Recently I have read and written a lot about franchise business as the best way for aspiring business owners to own or start a business.  There are several well documented reason for this, including proven business model, established operating procedures and the support system that comes with any franchise business just to name a few.   There are several other reasons that easily come to mind, but I am sure the overwhelming majority of business minded people have no arguments against the premise.

Now let us address the question I have proposed int he topic of the article.  Is there a ‘best fitting’ franchise business – franchise owner scenario?  And if there is such a scenario, how does one go about fiding the best fitting franchise business for a prospective owner.

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Recession is the time of innovation but it is also hard to find funding during these times.  But with a little research on the internet your small business can quality for grants from the city, county, state, and federal governments as well as private foundations and corporations.

1. Figure out if you qualify for any special small business certifications, such as a minority-owned, disadvantaged, woman-owned or veteran-owned business. Federal and state governments sometimes give priority for grants to these types of business owners.
2. Then look at your local government Web sites — for your city, county and state — and find the economic development agency or area equivalent.
3. Next, sign up at grants.gov to receive information about specific kinds of federal grants.

Keep an open mind while doing your research.  Who knows you might be one of the business owners who just might modify their business based on funding opportunities

More than half of all U.S. businesses are based at home.  An estimated 6.6 million home-based enterprises provide at least half of their owners’ household income. Together these “homepreneurs” employ one in 10 private-sector workers, and by many measures they’re just as competitive as their counterparts in commercial spaces.

The 43% of home-based businesses that provide at least half of the owners’ household income are, on the whole, smaller than non-home-based companies. Only about 35% have revenue above $125,000, compared to 75% for non-home based businesses.

“It’s reflected in our pricing that we don’t have the same kind of infrastructure costs and fixed costs that some of our competitors do,”  Home based businesses measure up to other small businesses on key aspects of doing business, including access to capital, benefits to workers, marketing, and innovation.

Google AdWords makes it affordable for Small Business Owners to advertise their business. “No matter what your budget, you can display your ads on Google and our advertising network. But if you don’t do some careful planning, you can easily find yourself spending thousands of dollars with little to show for it.”

Before you start your own Google AdWords campaign, answer the below three questions:

Are you AdWords the right Keywords for your business?

“Brent Hollowell and Jesse Travis, co-founders of a travel accessory retailer in Baltimore called Zen Class, had high hopes when they began using AdWords to promote their Nirvana eat Back Organizer, which slips over an airplane’s seatback tray. While they knew they might get clicks if they paid for words like “travel accessories,” they feared the cost of close to $1.50 a click would be prohibitive because not every visitor would be looking for their product. They decided to be more specific and set up an AdWords campaign using the keywords “airline seat back organizer,” which cost about 5 cents a click.”

Is your budget realistic?

“About a year ago, Georgette Blau, who runs On Location Tours in New York City, set up an AdWords campaign to promote tours that were timed for the release of the “Sex in the City” movie. In doing so, she says she made a mistake: She ran the ad on the Google AdSense network but failed to understand how quickly she could run through the money she had budgeted for her campaign. An ad placed on the Google network can quickly appear on hundreds of Web sites and generate thousands of clicks. While this can be a good thing, it can also run up quite a tab.”

What markets do you want to focus on?

“When Apple irst introduced the iPhone, Matt McCormick, who runs a phone-repair business called Jet City Devices,  saw an opportunity. Knowing that the iPhone’s screen was prone to damage, Mr. McCormick began bidding on keywords like “iphone repairs” and waited for business to flood in. A problem soon became apparent: while his site was swamped with traffic, very few people were actually mailing in their phones to get them repaired. But, after changing his campaign to run only on searches initiated within 50 miles of Chicago and Seattle — cities where he had physical shops where customers could drop their phones off in person — Mr. McCormick says his conversion rate jumped to 10 percent: “If you’re in business in only one or two cities, then Google’s localization feature can save you a ton of money, reduce AdWords competition, and bring great traffic.”

Entrepreneur.com states, Along with print and TV, radio is one of the most popular forms of conventional, “offline” advertising. It can also be one of the most effective. This is partially because radio is oriented around formats, which gives business owners a big advantage in targeting audiences vs. print or TV.

What’s a format? Think “classic rock” on the FM band and “talk radio” on the AM stations. Odds are your target market is predominantly tuned into one or two specific stations in your metro area. If you can discover which stations those are, you may have found the sweet spot in your marketing.

1. Your target market: Don’t simply choose a station because it’s the one you listen to. Choose the one your customers prefer.

2. Costs: There are two costs you’ll incur when you advertise on the radio. The first is airtime–the time unit(s) your commercials are on air, typically broken down into 30-second, 60-second or 120-second segments (or spots), depending on the station.

3. Schedule: One is “run of station,” or ROS. This means the station will decide when your commercials air as well as the specific time of the day that each commercial will be played. The best way to target is to find out which are the highest quarter-hour listening shares for your target demographic. That way, you are paying for your commercials when the chances are good your target audience is actually listening.

4. The economy of words: s a general rule, 65 to 85 words is the limit for a 30-second commercial. However, be aware that this can vary depending on how many sound effects you use. Also keep in mind that your copy block for a 60-second spot will generally only be 30 to 45 seconds, as you will want at least 10 to 15 seconds at the end to include a call to action, phone number, Yellow Pages mention or web address.

5. Choosing the right sounds. If your want your commercial to stand out from the rest, you need to consider some additional factors regarding voice-overs and sound effects. You may be tempted to voice the commercial, but think again–unless you have a really good voice for radio.

Generally speaking, radio’s ability to target an audience and offer repetition makes it a very effective advertising medium. In fact, some of the most effective campaigns in business history have been “radio-only” ad campaigns.