1851

Any rational potential franchise owner knows to research the systems that they can invest in at a low cost while still coming out with high net revenue. That&#8217;s because, a focus on a quick return on investment is often the key to success at first glance. But no matter how much due diligence is done, or how many franchise consultants you&#8217;ve listened to dole out advice, there is one important component to the equation when it comes to selecting the right franchise to fit your needs: Happiness. Steve Beagelman, founder of <a href="http://smbfranchising.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-to-choose-a-low-cost-high-return-franchise-3236" target="_blank" rel="nofollow" target="_blank">SMB Franchise Advisors*</a>, believes that happiness outweighs any monetary factor in franchise system selection, especially in the long run. &#8220;There is no silver bullet,&#8221; Beagelman said. &#8220;People want happiness, even those who mainly concerned about return on investment&#8212;that&#8217;s important, but quality of life is also important.&#8221; Some of the more concrete features of a low-cost, high-return franchise that often come to mind for potential buyers are elements like recurring revenue&#8212;think membership-based concepts like <a href="http://workoutanytime.com/franchising/own-a-club?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-to-choose-a-low-cost-high-return-franchise-3236" target="_blank" rel="nofollow" target="_blank">WORKOUT ANYTIME*</a>&nbsp;or <a href="http://handandstonefranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-to-choose-a-low-cost-high-return-franchise-3236" target="_blank" rel="nofollow" target="_blank">Hand &amp; Stone Massage and Facial Spa</a>. Many people also focus on segments in the industry that don&#8217;t require a store-front in order to save capital, like <a href="http://franchise.thecleaningauthority.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-to-choose-a-low-cost-high-return-franchise-3236" target="_blank" rel="nofollow" target="_blank">The Cleaning Authority</a>&nbsp;or <a href="http://www.rightathomefranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=how-to-choose-a-low-cost-high-return-franchise-3236" target="_blank" rel="nofollow" target="_blank">Right at Home*</a>. Beagelman suggests that you ask yourself three primary questions when considering buying a franchise: Do I like the concept? Do I like the people? Is there a territory available in a place where I want to live? After considering the answers to those three questions, Beagelman recommends to then focus on the return on investment that the company will provide. But be wary&#8212;if the answer to the first three questions isn&#8217;t &#8220;yes,&#8221; that return on investment won&#8217;t carry much weight, and it&#8217;s probably best to take three steps back and start over. &#8220;For example, I&#8217;m not a car guy,&#8221; Beagelman said. &#8220;If someone told me that I could make all of the money in the world working for a brand like Jiffy Lube, it wouldn&#8217;t really matter to me&#8212; I&#8217;d be miserable doing that.&#8221; Ultimately, the three questions addressing who, what and where reinforce an emphasis on personal happiness and quality of life. &#8220;No one can tell you what to buy,&#8221; he said &#8220;You need to decide for yourself and make sure you&#8217;re happy.&#8221;

1851 Franchise

No matter how much research you've done, the real determining factor comes down to one simple component: Happiness. 

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