By Bill Henthorn
The basic rule when thinking of owning any kind of business is the chances for success favor buying an existing business. There are pluses and minuses for either choice, but the statistics for success favor an existing business. The reasons become very obvious with a little study on the part of a potential buyer.
The cost difference
Is there a cost difference between the new franchise and buying an operating franchise? There can be quite a difference both ways depending on the financials of the existing franchise. If the business has good numbers and is showing a decent profit, it will be worth more than a franchise that is opened and started at a new location. The customer base has been started and, depending on the length of time the franchise has existed, the base could be significant and almost guarantee continued success.
Read the rest of this business idea »
By Bill Henthorn
eBay has become a great way to sell all kind of merchandise on the web. A person can start out by selling personal items they wish to get rid of and graduate to selling merchandise that they find or contract for. An eBay business can become a full time business and for some be a very profitable enterprise.
Read the rest of this business idea »
Why Buy an Existing Restaurant?
By Bill Henthorn
If you decide to buy an existing restaurant business, one of the benefits you will immediately realize is the privilege of examining its historical performance. This will allow you to make some very important business decisions. Your strengths can be of great use even if the restaurant was not profitable in the past, and your greatest hope can be to evolve a winning operation.
Read the rest of this business idea »
The Internet is a blessing to stay-at-home moms who want to earn money to supplement their family’s income. And one of the best ways for any mom to earn money online is through affiliate marketing which is an easy and proven money-making endeavor on the Internet.
Affiliate marketing is ideal for stay-at-home moms because it is a very flexible way to make money online. Moms can do it any time of the day like at night when their children are already asleep or when all household chores are done. And unlike having a full time job, affiliate marketing won’t require 8 hours of your time every day, 5 days a week, leaving you enough time for your family and for the things you really want to do. Another good thing about affiliate marketing is that to do it you don’t need any special equipment aside from your computer and Internet connection. You also don’t need any special skills or even a background in selling or business if you want to enter affiliate marketing. Read the rest of this business idea »
How To Run A Retail Store
By Bill Henthorn
Retail businesses sell all types of merchandise and are not limited to what is sold in a five and dime or a dollar store. The items sold could be clothes to skateboards to motorcycles. Any store at a fixed location that sells similar items each day could be considered a retail store. There are several facets to a successful retail operation.
Read the rest of this business idea »
How To Run A Construction Company
By Bill Henthorn
There are three separate entities that a construction company has to satisfy in order to remain in business for an extended period of time. Licensing by the state, county and city can be the first hurdle the construction company must conquer. There are licensing test that must be taken and passed in order to get the license to operate. When this is acquired, the insurance that most clients will demand you have can be obtained to cover the job liability. Having the license will also allow bidding on jobs and doing subcontracting work.
Read the rest of this business idea »
The Art Gallery And Gift Shop Business
By Bill Henthorn
A business that includes a picture framing business, an art gallery and a gift shop is a business that has an excellent chance of succeeding. If the location is high traffic this will get potential customers to stop and go through the gallery. If your shop is located in a tourist area you may get an entirely different group to visit your store depending on the time of year.
The gift and framing business should give the store a constant cash flow and the gallery will help the bottom line each quarter. Pictures and art works are an individual like or dislike. What one person would find a must have item another could pass on without a second thought. This means in the gallery you will need to have some variety of art and pictures.
Read the rest of this business idea »
Hardware Store Franchises - True Value And Ace Hardware
By Bill Henthorn
Almost every household in the country will visit a hardware store at least one a year. This potential for business is one of the reasons that a hardware store has always been one of the more popular businesses that an owner can start or buy.
The generic hardware store exists in the mind’s eye as a retail store that a person can go to and buy just the right nut and bolt or the odd sized screw. This mythical store is run by knowledgeable people who can answer almost anything that has to do with home repair. This is what the public has come to expect when visiting a hardware store. Some chain store outlets have gotten away from the help side of hardware stores and just sale products off the shelf. Getting answers to questions in these stores is not what the hardware store visit is about. The great help of the old type hardware store is missing. Except in those stores that are run the old fashion way and continue to prosper as their customers are repeat customers and would not think about going somewhere else to shop. Two franchises that carry on this tradition are True Value and Ace Hardware associated stores.
Read the rest of this business idea »
The Copy Store Business And It’s Opportunities
By Bill Henthorn
Combine a great location with walk by traffic, with quality equipment and a friendly staff for a successful copy shop. This combination makes for a profitable copy shop that can be bought or started from scratch. In either case, location is very important to the cash flow of the business. Many people need to make copies for all sorts of reasons. They will come to a store that is an easy drive and the store must have reasonable prices and solid equipment. These customers can be individuals or business people. It does not matter, as they both need good copies of an image or a text document. These new color copiers have increased the possibilities for customers to use your shop. The new copiers have also reduced the price of full color copies.
Read the rest of this business idea »
Vitamin Store Business Opportunity
By Bill Henthorn
Natural health buffs are great repeat customers and a well-located shop will do well if the shop has competitive pricing and knowledgeable help. These customers will become repeat customers for the store if they are satisfied they are getting good service and fair prices. Many of these customers are very knowledgeable about what they buy and why. Since this is the case, the staff better be very well trained, so they know what they are talking about. These stores can be part of a chain outfit or an individual store. A prospective owner can buy an existing store or open a new one. A store with a good location, fair prices and knowledge about the products will have a chance to do very well.
Read the rest of this business idea »
Book Store Business Opportunity
By Bill Henthorn
A retail store that buys and sells used books, rents books and sells new books is a profitable possibility for the right owner. If you can find one for sale or a great location with a rent that is affordable, then this business will have a chance for success. Like most retail businesses this type of store needs to have traffic to succeed. The problem with most of them is the chain store competition has forced them to sell without adequate margins in their selling price. A store does not have to beat the price of competitors; it just has to be competitive.
Read the rest of this business idea »
Interior Decorating Business Opportunity
By Bill Henthorn
Customers can come from both the business world and in private homes. Locating these customers is a matter of your company’s reputation, advertising and being in the right place at the right time. This is a skill business that can be studied and learned in a formal setting like a college. Some people have a better eye for the business, but a smart business owner can hire great talent if they are good at bringing customers through the door. Getting started can be as simple as doing it out of your home or buying an existing firm. You will need the foundation of some education in the field. A degree in the field will give you creditability and prior jobs will allow you show a portfolio. Another way to get started in the business is to work for a successful firm and learn from the talented people in the firm.
Read the rest of this business idea »
The Cabinet Shop Business
By Bill Henthorn
A cabinet shop can be started in a homework shop, but in order to do it right a person would need to have a spacious place to do the work. They would also need to have real experience in cabinetry and wood working detail. A knowledge of how to do the work and an artist eye would make a terrific combination to some one looking to own a business in this field.
Read the rest of this business idea »
By Bill Henthorn
Property management is a business that is regulated and requires a real estate license in many states. This first step requirement means that the potential buyer of an existing business would need to be qualified to run the business. They would also need to meet the same requirements to start one from the ground up.
Read the rest of this business idea »
By Bill Henthorn
People purchase flowers and plants as gifts and for their own enjoyment. This growing business niche should be considered like any other retail business with a perishable product line. There are two ways to become an owner of a floral shop. You could start one from the ground up and build the business. The other way is find one that is for sale and make the purchase. There are valid reasons to go either way. The big plus for buying an existing business is they have a following from an existing customer base. This fact will mean an immediate cash flow to the new owner. A purchase of an existing business will cost far more than starting one from scratch. This is the basic reason to start from scratch.
Read the rest of this business idea »
