchises abound — and one of them might be just the solution to creating that lifestyle. But, before you get swept off your feet by all the advantages that working from home has to offer, let’s take a closer look at some of the often overlooked realities of operating a home-based franchise.
1. The initial and ongoing investment required for a home-based franchise may be significantly lower than the typical franchise investment — but not always. Running a franchise from home means that you don’t have to worry about leasing out a physical location and often allows you to invest your startup capital in more than just inventory. “Most, if not all, home-based franchise systems do not require franchisees to carry inventory, so you are not tying up capital that could be used for marketing initiatives and obtaining new clients,” says Paul Flick, CEO and founder of Home Service Franchising, parent company to three home-based franchises: 360° Painting, MonitorClosely.com, and Maintenance Made Simple. However, don’t assume that just because a franchise opportunity is home-based it automatically means a super-low investment, cautions Matt Boswell, CEO of Pet Butler, a pet waste cleanup franchise. Says Boswell, “The average Pet Butler franchise partner invests over $70,000 during their first year in business working from home.” (Read More)
By Sara Wilson
Does going to work in your pajamas, setting your own hours, and never getting stuck in traffic on your way to the office sound like a dream? Ranging from commercial cleaning to business coaching to pet waste cleanup, home-based franchises abound — and one of them might be just the solution to creating that lifestyle. But, before you get swept off your feet by all the advantages that working from home has to offer, let’s take a closer look at some of the often overlooked realities of operating a home-based franchise.
1. The initial and ongoing investment required for a home-based franchise may be significantly lower than the typical franchise investment — but not always. Running a franchise from home means that you don’t have to worry about leasing out a physical location and often allows you to invest your startup capital in more than just inventory. “Most, if not all, home-based franchise systems do not require franchisees to carry inventory, so you are not tying up capital that could be used for marketing initiatives and obtaining new clients,” says Paul Flick, CEO and founder of Home Service Franchising, parent company to three home-based franchises: 360° Painting, MonitorClosely.com, and Maintenance Made Simple. However, don’t assume that just because a franchise opportunity is home-based it automatically means a super-low investment, cautions Matt Boswell, CEO of Pet Butler, a pet waste cleanup franchise. Says Boswell, “The average Pet Butler franchise partner invests over $70,000 during their first year in business working from home.” (Read More)
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