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Franchises Get Facelift: New Breed of Franchise Attractive Alternative

(PRWeb) December 19, 2006 -- It is fairly well known that the secret to the success of many franchises is a result of the systems in place rather than the products & services they offer. Although there are many downsides and limitations to owning a franchise, they simply excel above all other business models when it comes to overall success.

However, for many inspiring entrepreneurs wanting to create financial freedom and independence in their lives, the high cost of starting a franchise can be out of reach. While the investment required to start a franchise varies depending on the industry, most run well over $120,000.

The amount of time required to get a franchise off of the ground and keep it running is also more than most entrepreneurs would desire. Most typical franchise ventures are started in the hopes that the business will provide a way to break out of the 9-5 "rat race" and ultimately create a lifestyle of abundance of time to spend with family and other passionate interests. But most franchise owners can tell you that they often work longer hours in their franchise than they did at the jobs they left behind. The positive trade off, of course, is that they are now their own boss and answer to themselves.

For Rubeen and Habiba Miller, successful home-based entrepreneurs and publishers of the Wealth Theory Report (http://www.WealthTheoryReport.com), the traditional franchise model just doesn't make sense. "We were really looking for true freedom in our lives, not just financial abundance, but an abundance of time freedom as well," says Rubeen. The Millers are the parents of two young boys, have an active social life, and like most have many interests and hobbies. "For us to live our lives on our terms, and have the time and financial resources to really make our dreams come true required us to be unwilling to settle for anything less than a business that would allow us to create our ideal lifestyle." What the Millers found, and what many are now catching onto, is a lucrative new home-based franchise model with lower start up costs and a much lower time requirement to run the business than a traditional franchise. "We work 20 hours a week or less," reports Rubeen, "and the income potential here..., well I'm not exaggerating in saying an annual seven-figure income will be in reach for us within a year."

Previous franchise owners are seeing the promise of the new home-based franchise model as well. Rubeen recalls that "an associate in our business named Isaac used to own a popular sub and sandwich franchise. This guy had taken over an existing franchise and increased it's sales over 25% the first year. So what does the parent company do but open up another shop less than a mile away, followed by two more over the course of a year! By the time he found us, he was working over 80 hours per week and his figures were in the negative. He came here, followed the simple step-by-step system, put in the 15-20 hours per week required, and is making a multiple six-figure income and loving his life."

So what sets this new breed of franchise apart from the others? "There are four points that you want to look for in a franchise model," says Rubeen. "First, the business is designed to allow the business owner to operate the business in 15-20 hours per week, following a simple proven system. Second, you should have a realistic ability to earn a multiple six-figure income in your first year in the business, and a seven-figure income thereafter. Third, because the franchise model I am talking about is ideally based out of the home for maximum freedom and lifestyle, you also want to look for a company that knows how to utilize the power of the internet to its best advantage. You should be able to log into your online franchise business center and have instant access to all the advanced multimedia training and tools necessary to make the business as simple as possible. Finally, the ideal franschise model should have a residual component to its revenue stream, meaning that you make recurring income from the work you did once."

"Bottom line," says Rubeen, "if the company you are looking to start a business with doesn't meet these four criteria, look elsewhere. Life is too short to take the long road to success. The ideal home-based franchise model is push-button simple. If it's not, you are going to be sacrificing your time freedom to build your business. It doesn't have to be that way."

You may visit Rubeen and Habiba Miller's website at http://www.WealthyandLovingIt.com for more insights into this topic. The Millers also publish a free weekly video report on wealth creation at: http://www.WealthTheoryReport.com.

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