Re-Creating the Idea of Business Ownership
Every business started out as an entrepreneurs dream. Most businesses focused on selling a product or a service; however, in the 1850's, I.M. Singer & Co. tapped into the idea of "selling the dream." I.M. Singer & Co. started what is now considered the first franchise.
The idea of selling a Business Franchise really took off in the 1950's and 60's with companies like McDonald's, 7-Eleven Stores, KFC, etc. The owners of these companies truly understood the benefit of residual income. One of the best assets of the franchise market is that it offered almost anyone with some extra capital to invest and a reasonable business sense, the opportunity to become a business owner of an already established company. This made it possible to own a business without the hassle of having to create a name, produce new advertising ideas, and starting from scratch developing trust with the public.
Today if you wanted to buy a McDonald's franchise it would take a minimum of $300,000.00 of investment capital. The average person simply does not have that kind of money sitting in a bank account just waiting for an investment opportunity. However, we now have this wonderful tool called the internet that is revolutionizing the business world.
The internet is great news for many of us who want the ability to own a business and who have the motivation and desire to succeed. It is now possible to own a business that has a proven track record with minimal financial investment and without the need to leave your home.
Byron and Lillie Zable
BnLZable@hotmail.com
http://www.MyKK-Home-Based-Business.com
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