If one of your goals has always been to start your own business, owning a franchise can be a great investment. Here are our top 10 reasons why buying a franchise could be just the solution for you:
1. The odds are in your favour – five times higher!
There are no guarantees, but statistics show your chances for success are greater if you open a franchise than a startup.
2. Brand awareness.
It’s easier to sell to customers already familiar with a name. This means it takes less time to establish your business.
3. Tried and tested business model.
A franchise is usually based on a proven business idea. This gives you a head start and helps eliminate a lot of trial and error and expensive guess work.
4. Tap into instant expertise.
A good franchisor has established proven systems and will provide ongoing training and support in all aspects of the operation.
5. Marketing.
National marketing undertaken by your franchisor will benefit you and is not normally available to a small business proprietor.
6. Purchasing power.
A good franchise will take advantage of its buying power to negotiate prices at significantly lower levels than you could achieve as an independent operator.
7. Location, location, location.
You have heard it before. A good business’s success often boils down to the right location. Franchisors can help you pick the best location and improve your chances of success.
8. Assistance with physical build.
Design, layout, and the correct mix of fixtures and equipment. This has all been figured out already.
9. Growth.
Have higher aspirations? Once you are part of a franchise operation, it is easier to become the owner of multiple franchises.
10. Easier to obtain financing.
Banks are more comfortable providing finance to a franchise with a good reputation and proven track record.
Convinced? So how do you find the right franchise fit for you? Start by making a list of work-related activities you enjoy doing. Next, make a list of your strengths, skills and experience. Then use our resources to find the right franchise for you.
Find out about the hottest franchise opportunities in your area today.
