sandwiches ready to be servedStarting a business can be an overwhelming prospect, especially if you are a newbie entrepreneur. Aside from the pure guts and energy, it takes to get something built from the ground up, dipping your toes into the world of business requires financial investment as well. There are even loan broker franchise opportunities you can explore if you want to.

You have to answer the question of what kind of business to build. As per experts’ advice, your best bets are any of these franchise opportunities.

Fast Food

The best thing about a fast food franchise is that these businesses have proven operational systems in place. On top of that, most of them have already established brand recall hence you no longer need to shell out big money on marketing and promotion.

If you are considering purchasing a fast food franchise, these lucrative names should be on top of your list: Jimmy John’s, Subway, and Dunkin Donuts.

Food Carts and Trucks

Food carts/trucks have come a long way from being decrepit food stalls serving people on-the-go to aesthetically pleasing and diverse food spots catering to all iterations of foodies.

An individual food cart/truck is said to rake in between $5,000 and $10,000 a week, which makes this the right time to hop on this bandwagon.

Service-Type Businesses

These businesses work in a rather simple model: money for time. Customers hand in cash in exchange for all manners of services from landscaping to grocery shopping. For as long as working people have a surplus of money and deficit of time, your investment stays safe with these service-type brands.

Getting a franchise for a pre-existing brand or business is the best way to assess whether you have it in you to thrive and succeed as an entrepreneur.

These established names will allow you to have both the autonomy to run your business and the support you need from an organisation that knows what it is doing and has your best interests in mind.