By Jim Raubolt
Although, according to recent studies, almost three quarters of all American workers dream about opening their own business, for most of them this will remain nothing but a dream. Even when presented with a good startup opportunity, lack of courage, lack of funds or not knowing where to begin will keep most of them from even trying to fulfill that dream. Are you ready to give up your chance to a better life so easily too? The following are 4 advantages of franchising over regular start-ups that will make you reconsider.
1. Lower expenses
This is one of the main benefits of a franchise,as it provides people from all walks of life the opportunity of owning a business. A franchisee is saved a lot of money from not having to make the initial investments so many startups require, as well as not having to build and promote the already familiar brand image.
In general, startup companies need a considerable amount of time adjusting and making amendments, before they can get their operations to run smoothly. One of the advantages of franchising is that the franchisor already has the business know-how and will share it with the franchisee right from the start. Thus, the franchise will get off to a flying start and will be able to allocate more resources to the actual selling process.
3. Less worries
Most of the times, startup businesses imply that most, if not all, available time goes into getting more customers and keeping the existing ones satisfied. This leaves for a very limited amount of resources to be allocated for analyzing, developing and optimizing strategies. In a franchise business, the franchisor usually handles all of these demanding tasks, lifting the extra pressure off the franchisee’s shoulder.
4. Proven success
When starting a business, people often wonder which way to go, what the best strategy might be and will it work or not? Franchising businesses are a totally different story, as they implement already established and proven methods of getting profits, thus providing less uncertainty and more peace of mind for the business owner.
Clear Choice Franchising has been Master Franchise owners and have helped start franchises for both startup and Fortune 500 businesses. We are key advisers for leading entrepreneurship programs where we host seminars on growing businesses and differentiate franchising over regular startup companies . We also provide assistance and advice for any person looking to open a franchise business.
For more information on how a franchise adviser can help you explore business ownership, Contact us. There is no cost or obligation for our service.