10 Good Business Ideas to Start from Home

Good Business IdeasThere is nothing like having a successful home-based business. I’ve been working out of my home for years, and you can’t beat the freedom and flexibility this type of lifestyle offers. Another major benefit is the tax write offs. Operating a business from home opens the door to numerous tax deductions you could never take advantage of as a standard employee. Many people find the work-from-home lifestyle attractive, but they have difficulty finding a good business idea they can operate out of a home office.

2018 is shaping up to be a great year for the U.S. economy, and that means more opportunity for aspiring entrepreneurs to get into a good home-based business. There are countless good business ideas to start from home. Here are 10 that are easy to get into and can help you make money right away:

Driving for Uber or Lyft

I know what you’re thinking – hauling passengers around town in your car all day is the furthest thing from your dream job. I get it. But consider the benefits of being an Uber or Lyft driver. There is an extremely low barrier to entry (as in, all you need is an acceptable vehicle, insurance, decent driving record, and clean criminal history), there is almost zero cost to get started, you can work whenever you want, and you can earn cash immediately. Though it might not be a good business idea for the long-term, it is a great side business you can start to earn steady income while you are working on your true passion.

Senior Care Provider

As a work-from-home elder care provider, you can make daily house calls to seniors in your community to check up on them, do light housekeeping, cook meals, help them shop for groceries, or just provide general companionship. With the Baby Boomers retiring and 10,000 of them turning 65 every day, the market for clients is virtually limitless. If you are on a limited budget, you can start this as a personal service you provide and charge somewhere in the neighborhood of $20 to $25 per hour, depending on your location. If you have some capital to invest and really want to go big with this, consider partnering with an established and reputable senior care franchise brand.

Home Inspector

The U.S. housing market is heating up again in most areas of the country. And one critical step in the home-buying process is the home inspection. This makes it one of the best business ideas to start from home in 2018. Requirements to become an inspector vary by state, and if you have a background in real estate or construction, this is a major plus. Of course, it is also helpful to know others in the real estate industry as this is where your clients will come from.

Home Stager

Another way to capitalize on the thriving real estate market is as a home stager. If you have an eye for design and enjoy decorating the insides of homes, this could be a great business for you. A background as an interior decorator is extremely helpful, and as with the home inspection business, knowing people in the real estate world will be highly beneficial in building your clientele.

Handyman

Homeowners have continuous needs for small repairs around the house. And since many in the construction industry are too busy these days to take on smaller jobs, this provides a perfect opening for a handyman business. If you are handy around your own house, you may have what it takes to make it with this type of home business. All you need to get started is a good set of tools and perhaps a van or large pickup truck to keep them in. What makes this a really good business idea is the ability to market your services right out of the gate on sites like Craigslist and Takl. There are also handyman franchise opportunities for those who want a complete business plan with comprehensive guidance and support.

Bookkeeper/Tax Preparer

There are millions of small businesses these days, with new ones starting every day. One thing they all need is a bookkeeper. Many try to do this themselves, but they soon find out that this is a task that is far better outsourced to a professional. If you have a background in accounting, becoming a bookkeeper and tax preparer for small businesses is a good home-based business idea that you can quickly build a steady income with. You can use Craigslist to start building your clientele – just email local businesses that are advertising their services there and put your own ad there. This strategy alone should get you some new clients.

Personal Organizer

Are you one of those “Type A” personalities that loves to organize rooms and closets just for fun? If so, why not offer your services to your friends and neighbors and get paid to do what you love? People are overwhelmed these days, and many cannot find time to keep their homes organized. Become a provider by listing your services on Craigslist and Takl and you’ll be in business.

Graphic Designer

Businesses have a constant need for graphic designers to create logos, infographics, and other visual elements for their online and offline marketing campaigns. If you are the creative type, graphic design is a good business idea that you can start from home and market your services through freelance sites such as Upwork.

Web Developer

As of the end of 2017, nearly half of all businesses still don’t have a website. This provides a massive opportunity for someone with the technical skills to capitalize. Keep in mind also that web design is only the beginning of the web development opportunity. Once their site is live, they need content, search engine optimization (SEO), videos, social media pages, and a mobile web presence to truly establish a digital footprint. You can help businesses with these and many other services, and make a very nice living doing so.

Copywriter

Think about all the content that is out there these days – from traditional TV and radio ads to magazine ads to direct response sales letters to countless forms of digital content. Someone has to create all that content, and if a business does not have an in-house writer, then they need to look for a quality copywriter to do the job for them. There are numerous ways you can enter the freelance copywriting world. One course I really like is the New Freelance Writer Starter Pack. For an investment of around $500, you get everything you need to develop the skills and start landing clients with your new home-based writing business. If you have always loved to write but never thought you could get paid to do it, this might be the home-based business idea for you.

Choosing the right franchiseThis is just a sampling of the numerous good business ideas you can start from home. There are countless other business models out there, and there is no “one size fits all” model that suits everyone. The best place to start is by honestly evaluating your own passions, skills, and budget. Once you are clear on what you really want, then you will be ready to start looking at which home-based business ideas might be right for you.

 

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What are the Best Small Business Opportunities for 2018?

Today is the last day of November, and we are just a month away from starting another year. This week, it was reported that the GDP grew at a rate of 3.3% in the Third Quarter, and signs are pointing to continued economic recovery in the year ahead. For aspiring entrepreneurs, this may be the ideal time to start a new business and capitalize on the current state of economic growth. And with all the business opportunities available in 2018, there are a lot of options to choose from.

When someone asks, “what are the best small business opportunities for 2018?”, this is a very difficult question to answer. Everyone’s circumstance is different, and what might be an ideal business for one person might be a disaster for someone else. Before going further, you need to evaluate your own skills, passion, budget, family commitment, and other factors to see which potential businesses might be right for you. Because there are literally thousands of opportunities out there, and knowing your unique skillset will help you narrow down the choices.

In this article, I’m going to highlight 8 business opportunities that are hot right now and I believe will continue to gain strength in the coming years. Some of these are franchise businesses, while others are businesses you can start on your own. Franchise business opportunities are best suited for someone who has more capital to invest (or can gain access to more capital), and someone who wants an established blueprint and recognizable brand to partner with. For those who are more independent-minded and/or are on a limited budget, a non-franchise business model might be more appropriate.

So without further ado, here are 8 small business opportunities for 2018 and beyond:

Software Application Development

Are you a tech person? Do you have the ability to develop software? If you have these skills, the sky is the limit. Everyone is looking for the “easy” button; e.g., one-click automation that can accomplish tasks and solve problems. Demand for apps has skyrocketed since Apple came out with the first smartphone in 2007, and there is no sign of this industry slowing down. Creating apps is one of the most lucrative businesses out there. If you have the skills, this is a no-brainer. Even if you don’t have the skills, you can always outsource the work and oversee a very profitable business.

Senior Care

Each day, 10,000 Americans turn 65. This fact is creating enormous opportunities for those who want to serve our growing senior population. One thing is certain about the Baby Boom generation; they do not intend to go quietly into retirement. They are determined to stay fit and remain active, and the last place they want to end up in is a nursing home. To keep living in their house, however, they might need someone to come by and help them with certain tasks; such as meal preparation, light housekeeping, etc. In other cases, they might also need skilled nursing care at home. This is where you come in. Senior care is one of those businesses that hits the “sweet spot” of being both highly profitable and a great service for the community. And since you can operate out of a small to moderate-sized office, the overhead is far less than many other business models.

Facility Support Services

Cleaning, building repair and maintenance, security, moving, and other building support services are in high demand right now, with exponential growth projected until at least the middle of the 2020s. If you have a background in this industry and you have the organizational skills to put together a strong sales and fulfillment team, this might be the business for you.

Mobile Repair Services

We have an increasingly mobile society, and more and more consumers want someone to come to them to deliver essential services. This provides a strong opportunity to enter the mobile repair market. This could mean a handyman business (there are some franchise brands that focus on this niche), mobile mechanic, or other similar services. With apps like Takl out there, you can become a mobile service provider just by registering, providing a valid ID, and clearing a background check.

Food Trucks

Fast food on wheels used to be primarily the domain of hot dog and ice cream vendors. That is no longer the case. Today, there are numerous types of food trucks that are thriving out there. One of the benefits to this business model is you eliminate the cost of maintaining a set location. And once you have the truck up and running, you can adjust locations and find just the right places to reach your target market.

Children’s Services

Parents have always been willing to invest in the well-being on their kids. Today, there are several ways an entrepreneur can help them accomplish that. Children’s services encompass a wide variety of business models. Some of the most popular include day care/early childhood education, tutoring essential skills such as math, reading, and English, health and fitness for kids, summer camps, and many others.

Online Marketing Consultant

Digital marketing is a huge part of the advertising and marketing world that most “brick and mortar” businesses need help with. From building the initial website to search engine optimization (SEO) to mobile marketing to social media promotion, there are countless ways you can help businesses cost-effectively grow their market share online. If you understand the digital marketing world (or are willing to learn) and want to make a great living helping other businesses, this could be an ideal opportunity for you.

Freelance Writer

Do you love to write but never thought anyone would pay for the words you produce? Think again! Though you may not get your best-selling novel published anytime soon (then again, even this is easier than you may think through self-publishing), you can still do very well as a freelance writer. Freelance writing is closely related to online marketing. Someone has to produce all the content that goes on websites, blogs, social media posts, email newsletters, white papers, and other places. And companies are willing to pay good money for quality content.

If you think you have the skills to enter the freelance writing world, there is an excellent course out there that will get you started. It’s called the New Freelance Writer Starter Pack, and it teaches you everything you need to know about how to become a freelance writer, and how to get clients on one of the most lucrative freelancing platforms. The investment may seem a little steep (around $500), but for a detailed blueprint on how to enter one of the most profitable online industries, it is well worth it for someone with strong writing skills.

These are just 8 of the best small business opportunities for 2018. There are countless other opportunities out there, and we will be highlighting many of them in the weeks and months ahead.

 

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Steps to Opening a Franchise: Do You Have What it Takes?

Starting a franchise business is not easy. It involves extensive research to decide which business is right for you, then in-depth planning before going live. Though the beginning stages can be rough, the rewards for perseverance are well worth it. And in our current economy, these rewards may just materialize sooner than expected.

There are two major steps that need to be taken before opening a franchise:

Evaluations

Before you decide which franchise business to choose, you need to evaluate several different areas, such as:

Personal: What is your education and professional background? What types of experiences do you think would be applicable to your new business? How would you rate your risk tolerance? Are you willing to take big risks for potentially large payoffs, or do you prefer to play it safe? Are you a “big picture” person, or are you more detail-oriented?

Family: Your family life will play a major role in the success of your business. For example, if you are single, you likely have more free time to devote to a franchise venture. On the other hand, if you have a spouse and family, you need to make sure they’re on board and buy into the vision. Otherwise, you could be in for a bumpy ride.

Business Preference: Do you prefer an established and structured business model, or do you like to go it alone? Are you willing to invest in a business plan that can accelerate your success, or would you prefer to blaze your own trail through trial and error? Franchising is a great way to start a business, but it’s not for everyone. Some individuals want more flexibility in how they run their business and/or they have less capital to invest. In such cases, starting a business from scratch might be a better option.

Market Analysis: Who will your target market be? What is the level of competition in your local market? Does this business have a good chance of succeeding in the local market?

Franchisor Track Record: Not all franchises are created equal. Some offer more support than others, and some have more successful franchisees. Speak with existing franchisees to find out the pros and cons of each franchise brand you are looking at.

Resources: Do you have the available funds to invest in the franchise you are considering? If not, can you obtain the funding through family, friends, banks, or alternative lending sources?

Due Diligence

These days, there are hundreds of franchise brands to choose from across a wide range of industries. Of course, there are numerous in traditional industries such as food and cleaning services, but there are also up and coming industries such as senior care, where you can start a business for far lower overhead and take advantage of the largest demographic shift in modern history. There are even franchises for sales professionals who want to become entrepreneurs and finally earn what they’re really worth. You can deal with each franchise brand individually, but that would take hours of back and forth with sales reps whose job it is to convince you that theirs is the best franchise opportunity.

Unless you already have your mind set on just one or two franchises or you have plenty of time to deal with numerous franchisor reps, your best bet is to work with a franchise consultant. At National Franchise Business Solutions, we have access to over 600 franchise brands from virtually every industry, and through a multi-step process, we work closely with candidates to match them with the franchisor that best suits their passion, skills, and budget. Our advice is objective, and our consulting is free and unlimited. We have no pre-set agenda, except to help put you on the path to realizing your own entrepreneurial dream.

 

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E2 Visa Update: Is E2 Processing Slower Under President Trump?

Many foreign nationals have been rightfully concerned about U.S. immigration policies since President Trump took over. While campaigning, the president made clear that he wanted to crack down on illegal immigration, pledging to build a wall on the southern border to help address this issue. He also talked about the need to streamline the legal immigration system, to make it more merit-based and less family-based, and to ensure that those coming into the U.S. would make substantive contributions to society.

One of the areas in question is the E2 visa program. The E2 is an investor visa program in which foreign nationals can make a substantial investment in a legitimate U.S.-based business. The program allows investors to live and work in the U.S. while the business is active, and they can even bring their spouse and underage children with them. Although the E2 is not a permanent resident visa, it can be renewed indefinitely as long as the business is still operating. In addition, there are several potential ways an E2 visa can lead to a green card.

E2 Visas in the Trump Era

In recent years, the United States has approved around 36,000 E2 visas annually. This averages out to about 3,000 per month. Traditionally, the timeframe for the approval process has been 1-3 months as long as you have all your paperwork in order. Under the new Administration, there has been some minor tightening of the E2 process, but nothing that should deter a legitimate investor from pursuing this path.

Previously, the investor had always been advised to have at least $100,000 USD to invest in a business. Though this is not a firm number, it has been a good general guideline for approval. There has been some flexibility in the past with the investment amount, however, and applicants had been known to gain approval with a lower investment. Currently, we are advising that you have $100,000 USD at a minimum, but if possible, it would be best to come up with $125,000 to $150,000 just to be safe.

Another area of greater scrutiny is the type of business. The guidelines have always stated that the business you invest in must not be “marginal”. By marginal, they mean a risky business such as multi-level marketing or similar business models, or a business created for the express purpose of supporting the investor and his/her family. USCIS officers are now examining this more closely, and you need to be very careful which type of business model you choose.

The Ideal E2 Visa Business Model

In our experience, the best type of business for E2 visa applicants to invest in is a franchise. Franchise businesses work very well with the E2, because they are established brands which are well-known to USCIS officers. Another great advantage is that the franchisor provides a detailed business plan (another major requirement for E2 approval), and extensive training and support. The franchisor has a strong interest in your success, because their brand and reputation is on the line. For this reason, they will provide a high level of support to help you as a franchisee become successful.  

When people think of franchises, most think of fast food restaurants. And while it is true that food franchises can be lucrative, there are numerous other business models you can choose from. For example, you can be successful with a franchise in a wide range of industries, such as senior care, cleaning, health and fitness, children’s services, and even sales-based. In fact, at National Franchise Business Solutions, we work with over 600 franchise brands, and through a multi-step process, we match E2 visa applicants with the franchise business that best suits their passion, skills, and budget.

The Future of the E2 Visa Program

What can we expect for the next 3-7 years of the Trump Administration in regards to the E2 visa program? In our opinion, there will only be minor changes, and we have probably seen most of that already. It is important to keep in mind that the E2 investor visa is fully aligned with President Trump’s policy objectives. Trump wants to bring more investment into the United States and create more American jobs, and the E2 program does both. So if you are considering viable options for doing business in the U.S., the E2 visa remains one of the best programs available for foreign entrepreneurs.

 

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How to Choose the Right Franchise

Once you’ve decided that you want to invest in a franchise instead of Choosing the right franchisestarting a business from scratch, your next decision involves choosing the right franchise. With hundreds of tried-and-tested franchise systems already existing within every industry imaginable, how can you choose which one to invest in?

Here are 4 steps to follow when shopping around for a franchise business:

Evaluate Your Goals, Finances and Commitment

Before anything else, list your business goals and figure out what you want to get out of a franchise. Ask yourself these questions:

-What kind of business do you want to operate?

-What are you trying to accomplish with a business? (Earn money on the side, turn it into a full-time income, etc.)

-How many work hours are willing to invest in the business?

-Do you prefer to work behind the scenes or directly communicating with customers?

-How much income do you need the franchise to generate?

-How much money can you afford to spend to market the business?

-Where do you want to operate the business?

-Are you in this for the long-haul, or just short-term profit?

Your answers could help you develop a clearer picture of the type of franchise most ideal to your needs, commitment, budget, and business goals.

Do Your Research

If you prefer to do research on your own, start with the IFA Franchise Opportunities Directory that lists over 1,000 franchise systems. This database has an advanced search function, making it quicker for you to find franchise businesses by various criteria, such as industry, total investment, startup cash, and more. If you don’t have time to sift through all that data and deal directly with each individual franchisor, you may choose to work with a franchise consultant who can help narrow down your choices and find the franchise business that is right for you.

Choose a Niche

Now that you’ve discovered franchise systems available in the current market, you should have an idea what kind of niche you’re most interested in. Are you checking out the food industry? Or do you prefer the automotive, children’s services, or another industry? To narrow down your options, make a list of the franchise businesses you’re interested in, then create a chart where you could compare these important factors:

  • Is there a demand for the product or service in the intended site location of your would-be franchise?
  • How is the franchise’s competition? It’s more than likely that popular franchises may have existing branches near the site you plan to operate.
  • Identify industries that are resistant to recession.

Dig Deeper

Once you’ve filtered out unsuitable franchises from your list and narrowed it down to only suitable franchise options, it is time to perform some additional due diligence. Find information about the company, their track record, and success rates. Request a copy of their Franchisor Disclosure Document, which includes the franchise contract, names of current franchisees, and any legal issues the company has faced in the past.  Set up a meeting with franchisors and ask these questions:

  • What is the company’s track record? Learn all about their success rates.
  • Ask if you could talk to an existing franchisee or two for additional information. What better way to determine if the franchise is worth buying than to talk to someone who is currently running one.
  • What is included in the franchising fee? Does training, equipment, marketing supplies, or licensing rights require additional fees?
  • What restrictions does the franchisor impose on franchisees? How much control will you have to operate the business?

Starting a franchise business can be very rewarding and the fulfillment of a lifelong dream. But if you make the wrong choice, the dream could turn into a nightmare. Follow the steps listed above to choose the right franchise, and put yourself on the fast track to success.

 

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Tips for Starting a Successful Franchise

One of the biggest misconceptions about starting a franchise business is that there won’t be any more work involved after setting it up. It is true that franchising lets you skip many steps such as market research, product sourcing, production, and other processes that would normally be included when starting a business from scratch. However, for your franchise to succeed, you’d have to be proactive and follow these tried-and-tested tips:

  • Know the Ins and Outs of Your Business – Being given a tested business model is one thing, but running the franchise business is another. You’d have to be hands-on with everything, even if you’re planning to hand over the job to an employee. It’s important that you understand the cash flow that goes in and out.
  • Hire the Best Team – The niche of your franchise is not as important as the team you assemble. Whether you’re selling food, other products or services, the people working for you will either help or hurt your business. Your goal is for your franchise to be up and running in no time and hiring the best employees will help you through the initial phase smoothly.
  • Believe in Your Business – The franchise may not be your original idea, but once you’ve signed the franchise contract, consider the business as your own. You must believe in your brand and persevere no matter what.
  • Maintain Good Standing with Your Franchisor – You can always run the franchise on your own, as long as you follow franchising guidelines set by the franchisor. However, keeping an open line of communication with the franchisor could help you in the future should you encounter business-related problems. Franchisors would be more than happy to help and see you succeed, so use their experience and knowledge to your advantage.
  • Find Fellow Franchisees – Seek out fellow franchisees and ask them for advice when you need them. There’s no shame in asking questions that could help your business advance to the next level. Ask the right questions and implement sound advice you receive.
  • Be 100% Committed – Starting any kind of business requires a special level of commitment. Willingly give your blood, sweat and tears into the franchise. Business owners don’t follow regular 9-to-5 work hours; Expect to work overtime a lot especially in the beginning. If you’re willing to sacrifice your time and money to see your franchise grow, then you will reap great rewards down the road.
  • Have Patience – Franchise businesses will not succeed overnight. They take time, a lot of effort, and money for your franchise to get its footing. Be patient, work hard, dedicate all your free time in perfecting the business model and operation. As long as you do this, success is right around the corner.

 

Like traditional businesses, franchising takes real, hard work. Following these 7 tips can help you reach your business goals, increase sales, improve aspects of your operation, get you through the ups and downs of running a franchise, and hopefully lead you to become a franchisee success story.

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The Advantages of Franchising

The statistics of franchising success has been a debatable topic for years. In a study conducted in the 90s, a group of franchisors were asked about success rates of their franchisees and the survey averaged at 5% failure and 95% success rates. However, the data provided by franchisors were not verified. Even to this day, franchisors use this statistic to encourage people to invest in their franchise.

We all know that franchisors could easily skew statistics in their favor to sell people on their business model. To give you a clearer picture of franchising, let’s skip the numbers and tackle elements of a franchise business model that have been beneficial to the success of franchisees around the world.

  • Tested Business Model – One of the best parts about franchising is that you’re paying for a tested concept. Your main task is to follow the franchisor’s guide book to success, and skip trial-and-errors involved in starting a business from scratch. In most cases, franchisors would give you access to case studies, access to existing franchisees who you could talk to, and tons of detailed reports. Study them religiously, visit current franchise locations, and perform your own research, so you’ll have a more balanced look at the real numbers of a particular franchise.
  • Secure Financing Easier – In-house franchise financing is available for people interested in this business model, but they’re not known for having the lowest interest rates. But if you’re having a hard time securing a business loan from a bank, this could be a solution for you. Make sure to compare rates before signing on the dotted line.
  • Site Selection Assistance – Depending on the franchise you chose, franchisors could provide you with specifications for the most ideal franchise site. This may include type and size of location, ideal nearby tenants, traffic conditions, recommended rental cost, or a particular area. Some franchisors even provide a list of sites that you can choose from, but in these cases, you won’t have any other choice but to decide from that list.
  • Skills Training – Franchisors not only provide training for your employees, but you, as the business owner, will also undergo (often much-needed) education on business aspects such as accounting, management, and marketing. In some cases, franchisors even provide ongoing training for your staff to learn new skills.
  • Ongoing Support – Even if franchises are built from a proven business model, they can still suffer from the many challenges that ultimately come up in the marketplace. Fortunately, franchisors can guide you through rough patches and provide ongoing support during PR disasters that affect all branches, dismal sales due to seasonal changes, or other possible problems that may arise. Your success as a franchisee will reflect back to the franchisor, so you’d be surprised at how much a franchisor is willing to help you at every bump you encounter.   

Franchising isn’t a built-in-and-forget-it kind of business. There are also risks involved in going this route. In addition, franchising still requires plenty of work, much like a traditional business. But it remains an attractive business model because of the benefits listed above.

At National Franchise Business Solutions, we work closely with aspiring entrepreneurs to find the business model that best suits their passion, skills, and budget. For many, that is a franchise. But when you are looking for a franchise business, you don’t want to be limited to just one brand or even one industry. When you work with us, provide you access to over 600 franchise brands across a wide range of popular industries. Through a multi-step process, we help narrow down the decision-making process and introduce you to only the brands that may be a good fit for you.

 

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Franchising vs. Starting a Business from Scratch

Starting any business requires a tremendous amount of decision-making. One common dilemma Starting a Businesspeople face is whether to go with the franchising route or to start a business from scratch. It is a serious consideration, since your decision could ultimately lead to the success or failure of your new business.

The answer to this question depends largely on your business goals; whether you’re offering a product or service, and overall commitment and investment you’re willing to make. There are pros and cons to both options, which is why it’s important to weigh your options carefully before making a decision.

When to Choose Franchising

Franchising is a turnkey business, which removes all the guess work and trial-and-errors from setting up and running your brand-new business. In general, a franchise is best for people with:

  • Extra money beyond initial investment – When you find a franchise, you’re going to pay the initial franchise fee upfront. Then once operation begins, you’ll still have to set aside payment for ongoing franchise royalties.
  • No business background – Most franchisors assist franchisees with everything from finding a location, training the staff, providing suppliers, setting up the store, and even marketing your products. For those without a business background, this is a huge help.
  • No control issues – Franchising doesn’t offer franchisees much control over the business model, product offering and branding. If you want any aspect of the business changed, you’d have to seek approval from the franchisor.

If you choose this route, you must be ready for risks attached to franchising. For example, bad press from another branch, even if it is worlds away from your franchise location, could affect sales of your business negatively.

When to Choose a Startup

Building a business from scratch involves a plethora of steps, from market research to product sourcing or manufacturing, marketing and branding, training employees, inventory, and a whole lot more. The main advantage of going this route is that you’ll receive 100% of sales and have total control every step of the way. This method is ideal for people who are:

  • Risk-takers – Franchising requires a franchisee to take a risk once when signing the franchise contract, and then have to work on the entire business all the way through. When you’re starting a business from scratch, you’ll be faced with a lot of decisions wherein you’d have to consider the risks and benefits of every option. And because you’ll have plenty of trial-and-errors operating a business without a proven system, it could be costly in terms of finances, time and effort.
  • Hands-on – The majority of businesses that start from scratch and have reached success are led by owners who are hands-on. You’ll need to be front and center every step of the way.
  • Easy to adapt – Change is inevitable at the start of every business. You’ll have to change what doesn’t work and adapt quickly to avoid losses.

The risks of this route are plenty, but building a business with total control can be challenging, yet fulfilling.

Whichever route you take, it is important to perform market research and see if the franchise or business idea would work within your geographic location and target audience. It’s also best to seek advice from professionals who could guide you with the important aspects of starting a business.

At National Franchise Business Solutions, we take an object and even-handed approach to helping entrepreneurs get into a business they will be successful with. We work with over 600 franchise brands across a wide range of industries, and through a multi-step process, we are able to help you identify the business model that best fits your passion, skills, and budget. And if you find that franchising is not right for you and you would rather start a business from scratch or retain the security of working for someone else, that’s perfectly fine too. We’re here to help you in any way we can so you can find the business or career that best fits your passion, skills, and budget.

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How Will President Trump Impact the E2 Visa Program?

The election of President Trump sent shockwaves throughout the political world. And when it comes to immigration, there is a lot of uncertainty among foreign nationals about how friendly the new administration will be to newcomers, and particularly those who want to invest in a business through the E2 visa program.

In his inauguration speech on January 20, President Trump said this:

From this day forward, a new vision will govern our land.

From this moment on, it’s going to be America First.

Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families…

In the past, President Trump has expressed a desired to deport undocumented immigrants with criminal records and build a wall along the southern border with Mexico to keep illegals from coming into the country. And in his first few days in office, the president has taken actions toward enacting these policies.

The question is, what (if anything) will change with the E2 visa program under the new administration? The short answer to that is probably very little.

The president does have the authority to make some adjustments in the number of approvals, but he cannot do away with the program without an act of Congress. In 2015, there were over 40,000 E2 visas approved, and when the numbers are available on 2016, they will likely be similar. The good news about E2s is there is no yearly cap, so there is no point in the year when they stop accepting applications because they have reached a yearly limit. There are, however, some loosely defined terms in the current E2 visa law.

For example, the law states that you must make a “substantial” investment in a U.S.-based business. Until now, $100,000 USD has been used as a safe guideline to meet the definition of substantial. Under President Trump, this figure could be adjusted slightly to maybe $125,000 or $150,000. The law also states that you must invest in a business that is “non-marginal”. This has been taken to mean a real, bona-fide business, rather than some marginal money-making scheme.

So how does an immigration officer know if a business is real? Usually by reviewing a detailed multi-year business plan. Under the new president, these plans will likely be looked at more closely. This makes it more important than ever to choose a business model that will be considered real and with a strong likelihood of success. And this is why E2 visa franchises are among the best options for foreign investors who want to do business in the U.S.

By investing in an E2 visa franchise, you are purchasing a business with a name brand that is known to USCIS officers, and has a proven track record of success. Franchisors also provide the strongest training and support to their franchisees. Remember, it is in their best interests that you succeed, because their name and reputation is on the line. The USCIS knows this too, which is why they are far more likely to approve an E2 applicant if they are investing in a franchise.

So which franchise brand is right for you?

This is always a difficult question. There are literally thousands of franchises across a wide range of industries, and it can take countless hours to filter through all that information. At Franchise City, we offer a better solution. We work with over 600 of the top franchise brands in the U.S., and through a proven multi-step process, we match foreign nationals with the franchise that best suits their passion, skills and budget. In addition, we work with some of the top E2 visa lawyers in the country to help ensure a smooth and seamless application process. For a comprehensive overview of our E2 visa program and how we can help you realize your American dream, go to https://franchisecity.net/visit/e2-visa/.

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