How to find the best franchise for you

Finding out what the “top franchise” really is varies from person to person. It is important to keep an open mind and find the best franchise for you, not the person next to you or the person you are working with right now. There are a few things that can help you get on your way to finding the best franchise for your needs.

There are thousands of franchises to choose from, it just depends on how much money you are willing to invest and where you are looking to start. If money isn’t an issue, according to the Entrepreneur’s Franchise 500 list of America’s Top Franchises, Subway ranks first. Quiznos sub, curves, UPS and Jackson Hewitt Tax Service round out the rest of the top 5 franchises. You can find a complete list of the 500 best franchises at:

http://www.entrepreneur.com/franzone/rank/0,6584,12-12-F5-2006-0,00.html

Just because these are the best franchises on “the list” does not mean they are the best franchises on your list. The franchises topping your list should be businesses that you have experience and interest in, businesses within your price range, and a business that is in your demographic territory. There is no point in investing in a franchise that ranks high on America’s top franchise list if it’s something you have no interest in.

It’s important to remember that franchise contracts often last between 10 and 25 years, so take the time to do your research. If you have the money and interest in one of America’s leading franchises, you will have more power to succeed. However, many entrepreneur seekers do not have the financial stability to be able to invest in such high priced businesses.

Some other lists that may be worth checking out on the same website include the top low cost franchises, the fastest growing franchises, and the best of new. Sometimes investing in a new franchise can pay off if you jump-start the business industry and you invest while it’s in the development stages. However, it is important to consider the risk of starting new businesses, as they have the possibility of failing like any other business. Going into mature businesses is a bit more reassuring knowing that they are successful and continue to grow.

http://www.entrepreneur.com/franzone/rank/0,6584,12-12-LO-2006-0,00.html

All in all, when determining what the “top franchise” really is, it’s best to do your research and think about what suits your needs. At the end of the day, it’s your business franchise that you’ll invest in, not the top 10 franchise lists. So, look for a business that relates to your financial status, past experience, and business interests.