Everyone who has considered starting a franchise has probably asked himself or herself, what are the 25 best franchises?
No business owner wants to put out hard-earned money into a franchise that is not a good investment. However, how can you tell if a franchise is highly rated or not? Is a high rating proof that a franchise is a good investment? Overall, a high rating is a good starting point for evaluating a franchise, but it does not provide the whole picture. Different sources evaluate franchises with different methods. Here are the results of several reputable ratings of different franchises.
Each year, Entreprenuer.com compiles a list of the 500 top franchises. For 2008, the winners are all very common household names with the ubiquitous 7-11 leading the top ten.
The top 25 franchises are:
Sotheby’s Real Estate,
Home Instead Senior Care,
Adventures in Advertising,
Carlson Wagonlit Travel,
The Maids Home Service,
Adventures in Advertising,
Andy On Call, and
This list of 25 best franchises is notable because of the size of the parent companies of each of the franchises. Because Entreprenuer.com ranks on financial stability and growth, the largest and most established companies rise to the top of the list. If you are looking for a franchise with a solid track record, you won’t go wrong with any of these companies. Just because a company is highly ranked does not mean it is the right company for you however, if you are not interested in running a fast food franchise, or do not have the investment capital to purchase a hotel franchise, none of the names at the top of this list would be right for you.
Another organization, the Franchise Business Review, does its own ranking of the 25 best franchises. In this ranking, franchises are ranked by the satisfaction of those who actually own the franchises, not by financial or size considerations. As you would expect, this list is much different, with Heavens Best, a cleaning franchise, topping this list. Other top franchises on top ten of this list are: FASTSIGNS International, Sotheby’s Real Estate, Budget Blinds, CertaPro Painters, Home Instead Senior Care, Adventures in Advertising, Carlson Wagonlit Travel, Computer Troubleshooters, and The Maids Home Service. These companies would all be considered wise investments for someone trying to decide what the best-rated franchise is.
Since two of the top ranking lists of franchises share absolutely no names in common, how is an investor to decide just what is the best rated franchise? There is no answer, what is best for one businessperson may be totally wrong for another. To find the best match for your needs as an entrepreneur, you need to evaluate your time commitment, aversion to risk, available capital, and most of all, what you are interested in. No list can tell you the best franchise for you; it is a decision you will have to make for yourself.
Edward Dean is an accomplished website developer and author. To learn more about 25 Best Franchises [http://businessbrokers.fast-foodfranchises.com/25-best-franchises/] visit Fast Food Franchises [http://fast-foodfranchises.com/] for current articles and discussions.
Article Source: http://EzineArticles.com/expert/Edward_Dean/253214
Article Source: http://EzineArticles.com/1634751