5 reasons to invest in a franchise A credible, reliable franchise business may come out more expensive, versus opening a concept on your own, but it does bring the benefit of sharing in a company’s brand, and operation success, which, on your own usually will take years to develop if you are a start-up. Here are 5 reasons why a franchise is a better business choice: 1. High success rate A USAID Study conducted on new businesses showed that over 90% of those who franchise succeed even after 5 years, vs. only 20% for those who started new business ideas. 2. Be your own boss You own your franchise and every minute you spend on it goes back to your business success. No need to answer to bosses because you are now your own boss. 3. Win-Win Partnership Franchising gives you, the franchisee, the support of an entire franchise business system while in return your give your time and effort to build your franchise business. Its a perfect win-win partnership. 4. Be in business for yourself, but not by yourself Even if you have many great small business ideas, its hard to start it yourself. With franchising, you can bring your business idea to life with the support of an entire franchise business system and regular support from the franchisor. 5. Replicate a proven brand & system Franchising is duplicating an already proven brand & system, so you have less risk than starting new small business ideas. As a franchisee, you can build on the experience of the franchisor & other franchisees to help you succeed At the end of the day, the best benefit one can get from investing in a franchise is the ability to raise capital or create wealth for yourself, and gain the elusive financial freedom because in a franchise set up, the franchisor is able to provide franchisees a more calculated way of running a business where costs, sales and profits are properly projected.
Posted on: Sun, 11 May 2014 07:09:03 +0000
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