Business Franchises For Christians

Choosing Business Franchises For Christians

Business franchises for Christians can be chosen through a variety of online data bases or through a plethora of entrepreneurial publications that specialize in matching a potential business investor with a known service or product. A business franchise comes in most every shape and form, with varying degrees of investment capital requirements. An available commercial opportunity in a specific area can be located using the above mentioned methods as many ventures enter into exclusive area agreements with their owners. This reduces competition within the same commercial environment and promotes a higher success rate for an owner. The first step in choosing the right enterprise is to determine what type of industry is desired and to figure out the amount of capital available for an investment. Criteria for a commercial operation must then be factored into the decision making process. For example: Should the business be operated from a home office, a store front, or an industrial warehouse? Is there a need for a few employees, fifty employees, or hundreds of employees? These are questions that should be answered well in advance of the actual purchase of a business franchise. "But seek ye first the kingdom of God, and his righteousness and all these things shall be added unto you." (Matthew 6:33)

In addition to gathering general information about certain ventures, it is recommended that every potential owner review the franchise's UFOC or Uniform Franchise Offering Circular. The UFOC is prepared in accordance with the requirements of the FTC or Federal Trade Commission. It contains information on their operating principals, history, audited financials, and current legal agreement. Included in the UFOC is a list of all owners for that particular venture. It is recommended that potential investors contact current franchisors in order to hear the positive and negative aspects of owning certain specific business franchises for Christians.

Before investing, the amount of required capital must be carefully considered. One of the main reasons that a business franchise may fail is because too little capital is invested to get it off the ground properly. Costs can vary due to leasehold agreements or mortgage rate fluctuations. There are also unanticipated needs to consider. There must be enough capital to not only open a commercial venture, but to sustain its operations until such time that it becomes profitable. Check with other business franchises for Christians in desired areas to determine what their start up investments were and add 10%-20% as a safety net. A prospective owner can never be too prepared for the unexpected, especially when dealing with the fickle nature of interest rates and consumer tastes.