Home-Based Business’ on the Rise

 

Starting a home-based business isn’t a just trend anymore. It’s part of the new reality of the American workforce.

The dreams of working at home and being your own boss are very much alive and go hand-in-hand in the modern workforce. It is now possible to start almost any kind of business from home, with enough money, effort and time. Home based business’ have generally low overhead and tend to be the easiest to start up.

That’s not to say that it’ll be easy. With the rise in working from home comes more competition from other home-based businesses. And any new venture will require at a minimum some serious market research and possibly some fairly complex licensing and legal maneuvers.

But don’t let any of that hold you back. With the right guidance and some serious preparation, you can be part of the booming home-based economy. That’s where being a part of a franchise system benefits. You can rely on the franchisor to help with guiding your business efforts and much more.

Take the leap, start your home based business with High Touch High Tech today!

Why You Should Buy a Franchise Instead of Starting Your Own

 

It is very rare a person will have all the natural expertise in every area of starting a successful business. Franchises provide an organized way to start, operate and grow a business. If the franchise is successful it should give you the whole framework of how the business is started.

Each business is individually owned and managed, however it gets to use all the benefits of the organization with the support and care of the franchiser.

Including:
-Group advertisement.
-Benefit of using known and legit services, trademarks, proprietary information, patents and designs. 
-Training from head quarters successful operators.
– Lower risk of failure and loss than starting a business from scratch.
– Complete operational assistance from the franchiser, during the beginning of start up and after in financing, accounting, employee training and operational.

Government research in previous years has been found that the success of franchise owned businesses verse non-franchise owned/ small businesses are much higher than the non-franchise businesses.

 

Quick tip!
If you chose a franchise that is in an area/ skill you really love, there is a much higher chance of succeeding and enjoying your job and company! 

 

 

References:  https://www.entrepreneur.com/article/286212

 

 

 

 

 

4 Online Passive Income Ideas


What is passive income?
It is a way to earn money with out being involved after the initial steps have been set up. The idea is to make money with out putting in any effort, essentially make money while you sleep.
 
1. Start a blog
Find your niche and write about it. Seems pretty simple and once you get a large enough following it will provoke different markets and products to use your platform to sell a variety of things based on your topic. A good understanding of how to market through social media would be required for this to work.
2. Write and publish an e-book
Write a non-fiction e-book on a topic you are well versed on is a great way to make income because it has virtually no over head and you don’t need to mail anything out. Preferably only non-fiction because fiction is not as profitable because of the massive market already created with Amazon and kindle.
3. Create an online course
An online course can take a lot of work up front to create. Finding your niche is best way to utilize the technical skills from your topic and create a course based on that. Once created like the e-book everything is automated and ready to go for your passive income.
4. Make a smart phone app
It is not the easiest thing to make with out the correct knowledge but it is possible to research and learn how to make an app. With the right idea an app can take off once made and be a great success like Instagram or Uber.

 

 

 

 

 

Sources:

https://www.entrepreneur.com/article/284459

What Kind of Entrepreneur Are You?

Image Source: Pixabay.com

When it comes to these six types of entrepreneurs, which type are you?

  • Hustler
  • Innovator
  • Machine
  • Prodigy
  • Strategist
  • Visionary

The Hustler is an enthusiastic go-getter who can sell just about anything. They are supremely confident and conscientious and won’t let anything stand in their way. Zig Ziglar and Mary Kay Ash are great examples of this type of entrepreneur!

The Innovator is typically always forward-thinking and adventurous. They constantly seek to challenge old ideas, and find new and unconventional ones.

The Machine simply gets things done. Equipped with an aptitude for solving problems and a high level of efficiency, they always deliver quality.  Bill Gates is an example of a Machine Entrepreneur!

The Prodigy is blessed with an inborn business sense and instinct. They have natural intellect, a stoic demeanor, and strong social skills to help guide them to success. Elon Musk is a great example of a Prodigy Entrepreneur.

The Strategist is a creative and tactical thinker. They are always calculating a game plan. Their habit of long term thinking leads to success.  Two notable Strategist Entrepreneurs are Steve Jobs and Martha Stewart.

The Visionary combines new and innovative ideas with the drive and enthusiasm needed to rally the masses behind them. For example, Oprah Winfrey!

 

 

So… which profile are you? Perhaps you don’t quite fall into one of the six categories but are more of a mixture! Either way all six types of entrepreneurs are needed and very valuable!

 

 

 

 

Source: http://www.inc.com/larry-kim/which-of-these-6-types-of-entrepreneur-are-you.html

Starting a Franchise: Buy New or Established?

If you’re looking for a great launch pad to owning a small business, a franchise can be an ideal place to blast off. We’ll help you reduce the hemming and hawing over whether to buy a new or existing franchise.

Becoming a franchisee can be a great path to entrepreneurship. Franchisees leverage the strength of an established brand and a tried and true business model while the franchisor serves as a source of capital—an asset that is particularly welcome in today’s tight fiscal atmosphere. So how should you become a franchisee? Should you start fresh or set the quick trajectory of buying an business from a seasoned franchise entrepreneur?

Opting to Buy an Existing Franchise

There is a general sense among buyers that investing in an existing franchise location is easier. That may or may not be the case,
depending on the specifics of the location, but it’s true that there are several pluses of investing in an existing franchise as you chart the steps to purchasing a franchise: 

1. History

An existing franchise opportunity can be a turnkey business acquisition. It’s already been in operation so the seller can demonstrate a performance history showing profitability as well as concrete numbers that will help you figure out it’s cash flow and make project future performance. These are two key elements in assessing value. 

2. Flexibility

There my very well be a set fee structure for new franchise locations, which will impinge on the buyer’s ability to negotiate on terms or price. But buying a franchise business for sale puts you right across the table from the seller with more ability to negotiate the terms and maximize the return on your investment.

3. Client Base

An established and loyal client base is a massive benefit for a franchise entrepreneur. Existing franchise business for sale strikes a quick route for new owners to take advantage of an established customer since the franchise brand gives customers a sense of consistency, tapping into memories of positive experiences with the franchise brand. 

Reasons to go with a New Franchise

With a new franchise location, you take on higher risks along with higher rewards. While every franchise business opportunity is different, new franchisees often find out that building a new location provides merits that simply aren’t available with an existing operation: 

1. Lower Purchase Price

New franchise companies for sale are often a better deal because you aren’t buying existing cash flow from an established customer base and you aren’t paying for “goodwill” value often expected by sellers of existing franchises. If the new franchise is successful, you’ll reap the financial benefits of the franchise history, not the seller.

2. Tabula Rasa

A new business offers a fresh start to buyers; a franchise business opportunity unaffected by the habits, preferences and/or flaws of a previous owner. Although you’ll have to put your nose to the grindstone to forge your business in an untried community, you don’t have to worry about skeletons popping out from closets of previous businesses.  

3. Pristine Infrastructure

When you buy a new franchise, it’s likely that your equipment and facilities will also be new or at least newer than they would be if you bought an existing franchise. Out of date equipment isn’t always a deal-breaker, but in some sectors it’s important to ensure that the business has reliable machines and current designs.

To learn more about fun business opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

Increase Franchise Cash Flow with PayPal

How can you increase liquidity for your franchise business? One way is to make it easier for customers to pay. PayPal provides a quick, easy, and inexpensive way to accept online payments through your web site. With a personal account, PayPal costs $.30 for each payment received plus 2.9% of the transaction total. There are no setup or membership fees. Here are 4 steps to get up and running:

1. Sign up for PayPal

After clicking the Sign Up button on the PayPal home page, select Personal Account. This will provide you with options to create the type of account that is least expensive to use and the most conducive to small business use.

 

2. Build payment buttons

Payment buttons will allow users to add items to their cart from your web site. There are a variety of button types to choose from to maximize sales rates on your product or service. You can choose Buy Now, Donations, Gift Certificates, Subscriptions, Automatic Billing, or Installment Plan.

There are a range of options to configure to suit what you are selling. Several examples include: drop down menus, text fields, price, currency, shipping, and tax.

 

3. Place payment buttons on your site

Once you configure the button options for the button type you have chosen, click Create Button and you will see button code provided for your web site. The code is Internet language for the pay features your are adding. Copy all of the PayPal code and paste it on your web site where you want the pay features to appear. This can be done using a web site editor like Dreamweaver, or a Content Management System (CMS).

If your franchise provides a CMS, a lot of the work will be done for you. You will just have to paste the code on the appropriate branded page.

 

4. Test your new payment buttons

No matter how bright and shiny your new e-commerce checkout features look, you have to make sure they work before the job is done. Use your own credit card or PayPal account to post a transaction and then log in to PayPal to check the transaction.

Now you’ve provided an extra channel to receive business funds and eliminated hurdles in the way of potential customers becoming paying customers.

To learn more about fun business opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

How to Choose the Right Franchise Location

Franchising can certainly be less risky than starting your own business from scratch. The franchisor has already done a lot of the work for you: they’ve created a strong business plan and they’ve built strong brand name recognition.

Before you can capitalize on their good work, though, you first have to figure out precisely where you’re going to locate your franchise business. A good franchisor will work closely with you and there’s plenty to think about on your own when you’re scouting a location.

The old adage still rings true when it comes to franchising: location, location, location. Here’s our guide to picking the perfect site that will allow you to become a successful franchisee.

Selecting a Franchise Location: Know the Principle Inside and Out

The first step is to understand the concept of your franchise business. To find out what makes your franchise business of choice tick, you’ll need to work closely with the franchisor to learn the answers to the following questions:

  • What drives customers to the business?
  • Who are its target customers?
  • Where do those target customers live?
  • Are your customers coming to you, or are you going to them? (In this case, location is less important and you might even be able to start a home-based franchise.)
  • How and when do those customers interact with the business model?
  • Does it rely on impulse sales?

Good franchisors (the type you want to be in business with in the first place) have already done a lot of the market research for you. It’s in their best interest to keep track of demographics, and they’ll share the information with you. They also have an important something you might not have as a first-time franchisee: experience.

Investigate what sort of territorial protection you have. You’ll want to make sure that the territory you have carefully selected is exclusive to your franchise unit and will not expire unless you don’t renew your franchise agreement. Make sure that both of these elements are in place or another franchise unit could encroach on the territory you have cultivated.

Selecting a Franchise Location: Recognize that Criteria are Different for Non-Retail Sites

Retail franchise businesses only account for part of the wide variety of franchise business options to choose from. It makes sense to pursue a home-based franchise when you are going to your customers, rather than your customers coming to you.


To learn more about fun business opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

5 Ways You Can Make Your Own Luck!

The most successful people in the world say luck is a huge part of the achievement. Here’s how you can increase your odds.

Super-successful people believe in luck. They believe in it more consistently than they believe in education, creativity, investing, and a lot of other things commonly associated with building wealth.

A recent survey found that about 80% of self-made millionaires say luck is important in achieving success, compared with just 25% who said the same about getting a good formal education. However, the survey revealed that with ordinary middle-class people, the ratio was reversed. About 63% of average Americans put their faith in education, while just 42% believe in luck.

When it comes to luck, timing is always key. So, is there any scientific proof of real luck? It turns out… there is! Luck has been studied around the world by psychologists for many years. The research found that those people who consider themselves lucky have a distinct set of habits and attitudes that distinguish them from those who consider themselves unlucky. And guess what? Those habits and attitudes of the lucky closely reflect the self-made millionaire habits and attitudes.

It turns out that building your wealth and building your luck are roughly the same thing. They support each other in a virtuous cycle that can be seen when looking at the life-habits of such “lucky” people. As an entrepreneur, everyone hopes that they’ll get “lucky” with their new venture. For those seeking that luck and/or wealth we thought we’d share the five most direct ways you can start on your path toward getting luckier–and wealthier!

Lucky people and wealthy people both commit to their goals and make their own luck in the process. Having a specific objective makes it easier to recognize a “lucky” opportunity when it comes your way because luck always favors a prepared mind.

On the other hand, if you hedge your bets on a disparate set of goals, you can end up feeling lost and unlucky. As the ancient saying goes, “For a ship without a destination, there is no favorable wind.” As you narrow your goals, look for things that you are passionate about.

The lucky and the wealthy go at their objectives full bore, with a positive, winning attitude, and in doing so, they maximize their abilities to profit from chance. Take for example, the role of managing or setting up your business contracts. The most skilled and successful negotiators are always those who investigate the other side’s positions the most thoroughly.

The better prepared you are in any business dealing, the more ready you are to deal with bad surprises that a less-prepared person might deem as “bad luck.” When you look for opportunities that you are truly interested in, doing some extra research to prepare yourself will be more enjoyable rather than an obligation that can be easily thrown to the side.

If you associate with people who consider themselves lucky, studies show your luck will improve. Friend-of-a-friend connections often produce opportunities for successful people that appear to be lucky when they are, in fact, the result of good network design. When researching self-made millionaires, studies found a common denominator of having smaller and tighter professional networks comprised of highly-networked people whom they know very well, and represent a wide range of fields. Develop a network of that kind, seeded with “connector” personalities who are familiar with you and your goals, and you will see your “lucky” opportunities multiply. If you don’t have any “connector” personalities among your friends or acquaintances,  you will need to follow a plan.

When starting a business, this plan could be a powerful “make or break” moment when choosing between a franchise or starting an independent operation. High quality franchisors will offer more than a network of fellow franchisees but will also provide you with a customized strategic marketing plan to help build your business on a foundation of success.

Super-successful people consider their ability to work doing the things they are skilled at as a major contributing factor to their success. Not coincidentally, playing to your strengths is also how you develop such deep expertise in your work that you can pick up on patterns others don’t see. Having this strength makes you more likely to trust your gut in decision-making. Both are defining traits of lucky people! Knowing what you want to do is not only a strength, it is a success factor.

The two most impressive findings that these studies have revealed is how deeply the super-successful believe in the benefits of failure and persistence. Self-made millionaires, unlike the middle-class, go right back at the things they fail at and are determined to learn from their mistakes. Surveys of lucky people show similar traits. Lucky people say they see the positive sides of their misfortunes, don’t dwell on the ill effects, and take corrective steps to avoid misfortune in the future.

So, are the super-successful wealthy because they’re lucky, or are they lucky as a result of being so successful? I suspect most would respond to this question with “Yes.”

Wealth and luck seem inseparable, and the news that you can do something about both of them should make you feel lucky indeed!

 


To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

High Touch High Tech Named “Best Of The Best” by Entrepreneur Magazine!

High Touch High Tech, Inc. has been honored with a recognition by Entrepreneur Magazine in its selection of “Best Of The Best: Franchises That Are No. 1 In Their Sectors.” Check out the national press release below:

Asheville, NC (PR Newswire) April 24, 2013– Announcing a special recognition appearing in the May, 2013 issue of Entrepreneur Magazine published by Entrepreneur Media. High Touch High Tech was selected for the following honors: 

“Best Of The Best: Franchises That Are No. 1 In Their Sectors”

A spokesperson from High Touch High Tech commented on the recognition: “This is quite an honor for us. The fact that Entrepreneur Magazine included High Touch High Tech in its selection of “Best Of The Best: Franchises That Are No. 1 In Their Sectors,”signals that our constant efforts towards business excellence are paying off. We are proud to be included in this recognition.”

The mission of High Touch High Tech is to introduce children, at an early age, to the amazing world of science and nature by providing innovative, educational, hands-on programs that are presented in a fun manner, that nurtures their budding young minds and stimulate both their imagination and curiosity. For more than 20 years, the rapidly growing children’s education franchise has cultivated an outstanding & diverse family of franchisees ranging from former educators to corporate executives. 

Following the publication of High Touch High Tech’s selection for Entrepreneur Magazine’s Best Of The Best: Franchises That Are No. 1 In Their Sectors list, American Registry seconded the honor and added High Touch High Tech to the “Registry of Business Excellence™”. 

With now 28 franchise locations across the United States, Canada, Turkey, Singapore and South Korea – somewhere in the world, at this very moment, there is a High Touch High Tech fun science experience happening!  To learn more about High Touch High Tech’s innovative, hands-on science programming, visit them online at ScienceMadeFunFranchise.net. 

For more information on High Touch High Tech, headquartered in Asheville, NC please call 828-684-3192 or contact them via email at info@sciencemadefun.net. 


To learn more about fun business opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

To Franchise or Not To Franchise

 

Should you buy a franchise, a business opportunity, or go it alone? Don’t leave this important decision to chance!

Do you want to be an entrepreneur. Just how do you get started? This is the question facing almost anyone looking to get into their own business, and there are basically three answers: Buy a franchise, invest in a business opportunity, or start an independent business from scratch.

Franchises appeal to those who need more structure and support when they get started, and who is looking for an established business name and mode of operation. Quick success comes with buying a franchise. One of the most exciting franchise opportunities is High Touch High Tech Science Made Fun. 

Business opportunities are more for those looking to ease into a business–something that can be started as a sideline and that comes with a set of instructions on how to begin. Independent startups appeal to more self-sufficient and aggressive people–folks who know they like to do things their own way, right from square one. Each option offers different advantages, but the key to making the right choice is to “know yourself first.”

By knowing yourself, ask what is my passion? If you want to impact young minds and run a profitable business, then a High Touch High Tech Science Made Fun franchise is for you.

As the president of the Venture Association of New Jersey, a business-networking group, and a senior partner with the Morristown, New Jersey-based Trien, Rosenbergaccounting firm, Jay Trien has been both an entrepreneur and an advisor to many small businesses. Turin says that those more independent in nature are best served by independent startups, which are essentially riskier but give a bigger potential payoff, while those more cautious and bound by the rules are more likely to succeed if they play it a little safer by investing in a franchise. One of the biggest growth sectors in the franchise industry is the child related services. Among those franchises, High Touch High Tech Science Made Fun has emerged as a leader in this area. To learn more about getting started with franchising, it’s simple, and straight forward.

“The classic example is the two guys who started a personal-computer business; did they know they would build Apple Computers?” Trien says. “The opportunities are unlimited with an independent start-up, but you’ve got a lot more at risk, too, because you’ve got to learn everything on your own.” 

Interestingly, Turin says that potential investors are often attracted to independent startups because of the nature of entrepreneurs who start a business from scratch. He says that people starting their own business are often attempting to prove themselves right about an idea, and the enterprise becomes an outgrowth of that personal process.

“Their business is an extension of their personality or their emotional needs rather than just a way to make a lot of money,” Trien says. “Most venture capitalists I know like those types of entrepreneurs better than the guys who just want to get rich quick. If the energy of someone who wants to prove their idea is right, this can be harnessed to the basic business disciplines, that enterprise can be very attractive to investors.”

Sometimes it is best to follow your heart. If you are ready to make money and impact lives then a High Touch High Tech Science Made Fun franchise is right for you.


To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.