Many people can not afford the luxury of a full time business or employment. Rather then seeking a part time job, they would rather be in control of their lives. The problem with most businesses is that they are only profitable if run full time.
This begs the question what are the characteristics of a part time franchise business? The answer is that a part time franchise needs to have a blend of the following ingredients:
1) Low overheads 2) Flexible working hours 3) No need for large premises 4) Few if any employees 5) Minimal requirements in terms of equipment 6) No stock or minimal stock requirements
So what types of franchises are suitable for people who have maybe 20 hours a week to spare and would like to be their own boss? After spending time researching the market, I have found these niches that can satisfy the above requirements:
1) Business cost management - a franchisee is trained to visit companies and analyse areas where cost savings can easily be made. The franchisee makes a percentage of the savings. Many companies are so busy running their companies that they overlook many areas that, with a little effort, could save a lot of money.
2) Financial Solutions - This franchise opportunity arises because people simply don't have the time to analyse all the options available. The franchisee arranges loans, mortgages & pensions for people by analysing what's available on the marketplace and producing a report with a quick comparison.
3) Car Valet - a franchisee - well equipped - with a van, powerful cleaning equipment and the right chemicals can easily clean 6 cars per hour. It doesn't take a genius to realise that a healthy income can be made by doing work professionally that other people don't want to do!
4) Vending franchises - With this business opportunity, the franchisee has to persuade businesses with healthy foot flow to keep a vending machine on their site. The profits are then split equally between the supplier, franchisee and the site provider.
5) Childcare franchises - They do what they say in the title! Many people are caught trying to take care of their children who happen to finish school a couple of hours before they finish work!
I have named only a few opportunities, but in reality they are many and varied. Other options include therapy, cleaning and food delivery franchises.
Please remember to take financial and legal advice before committing to any new business opportunity.
More people are finding freelance employment outside of their regular day jobs. They leave the security of their regular employment to move on to the challenges of freelance employment. Freelancing has become a career choice for many people who enjoy the benefits that it offers. Freelancers often attribute their interest to freelance employment to the following factors:
? Wider range of job opportunities;
? Fast turnaround of projects;
? More freedom to choose projects of choice;
? More flexibility to work on different jobs on a simultaneous basis; and
? High income rates
Do you have what it takes to freelance? Before you take the plunge and begin the journey of working at home, read through the following steps.
1. Determine the amount of money you'll need to earn to sustain your expenses. If you have a day job now, you will save a lot of money once you make your shift to freelance employment. If you begin to work at home, you will save a lot of money from commuting, food, taxes, and more.
2. Take a self-assessment test. List all of your skills and experiences. Include your hobbies and interests; doing this will determine what types of freelance jobs you can handle. Do you keep a personal website? Then perhaps you can freelance as a website designer? Do you keep a personal blog? Maybe you can freelance as a writer or blogger? If you know how to conduct searches on the Internet, you can write about any topic that may be given to you.
3. Visit websites offering freelance jobs and see what jobs are currently offered. Take notes and keep a list of these jobs. You should also be on the lookout for companies and organizations which use freelancers for their projects. Look at how much they pay freelancers and pay attention to the different rates for different projects. Keep a list of these important details as they will surely help you in estimating how much you should charge for a project.
4. Try to estimate the costs of a project if the client were to award it to you. Keep in mind the number of hours or days it might take you to complete. What would you need to charge for an hourly rate? When you have done this, you will be able to determine how much you could potentially earn.
5. After doing all of the above, you can start applying for freelance jobs. These jobs will help you earn some amount that you can later use after quitting your day job.
6. Once you have confirmed that the projects have been awarded to you, use a table to plot specific data about them. Write down all the information about these projects such as contact persons and their contact details and number of days to complete the projects.
7. As you begin freelance work, you will start to feel the flow of freelance employment. Bear in mind that you will not get all the projects that you want, so apply for different jobs. Be cautious when taking on several jobs. Don't take on more jobs than you can handle.
8. Always track your freelance jobs and how often clients pay you. When you have developed an effective system of securing freelance work (and getting paid for your time), then you might feel you are ready to quit your day job.
An excellent resource to learn about launching a freelance career is Andy Anderson's book or audio book, ?How to Make Money from Home as a Freelancer,? published by PaydayPublishing.com.
Both Naz Daud & Melissa Gallagher are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Naz Daud has sinced written about articles on various topics from Real Estate, Ezines And Newsletters and Business Promotion. Naz Daud is the founder of CityLocal. . Naz Daud's top article generates over 60500 views. to your Favourites.
Melissa Gallagher has sinced written about articles on various topics from Work From Home, Web Development and Careers and Job Hunting. Launch a freelance career today! Download Melissa's free e-book, , at www.WritingCareer.com or visit her blog at. Melissa Gallagher's top article generates over 9900 views. to your Favourites.