The idea of starting a business is compelling; however, there are chances the business might not end up being as successful as planned. The best move may be to buy and grow an already established company. According to Rick Grossmann, author of "Franchise Bible," buying a franchise leads to a higher success rate than starting a small business.
"The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners," said Grossmann. "Though each business is independently owned and managed, all franchises share in the collaborative benefits of the organization through the support and oversight of the franchise."
Along with collaboration and support, owning a franchise offers a variety of business resources and opportunities.
"Franchisors usually create comprehensive operation manuals and training programs for their franchise owners that cover marketing, operations, accounting, technology and other areas that are specific to the particular business model," Grossman explained. "These efficiencies are designed to enable franchise owners to earn more and spend less time and effort than otherwise would be required to open and operate a similar business on their own."
Franchising is just one of the many options want-to-be entrepreneurs have. Aspiring owners who aren't sure where to start should consider looking into websites, which direct you to the best businesses and properties for sale. From there, you can decide which best fits your entrepreneurial goals and budget.
Editor's note: Considering opening a franchise? If you're looking for information to help you choose the right one, use the questionnaire below to have our sister site provide you with information from a variety of vendors for free:
Here are seven websites to help find the perfect business for you.
BizBuySell.com boasts that it is "the internet's largest business for sale marketplace" and offers users options to buy a business or franchise, sell a business, get help with financing, and more. Users can search for businesses by category, state, and country. They can even set a minimum and maximum price. You can search franchises by type, state, and amount of capital you have available to invest. Another helpful feature is that you can search for a business broker near you.
Search on BizQuest.com for your desired businesses, franchises, or business brokers by location and business type or industry. Perks for sellers are good, too: BizQuest.com allows you to post ads. The ads are then shared on the company's partner websites, such as The Wall Street Journal and The New York Times. BizQuest.com also gives you the option to browse listings in top cities as well as the most popular franchises and industries.
BusinessBroker.net has more than 30,000 business-for-sale listings just waiting for you. The site allows you to search for businesses and franchises, find brokers, and see listings by industry and location. BusinessBroker.net also has a finance and loan center that offers professional help to guide you in your business-purchasing decisions.
DealStream.com has more than 15,000 active business-for-sale listings around the world. Sellers can post ads for free and connect with more than 500,000 entrepreneurs, investment bankers, and business brokers.
This website currently has more than 73,000 business listings in the United States and around the world, including available franchises. Users can search by business sector, location, and business requirements, such as "Work From Home" or "Owner Financed" to find the perfect business for them. BusinessesForSale.com also has features, such as email alerts and a service directory, for those who need accountants, brokers, and lawyers.
With more than 500,000 listings available, it's easy to understand why LoopNet.com is a reliable resource for discovering businesses for sale in your region. LoopNet is available in app form (on Google Play and in the App Store) to browse listings whenever and wherever, making it easier for business owners and entrepreneurs with busy schedules.
Additionally, the site has partnered with commercial real estate firms, including Century21, Cushman & Wakefield, CBRE, Sperry Van Ness and Re/Max Commercial.
If you're looking to sell your current business, LoopNet provides the opportunity to list your business.
BusinessMart.com has both businesses and franchises available as well as resources and services to help you get funding. It also allows you to search by location and business category, and search franchises by your available capital.
Interested in selling your business? BusinessMart.com offers ad listings that reach thousands of buyers. Additionally, their site allows potential buyers and small business owners to receive quotes from vendors for services such as phone systems and credit card processing to help grow their businesses.
Wondering how much your business is worth? Thinking of selling? Get your report card from our sister site, Business.com. Soon that site will also have a section showing businesses for sale.
Additional reporting by Brittney Morgan (Helmrich) and Shannon Gausepohl.