Any of These Hit Home?
The 10 Best Reasons to Buy a Franchise
You Are Buying a Proven Formula (Less Risk)
Franchisors spend years to build their systems and thereby minimize the risk for franchise owners, sometimes spending millions of dollars.
You Are Provided With Specific Marketing and Advertising Plans
So all you need to do when you talk to franchisees is ask them if the marketing that corporate provides works.
You Have a Built-In Support System
The best franchise systems provide comprehensive support for franchisees.
You Have Flexible Hours and Schedule
It’s easier for franchisees to strike the work-life balance.
Customers Are Comfortable With Name Recognition
Since customers are comfortable with recognizable brand names, it’s more convenient for business owners to draw traffic.
You Have the Ability to be Your Own Boss
Franchise ownership offers independence while reducing business risk. Be in business FOR yourself but not BY yourself
Good Opportunity to Challenge Yourself
Entrepreneurship, in general, and franchise ownership, in particular, provides several opportunities to learn and grow.
The Chance of Success is Much Higher
By associating yourself with a franchise you improve your chances of achieving success. They are proven profitable and repeatable.
You Have Access to Formal Training Program
Almost all franchisors have a formal training program in place to equip franchise owners with information and resources.
You Have Access to Real Estate and Technology Resources
Because franchisors have contacts with real estate agents and technology solutions providers, it is easier for franchisees to get started.
What are the Benefits of Buying a Franchise?
- Reduction of risk
- Turnkey operation
- Standardized products and systems
- Standardized financial and accounting systems
- Collective buying power
- Supervision and consulting readily available
- National and local advertising programs
- Point-of-sale advertising
- Uniform packaging
- Ongoing research and development
- Financial assistance
- Site selection guidance
- Operations manual provided
- Sales and marketing assistance
Do You Have What it Takes For Success?
Don’t wait until everything is perfect to get started, because then you’ll never start. Get going and you can learn, then make improvements along the way.
Be sure you love what you do, because you’ll be spending a lot of time doing it.
Hire professionals for the areas you’re not an expert. You don’t have to know it all.