<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 12"><meta name="Originator" content="Microsoft Word 12"><link rel="File-List" href="file:///C:%5CUsers%5CDBNadmin%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_filelist.xml"><link rel="themeData" href="file:///C:%5CUsers%5CDBNadmin%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_themedata.thmx"><link rel="colorSchemeMapping" href="file:///C:%5CUsers%5CDBNadmin%5CAppData%5CLocal%5CTemp%5Cmsohtmlclip1%5C01%5Cclip_colorschememapping.xml"><style>  </style> <a href="http://biz.prlog.org/kevin-d-romney/">Kevin D Romney Business and Franchise Services</a><o:p></o:p> There are many reasons that someone initially decides that it's time to begin a small business or purchase a franchise says Kevin D <a href="http://forums.cnet.com/5208-13974_102-0.html?threadID=342528">Romney</a>. It can be very financially freeing to have additional income on the side, for some the desire to work at home and escape a commute or a cubicle is the driving force behind the decision to begin something new. <o:p></o:p> Whether it's a way to invest funds into a safe and profitable sector, or simply a passion for a service or product that the <a href="http://www.fastcompany.com/user/kevin-d-romney">new business opportunity</a> will provide, one of the most important things in preparing to start a new franchise business, according to franchise professional Kevin D Romney, is understanding what options are available and which options have the largest potential for success. There are many different kinds of small business opportunities and franchises for sale, but those options can be narrowed down considerably by asking two critical questions that help determine what type of small business opportunity is the right fit.<o:p></o:p> Knowing what costs a small business is going to encounter is the biggest part of researching a franchise opportunity and the most important thing to figure out before any decisions are actually made about beginning a franchise business explains Kevin D Romney. Most providers, contractors, employees are going to need payment immediately or in advance for their services, while income from a new franchise or small business can be slow and in most cases will take at least 30-90 days to see any cash flow actually come out of a new business. <o:p></o:p> With this in mind, the total amount of liquid capital available to a new franchise owner must be calculated carefully and understood so that the level of investment and commitment matches the financial requirements to make the franchise a success. <o:p></o:p> The second most critical thing that needs to be answered about a franchise is what type of franchise it will be, according to Kevin Romney. It's important to know that within every price range for investors there are multiple franchise opportunities and the most successful franchises are those that are run by businessmen and women who understand the product or service that they are providing and are passionate about that franchise. <o:p></o:p> Knowing what the cost will be of a franchise will help narrow the choice to businesses that are affordable and likely to succeed within the financial limits of the investor. Combining that knowledge with the knowledge of what type of service or product the franchise owner is capable to deliver can help focus the choices even more to the type of franchise opportunity that will have greater and greater chances of being a successful business. The chances of achieving success greatly increase when time and care is put into researching the franchise with Kevin D Romney beforehand with the same passion and care that will eventually go into running that successful business.<o:p></o:p>