For many, the dream of one day being their own boss seems like something that will always remain just a dream. The good news is that even if you don’t have an idea for a new business, there are existing companies that are more than willing to offer you an entryway into business ownership as a franchisee. If you have never considered the benefits of franchising, you have been missing out on a great vehicle for financial freedom moving forward.
Did you know that some 95% of non-franchised new businesses are destined to fail? It’s true, and it speaks to the appeal of franchises for would-be entrepreneurs looking for a foot in the door and an opportunity to become their own boss. There are many advantages to casting your lot with a company offering franchise opportunities.
- The parent company has a tried and true system in place of launching successful franchises
- Any of these companies will offer financing and special start-up programs to appeal to different budgets
- As a franchisee, you can benefit from the name recognition certain companies enjoy
- Most parent companies provide extensive training for their franchisees
- Many companies offer their new franchisees solid business leads
- Ongoing administrative support from the Corporate Office
- And more
Tapping into a proven method of success is just plain good business. Furthermore, many companies allow franchisees to ease into their business at their own pace. This organic approach allows for a less stressful transition into business ownership.
Most franchise companies welcome first-time business owners, so ownership experience is not a pre-requisite should you be interested in this route. The best place to start is by researching the types of companies and industries you are interested in. Narrow down your list, then contact the companies you are interested in to get a better idea of how the franchising process works.
For those who have dreamed of owning their own business, the dream is alive and well in the form of franchising. Thanks to this option, the transition from employee to owner may be closer at hand than you think.