With thousands of opportunities available how do you choose the right one for you? Through the selection process we can select businesses by industry, by location, by type, by investment, and most importantly by business maturity.
By looking at opportunities by the length of time they have been in business we can better select the opportunity that fits our goals and business plan. A new franchise may offer us the most growth potential, highest rewards, and ground floor opportunity, but the lack of a proven track record may not be as stable as we like. A Classic franchise may have a proven history, a well known name and product, and have survived the worst of economies, however it traditionally does not have much room for growth or influencing the business. Finding the right mix based on your business goals is key to your overall success.
If your looking for the most stable opportunity, a classic or seasoned franchise may be your best choice. If your looking to help shape the face of business and grow your business rapidly and new or established opportunity might be best suited for your goals.