by Jerry Rieder Certified Franchise Consultant
low risk, HIGH
REWARD Three tempting categories to consider in home-based franchises
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bout 52% of small businesses are home-based, with some 38 million in the United States. These businesses are managed over the phone or online, can be full- or part-time, and require little or no traveling or client interactions. Depending on the business, the owner might never need to leave the house or may work on job sites as well as from home. Home-based franchises typically cost less than traditional ones because of lower fees and minimal overhead— there’s no storefront to lease or buy, heat and cool, or pay taxes on. And with a franchise, as opposed to launching a from-scratch company, the business already enjoys widespread brand-name recognition with proven procedures and processes in place.
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FranchiseDictionaryMagazine.com
Home-based business opportunities are diverse. Popular and successful industries include education and tutoring, senior home care, cleaning and janitorial, management/ business services and financial consulting, marketing services, and home improvement/maintenance services. Home-based businesses have a lot going for them, but here’s one caveat: You need strict discipline for separating your home life from your professional commitment. If you can stay focused, ignore distractions, and keep to a schedule, it could be the right option for you. Does running a home-based franchise sound good to you? Here are three in-demand, high-growth categories to consider.
