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If you think opening a franchise might be the best small-business option for you, consider one of these growing areas in the industry:
  • Home health care. With reasonable start-up costs and promising revenue potential, this could be a rewarding option. But you'll have your work cut out for you, since owners must sell services to doctors, nursing homes, and others in the medical field to find clients.
  • Education. If you have experience in the corporate world, an executive and management training franchise could work for you. One such franchise, Sandler Training, is among the Wall Street Journal's top 25 high-performing franchises. But franchise fees also can be high, and you may need six to nine months of living expenses to last through the start-up phase.

    A tutoring franchise, such as Sylvan Learning Center or Tutor Doctors, is another option, offering a relaxed environment and little manual labor. But understand that owners typically devote more time to business tasks than to working with students.
  • Work from home. The idea of working from home can be convenient, and you have a range of options, from babysitting franchise SeekingSitters to advertising-sales franchise Valpak. However, these types of nonessential services often struggle during tough economic times, and earnings can fluctuate.

Source: SmartMoney.com

Published July 1, 2011

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