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How
you can gain financial security through owning a Cash Now
Australia & NZ Franchise:
The Benefits
are Many...
1. Earn What
You're Worth! Thousands of franchise owners report they were handicapped
in their corporate careers by company policies that put a cap on
their earnings. When you own your own company, your efforts are
rewarded and your personal income shows it!!
2. Building
Equity and Financial Strength comes to those who succeed in owning
a successful business. A recent survey indicated approximately 75%
of all millionaires own their own business. If great wealth is one
of your goals, entrepreneurship is the answer.
3. Satisfaction
of Achievement! Many business owners report that seeing their actions
turned into reality without stagnating for months in committee meetings
(as often happens in big companies) is a major reward of owning
their business.
4. Gain Tax
Bonus (perks) The Australian and New Zealand tax codes reward small
business owners. While company employees buy most things in after-tax
dollars, many entrepreneurs can write off expenses for major purchases
such as automobiles, insurance, and travel, as well as paying their
spouses and children for doing part-time work.
5. Choose Your
Own Job Description! When you're the owner, you can delegate certain
aspects of the business to others and create a job description that
suits your personality, skills and interests. Naturally, the industry
you choose and the size of your operation will affect your flexibility
in this area.
6. Control Your
Future Business! Owners live the scripture "You reap what you
sow." You can plan your work schedule around family needs and
recreation--if you're willing to delegate duties to your employees.
7. Never Transferred,
Laid Off or Fired! Major companies are notorious for relocating
their employees and downsizing their staffs at the most inopportune
times! When you run your company, you'll decide when and where to
operate.
8. Why a Franchise??
There are many reasons why franchising is the best type of operation
for the majority of first-time business owners. Most revolve around
the increased probability that the business will succeed and provide
profits to the owner in a shorter time frame than an independent
business. This allows the owner to address both her/his own personal
and financial goals.
9. Lower Costs
Than an Existing Business! When buying an existing company, you
will usually pay the seller 2.5 to 3.5 times its earnings. Starting
a franchise is almost always less expensive.
10. Less Risk
Than an Independent Start-Up! Napoleon Hill, in his classic book
"Think & Grow Rich" suggests that one spend 3 to 5
years as an apprentice in an industry before considering owning
a venture in that field. Buying a franchise eliminates this need
and puts you on the road to success quickly.
11. Gain Advice
on Site Selection, Unit Design, Operations, Capitalization and Marketing!
A good franchisor provides instruction and support on ALL aspects
of running a business in its industry. It's as though you have been
hired and trained to open a branch for a major national company--Except
that you OWN the "branch".
12. Receive
a Proven, Profitable System for Doing Business! When you've had
a chance to talk to other franchisees, you'll recognize how important
it is to have a system to follow for your venture. This plan is
easily worth US$100,000 or more. Luckily, franchisors typically
charge $25 to $50,000 for an initial fee (similar to a down payment)
and then accept a percentage of sales as an ongoing royalty for
the use of their name and business system. These are good investments
in return for the improved probability of success; the quicker sales
growth curve; the research and development of future products and
services offered by the franchisor; and the business plan.
13. Benefit
from Quality Research & Development! Most small business owners
are just too busy making money to research the future trends in
the industry and develop new products or services to meet the needs
of their customers. A franchisor will always be searching for ways
to make his/her network more successful.
14. Gain Access
to Trained Support Personnel! Your royalties and advertising fees
provide for regular improvements in the franchisor's systems and
these are provided to you for implementation in your venture.
15. Quicker
Start-Up Than Independents! A proven plan out paces an independent's
hit & miss operation almost every time. Looking at just independents
that succeed--you'll find that franchises grow quicker, reach break-even
sooner and succeed more regularly than others in the same industry.
Well, you can
tell I'm sold on franchising, but what about those who own a franchise??...
A recent
Gallup poll of 994 franchise owners: produced the following snapshot
of the industry.
- 94% considered
their franchises successful. (How many employees would say their
companies were succeeding?)
- 75% said
they'd "do it all again". (Most employees seem dissatisfied
with their work, pay and prospects for advancement.)
- 6% reported
unhappiness with their franchisor (No industry is perfect, but
the media's reporting of unfairness seems overrated.)
The
average pre-tax income was US$124,290. (Well above average salaries
for almost any other industry.) These poll results arise from
one fact---Franchising Works!! Total Gross Sales through Franchised
businesses exceed $800 BILLION! That's 35% of all U.S. retail sales
& services!! There are over 8 Million workers employed in over
100 franchised industries.
A NEW FRANCHISE
OPENS EVERY 8 MINUTES OF EACH BUSINESS DAY
A total of
over 40,000 new franchises opened in '96. In addition, studies prove
that franchises survive! Government studies show that 77% of independent
businesses close their doors within 5 years of opening. Only 8%
of franchises close in the same time period. That's only 10% the
failure rate of independents!! Some well known examples of very
successful franchise operations are:
Singer, Coca-Cola,
Ford, and McDonald's. These are registered trade names of Singer
Sewing Machine Company; Coca-Cola, Inc.; Ford Motor Company, Inc.;
and McDonald's, Inc. respectively.
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