Are you feeling underpaid and undervalued? Are you a victim of corporate downsizing? Are you a Veteran – and looking for another career?
What if we told you there was a way to earn money while being your own boss, able to set your own schedule, living the lifestyle you want, and working at your own pace? If this is what you are looking for, then your search ends here; let us introduce you to the world of franchising.
Why become a Franchise Business Owner?
Independent business ownership can be a great business; but you must understand that it comes with a high-risk. Unlike most independent businesses, when you start a franchise, there is an added security level because you are guided and supported by the franchisor – after all, they have an incentive to make you successful. Business ownership allows you to have a level of freedom that most corporate jobs can’t and don’t – the freedom to use your creativity and skill to build your own business.
When looking at franchise business ownership, there are a lot of options and a wide array of opportunities. There are thousands of franchises in 40+ industries. The great thing about franchising is that you have options. There are four main categories of businesses and they tend to share similar characteristics irrespective of the subject matter of what they provide. The four main categories are Simple Retail Businesses (people need it and come to you); Sophisticated Retail Businesses (you provide a skilled service that people need); Business to Consumer (you go to see them at their home); and Business to Business (make your back office someone’s front office). Each have their own PROS and CONS. And there are many businesses that have a foot in two quadrants.
Additional Thoughts
Think about territory and your involvement in a business. You have many levers to pull in how you define what is your ideal type of business, how it will grow and what type of employee structure you can have in place. Certain franchises lend themselves better to certain combinations than others.
Ultimately, the goal is to create a framework to help you put various business types into perspective as you think about your goals and ideal business. There is no business that will 100% fit all the criteria that are important to you, but if you can define it, you can measure it and if you measure it – you can manage it!
Final Thoughts:
Now that we have begun a new year, it’s a great time to figure out your lives and how you can move forward. Franchising can help you achieve your lifestyle goals as well as your income goals. But if you choose to begin your journey researching franchise opportunities in your area, then you’ll want and need some help along the way.
I help people begin their journey to research, find and ultimately purchase and be awarded a franchise. As a Senior Franchise Consultant, I know all the ins and outs of the trade, so you can be sure that you will be in good hands.