Imagine starting a business that has already been tested to be successful, includes all of the things you need to get set up, and access to help and support is only a phone call away. This is exactly what getting connected with a good franchise offers, and there are more opportunities to choose from than ever. If you are ready to venture out on your own, determine your own destiny and become your own boss, then you may want to take a closer look at what a franchise can provide. Some people are under the impression that having a franchise is just like having a job, that the rules and stipulations reduce freedom and independence. This can’t be farther from the truth, and you should take a look at some of the unique benefits that being a franchisee can provide.
Franchises are already proven to contain a successful business model that works. You don’t have to test things from scratch, and you will be plugging into a system that is already organized. You are not guaranteed to make millions of dollars the moment you open the doors, but you will be using a system that has worked for other franchisees and can work for you. You don’t have to spend a lot of time trying to figure out what equipment you will need or how to order, price and sell products. Most franchises teach you how to manage the day-to-day affairs of your company, promote your business and you are most likely going to be working with a brand or name that has some kind of recognition in the marketplace already.
Franchises provide a network of support. Whether you have an operational, sales or legal question, or you want information about a product or service, you can usually tap into resources that are designed to help. You can also connect with other franchisees and use their experience and know-how to help you in your endeavors. Most franchise companies provide initial and ongoing training, help to become familiar with organizing and operating the business and teach franchisees how to attract and retain customers. The level of support will vary, and it is important to choose a franchise opportunity that gives franchisees a wealth of resources that will support and nurture their business development.
Franchises also have products or services that people already know about, and this creates a ready-made pool of potential revenue. If you get tied in with a company that has a well-known name, then customers will know what service you provide as well as what to expect if they do business with you. This takes a lot of pressure off of you to make a name and reputation for yourself, grow your company and look towards the future. Another benefit is that the focus is on your product and not yourself. If you own a convenience store, vehicle repair shop or flower delivery service, people will know and trust the name of your company- and this can be very advantageous to you as an upstart business owner.
Franchises are by and large cookie-cutter operations, with each store or outlet or branch operating in a similar fashion in most cases. But, working with the right one will also give you the opportunity to have a good degree of freedom and choice as well. Even if you are selling similar products and services as the store on the other side of town, you are still able to grow your business and expand on your own terms and hopefully get rewarded for your efforts.
You are definitely in business for yourself even if you have a franchise. You are still responsible for your earnings and your growth. Unlike a job, where your success often goes unnoticed, you can take credit and satisfaction from building something as an owner and not an employee. You have control over how much effort you want to put into growth, marketing or maintenance. You can build your own customer base and take pride in your work in a whole different way than if you were doing it as part of your job at a company somewhere.
While franchises do require a degree of conformity, and they are not for everyone, most people who are interested in starting a business that has all of the necessary ingredients already in place will benefit the most. You can find one that matches your budget, the time and effort that you are willing to spend on your business every day as well as your overall expectations. You can find one that focuses on your niche and experience as well. In short, a franchise can be an easy, wise and profitable investment to make if you are considering starting a business but don’t want to build something from the ground up.
Some franchise opportunities are better than others, and some companies treat their franchisees better than others as well. You will have to pay ongoing fees that include anything from basic percentages on revenue to miscellaneous charges in addition to a hefty initial investment. The process of choosing the right franchise is a long one, and it requires careful planning and consideration. You can save time and effort while reducing frustration by focusing on those which fall within your budget as well as align with your overall goals. Don’t just pick franchise opportunities because you see their brand all over the place and they are doing well at the moment.
Consider other factors such as the company history, stability over the long-term and how well they treat their franchisees. Always remember that even if you are running your business under the banner of another product or service, it is still your business. If you are going into business for yourself, make sure that it is a way that makes you happy and helps you to reach for the stars and make your dreams a reality. Take a closer look at franchise opportunities today and learn how you can be your own boss without starting a business from nothing.
Check out the top franchises for 2013.