Richard Parker Discusses Buying Franchises with Lance Hood of Success Insiders Millionaire`s Club
Released on: April 28, 2008, 1:11 am
Press Release Author: Success Insiders
Industry: Financial
Press Release Summary: It seems that when it comes to business ownership one of the first ideas that come to mind is purchasing a franchise. There are franchises all over the country. How can someone be sure to purchase the right franchise?
Press Release Body: During a recent interview with Richard Parker, business owner and consultant, Lance Hood discovered great information for a potential business owner to learn about the advantages and disadvantages of buying a franchise. Statistics show that a franchise opens up every eight minutes in America. A franchise has been defined by an industry expert as a glorified startup business; records show that 86% of startups fail within the first five years.
Richard goes on to explain, "I don't want to be misleading; Franchises really do make sense for some people. If you're cut out to operate a franchise, then don't buy a new one; buy a resale that is already successful, an existing business with a proven track record. Customers, employees and suppliers are already in place, cash is flowing and you have all the benefits of buying an existing business," Richard explains.
Franchises are typically perfect for people who are able to follow orders. In order to find successful resales franchisers themselves will disclose this information. One can also find many websites that offer businesses and franchises for sale. Richard Lance is a mentor who offers a step-by-step program designed to teach people how to purchase businesses. In his program, he goes over 25 things that you absolutely must know about a franchise contract. For example, is the contract transferable or will the buyer have to enter a new agreement? Is there a limitation preventing the buyer from owning other franchises or even multiple locations? Will the franchiser assist in the finance? These questions and many others are covered in Richard's program.
Lance Hood of Success Insiders Millionaire's Club was so impressed with Richard's knowledge of business ownership that he made him one of his featured experts. Go to http://www.successinsiders.com/ to ask Richard Parker questions and get expert answers.
SuccessInsiders.com is committed to helping people succeed, both personally and professionally, by providing them with interactive access to an ever growing team of Millionaires and Experts in wealth creation and personal development. By following the guidance and strategies, through interviews, expert Q&A, telecoaching and other resources offered by people who have already succeeded, a person's chance for success is greatly increased. Visit a Team of Experts willing to share their Insider knowledge on how to create wealth in all areas of your life http://www.successinsiders.com/home.html
CONTACT INFORMATION: Heather Thomas (641) 715-3900 ext. 7576941 support@successinsiders.com
This Press Release has been submitted by PREasy.com
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