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Updated RecentlyExpense Reduction Consulting vs Entrepreneur's Source Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Expense Reduction Consulting vs Entrepreneur's Source including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $33,100 - $45,100 | $92,450 - $100,750 |
| Franchise Fee | $29,900 | $55,000 |
| Royalty Fee | 7% | 25% |
| Advertising Fee | - | $750/mo. |
| Year Founded | 1993 | 1984 |
| Year Franchised | 2005 | 1997 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | $5K |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | On-The-Job Training: 252 hours Classroom Training: 77 hours Additional Training: Ongoing virtual training, mentor |
| Support | - | Newsletter Meetings/Conventions Online Support Field Operations Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | - |
Franchise can be run from home.
Absentee ownership allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | Yes |
Company Overviews
About Expense Reduction Consulting
NO LONGER FRANCHISING
About Entrepreneur's Source
The Entrepreneur's Source, a franchise-consulting firm, was founded by Terry Powell in 1984. The company matches clients to franchise opportunities by conducting interviews, filling out profiles and assessing a client's goals, needs and expectations. The Entrepreneur's Source also educates clients on the basics of franchising and other business options. Clients pay nothing for their consultation; instead, The Entrepreneur's Source earns its income from the franchisors it recommends.