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Identify the perfect franchise for you! Take our short quiz Find your franchise match!

Top Five Business Ideas for 2015

One of the things that makes Americans unique is that all of us have a bit of entrepreneurial spirit. Our country was built by people like yourself, who were ready to open their own business and become the economic leaders of tomorrow.

Restaurant Owner

Even if you’ve decided you want to start thinking about being your own boss, you need an idea of what type of business is right for you. Businesses come in all shapes and sizes and figuring out what works is vital to running a successful and profitable operation.

So here are the top five business ideas for you to consider opening in 2015:

  1. Restaurant Everybody has to eat, right! Americans absolutely love dining out, so running a restaurant can be incredibly profitable. Plus, opening a restaurant is one of the most fun things you’ll ever do in your life.
  2. Senior Care Americans are getting older, fast. As the Baby Boomers retire, the demand for qualified senior care is skyrocketing. Senior care businesses usually work by providing in-home care to people as they age. An owner of a senior care business focuses on finding new clients and usually hires others to actually provide the care.
  3. Business ServicesBusinesses spend billions and billions dollars a year that the general public never knows anything about. Services such as staffing, handyman work, cleaning, painting, marketing, billing, and consulting of all different sorts all make money by servicing business customers. Depending on what your skills are, you may find that you can easily fit into one of these businesses.
  4. Fitness As the health and fitness revolution continues, the demand for excellent fitness training is clearly outstripping supply. People are demanding quality gyms as well as in-home trainers to help them achieve their goals of living a healthier lifestyle.
  5. Home Based BusinessAlthough this isn’t a type of business specifically, working from home and owning your own business has never been easier. With technology making our world smaller and smaller every day, you should definitely consider running a business from home. It will allow you to balance your life in ways that you can’t imagine.

With any of these business ideas, starting a franchise is the easiest way to become an entrepreneur. Rather than having to deal with the stresses of doing everything from scratch, you can rely on established franchise systems to provide you with a turn-key business model.

If you’re interested in any of the business types above, click on the name to see franchises that are looking for new owners in your area.

If you’d like some help being matched with franchises that fit you best, click here to take our brief franchise matching quiz. A few simple questions will allow us to understand which type of businesses will work for you.

Franchise Disclosure Document for Dummies – Part 8

Item 20 consists primarily of 5 tables that provide information on the number of franchised and company-owned outlets operating under the franchisor’s brand and business system.

"Buying" A Franchise

Here at FranchiseHelp we’re constantly asked about the opportunity to buy a franchise. Unfortunately I’m going to have to tell you something that might disappoint you. You can’t “buy” a franchise. In reality you are engaging in a “leasing” transaction rather than a “purchasing” transaction. Why is it a lease? In any franchise deal, the franchisee receives the assets up front, but only for a period of time - the term of the franchise agreement. The term of the agreement may run for five to ten years, or in some cases it may run for as little as a year or two. At the end of the day the renewals of these agreements are at the option of the franchisor, and the reasons for not renewing an agreement should be completely spelled out in the Franchise Disclosure Document (FDD) and franchise agreement.

Get Your Franchise Audits and FDDs Done Early for Renewal Season

Renewal season means different things for different people. Here are a few important tips to keep in mind: