Common categories of services provided by major franchise companies include coaching, training, tax consultation, financial planning and retirement planning. The company provides the reputable name, but the business owner or employees at the franchise provide the actual services.
Coaching service franchises are often related to business and training genres. For example, The Growth Coach provides the opportunity to coach small business owners in proprietary measures to improve their ability to develop. While coaching often relates to teaching business owners to train employees or improve the growth of a company, franchises are also available to coach other categories of life.
Financial service franchises are another option available for new owners. The franchises focus on topics like retirement planning, meeting financial goals or providing tax services that will help consumer clients. Franchises like America's Tax Office or National Credit Authority have a solid reputation for the client services that are provided to help improve financial situations or navigate complicated tax paperwork.
The specific niche industry that the service franchise works in will often vary based on the specific area of financial needs that the company addresses. Tax and financial planning are common service franchise opportunities that require a reasonable initial investment.Regardless of the service industry that is applied, the franchise name offers a reputation that helps bring in clients. It is a great opportunity for career growth and offers the ability to get started with a reasonable investment. While service franchises have a wide range of possible costs, the initial expense to get started and use the name can be as low as $500. Although the initial investment of some service franchises is low, other companies will charge more for the use of a franchise name and products. Depending on the company, prices can cost as much as $250,000 to build an office location and set up the initial location. Regardless of the price, opportunities in the service industry are available at every financial level.
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