Are “Green Investments” The Right Opportunity?
As the “green” sector rapidly expands, there are many investors seeking the right opportunity to not only make the world a more environmentally friendly place but to make more “green” from their investment. In actuality, the green trend has been growing now for about 25 years, but has only recently become mainstream due to environmental activism.
The environment is our future!
Does Investing In Green = A Smart Investment ?
While many people are seeking out opportunities that will make them feel good, the reality is, many of these franchises are actually not a good fit. What steps do you need to take in order to determine whether or not a green franchise opportunity is for you? What is the best way to find a viable franchise opportunity in the green space that will work with your limitations? What kind of due diligence is required? Is it even possible to invest wisely in such an extremely unstable economy?
How do you know what is safe in this economy?
In this segment of The Organic View Radio Show, host, June Stoyer will speak to franchise expert, Todd Weiss. Click here to listen to the interview.
Todd, a chartered financial analyst, is a nationally acclaimed franchise expert and is well known on social media for his advice which can be found at ToddWeiss.com. In 2011, his blog was named one of the top franchise blogs by FranchiseHelp.com. Todd is the CEO of Sunshine Consulting, Ltd and is also, the Vice President of Ellipse Fitness, which is a cutting edge fitness franchise. He has relationships with over 300 franchise concepts and is on the advisory board of the Franchise Broker’s Association, in which he was named Consultant of the Year in 2009. If you are looking to make a wise investment in the green franchise space, stay tuned for some great advice from Todd Weiss!
I had no idea there were green franchises! How cool! Way to get businesses to do things ethically!
Hey! I liked your show. I learned a lot about what to do and what not to do! Peace, keep up the good work.
Todd always has great advice and information. Long ago when I was looking at franchises and trying to figure out if it was a good fit for me I didn’t have access to topics that he is an expert in. His passion to guide and educate those is like finding that pot of gold at the end of the rainbow.
As a parent, I am very aware of green franchise schemes. Take for example the stuffed penguins that came out with the debut of all the kids penguin movies. Supposedly $1 from each purchase went to “help save the penguins.” But really? And were these stuffed penguins environmentally friendly?
Day after day, people become wise and more aware about all can be green in our life in fact because of the articles spread all around t networking world & social media too; among them the luminous June & Todd…!
I did hear the interview & underlined so many important points that certainly I will follow for my first green franchise and all my franchises !
Todd really provided a lot of information that is can be applied to any biz op. Great show!
How much does a Mortgage Broking Franchise cost?
When new entrants to the industry start looking at prospective Franchise Businesses, the first and
often last question they ask is “How much does it cost to purchase the franchise?” Although cost is an
important factor in any purchase, a better question would be: “What value do I get for my investment
in a franchise business?”
A franchise fee can include the up-front amount paid to the franchisor for the use of their name, know-
how, operating systems, etc. This is one component of the overall start-up cost of a new franchise.
Within a good franchise model, this is not money going straight to the bottom line profit of the
Franchisor, rather it is used to support the recruitment process, provide training and continual
professional development of the franchisees.
You may want to ask more probing questions as to the value of the business proposition if the franchisor
is not charging a franchise fee.
From an accounting and financial perspective, one of the early steps someone looking to invest in a
franchise should take, is to calculate the “return on investment” (ROI). If you purchased a business for
$100,000 and were going to potentially earn $100,000 that would equal 100% ROI. Generally mortgage
broking franchises cost between $15,000 – $60,000 with potential to earn hundreds of thousands of
dollars per year. If you calculate the ROI on those figures you will struggle to find another industry with
such potential.
When you are looking to starting a new business and purchase a mortgage broking franchise, the first
question that needs to be asked is: ”what support, proven track record and franchise model do I believe
will give me the best chance of succeeding and producing the highest level of income”.
If the difference between franchises can affect your earning potential to the tune of tens of thousands
of dollars every year, then the initial setup cost is negligible provided the business model is sound from
the outset.
So why compromise your business and future?
Toby Pope
Director
Citiwide Home Loans
Great to see that the article is from 2011, but now in 2016 we can see how far green franchises are walking.