You would like to work for yourself, but what is the best route? Our useful infographic gives you an overview of the advantages of franchising and why it could be a good option for you.
If you want to work for yourself, and be your own boss, there are many reasons why buying a franchise might be a good option for you. Lets go through them in more detail:
There is obviously no guarantee, and any start up business will only be as successful as the effort you put in, but setting up with a tried and tested business model gives you a head start so you might have a better chance of getting your business off the ground.
There is a very wide choice of franchises on the market to choose from. This means that whatever your skill set or particular set of interests, there is bound to be an option for you. From food franchises, to franchises working with children there is sure to be something for you on the market. Check out our franchise directory to see a wide range of options.
One of the major advantages is that the business is already up and running, and the brand is well known. So you won’t have to come up with a name, a logo, a concept – it is already well established. Some franchises also have tried and tested marketing methods to share with you and will support you with marketing materials and access to website pages.
It is hard work going it alone, as any entrepreneur will tell you. With franchising you get support from the head office and your peers. Many will help you with initial financing and marketing plans, and offer comprehensive training on making your business a success. Some franchises even run meetings and online networking for their franchisees, which can provide invaluable support from others in the same position as yourself.
One of the big advantages of running your own franchise is that you can balance your life and work in a way that suits you. Starting your own business does take a lot of commitment, but there are part time franchises on the market which can be managed in just a few days per week, but still offer you a decent return if you are able to put the effort in.