Self Employment – Exploring Your Options

Nov. 20, 2010 - PRLog -- But franchise ownership isn't an easy shortcut to success. As with any other kind of small business, it's up to you to commit the finances, time and effort to meet both the franchisor's goals and your own. That's why it pays to weigh the pros and cons of franchising to make sure it's right for you.

According to the International Finance Association (IFA), franchised businesses are growing at a rapid pace. Some 400,000 franchised businesses now employ nearly 10 million people with a payroll of $230 billion. There's always a hot new franchise on the scene.

As you research franchises, ask about the required experience, if any, as well as the expected hours and personal commitment necessary to run the business. You also should learn about the franchisor's background. For example, what is the company's track record and how are other franchisees in the system doing?

The upfront cost of buying the franchise is crucial, of course, but so is how much you'll pay for the continuing right to operate the business. Also, what products or services will be required to buy from the franchisor?

“There is always risk when you start your own business but as a franchisee the chances of success are much greater” says ACFN (American Consumer Financial Network) President and Founder Jeff Kerr.  “We offer people control over their financial future. A compelling proposition, for many people in these uncertain times.”


ACFN ATM Franchise Business is headquartered in San Jose, California, where the company was ranked  the 43rd Fastest Growing Private Company in Silicon Valley for 2007 – 2009  by the Business Journal.


“If you're new to franchising, you need to think like both an investor and an entrepreneur and thoroughly vet any opportunity before buying a franchise’’ says Avi Blankroth, Executive Vice President of ACFN.

The "Franchising Basics" section of IFA's website — www.franchise.org — offers extensive information on how franchising works, as well as online discussion forums that cater to prospective owners and a searchable database of more than 1,100-plus franchise opportunities.

Don't forget about your financing. If you're considering applying for a loan backed by the U.S. Small Business Administration, visit the SBA's Franchise Registry at www.franchiseregistry.com. This service lists names of franchise companies whose franchisees enjoy the benefits of a streamlined review process for SBA loan applications. A faster review means better, faster service, allowing you to get your franchise off the ground sooner.

Even if the franchisor is not a Franchise Registry participant, your loan application still will be reviewed individually by the SBA or its lenders.

About  ACFN

http://www.youtube.com/watch?v=y2DuNabUgNA



Find out how you can benefit from ACFN to help deliver return on investment, positive cash flow and improved revenue.

More information is available at:

http://www.acfnfranchised.com/

American Consumer Financial Network (ACFN)
111 W. St. John St
Sixth Floor
San Jose, CA 95113

Tel: 888-794-2236

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ACFN is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses. Providing ATM services since 1996, franchised in 2003 with 165 franchises, 1350 ATM Machines in the US and Canada.