Business ownership is still heavily male-dominated, but this trend is slowly starting to change. In fact, more women are entering the business world each year. As a result, hundreds of businesses are started by women in the United States every day!
And the number of female-owned businesses is only growing as discussions of equality and equal pay are pushed further. This has created better opportunities for women and made it possible for anyone to pursue their passions, regardless of their gender.
Other career options can be promising, but business ownership offers a unique opportunity for women. Especially if you are looking to have a work-life balance, business ownership might be for you. Franchising could be the best career choice for women.
Franchise ownership provides women and men with a flexible and lucrative lifestyle. In addition, more and more women are becoming involved with franchise businesses. Now is a great time for women to own a franchise!
What Are the Benefits of Franchise Ownership for Women?
Starting your own business is exciting and fulfilling, but it can be difficult and extremely time-consuming to start a business from scratch. Some women will enjoy the challenge and rigor of creating a new operation. However, if you have a family and want a more balanced life, some franchise opportunities will allow you to have more free time, and some can even be run from a home office.
More importantly, though, you will be given a model for success. Franchise businesses have a proven track record and are already well established. So, you won’t have to conduct market research; write a business plan; figure out how to fund the business; find a location all by yourself; choose a business structure; research and choose a name; complete an operations manual; or anything else – as you will be in business FOR yourself, but not BY yourself. Everything will be done for you, training will be provided and support will be there for you.
This doesn’t mean that you sit back and do nothing, running a franchised business is still a lot of hard work. However, your chance of being a successful female business owner increases exponentially when you run select a great franchise partner!
Why Women Make Great Franchise Owners
Women already own more than twenty percent of franchise businesses, and they have a great track record to boot. There are many reasons why women make great franchise owners, but part of this has to do with their attention to detail and their great organizational skills.
Of course, franchise ownership is much easier and less complicated than running a startup business on your own, but it is still a complex system that requires precision and planning. This is why the ability to follow a business plan can be so important. The success of a franchise hinges on the owner and their attentiveness to all aspects of the franchised business.
Women are generally quite good at networking with others and get their ideas across. They also know how to solve problems. And because business is so heavily based on communication, this can be the ideal career option for women! This aspect of franchising can really work in a woman’s favor.
About the Author
Bill McKee has been a business owner since 1993 and built several successful businesses. He has a fascination for understanding different business models and really enjoys helping people. For those reasons, he has been a franchise consultant since 2007 and has helped well over a hundred people to be awarded franchises. If you are interested to see what is available in your area, (it doesn’t cost anything to look) contact Bill at (972) 767-8433 or email at Bill@TheFranchiseConsultingCompany.com.
No obligations, no fees, no advertising…just good solid information about franchising.