'I want my own business; I want some independence,' millions of individuals who have lost interest in their work shout.
While it's lovely that so many are attempting to forge their own path, many are missing out on the sheer delight and ease of joining something that is already established.
That is where franchises come into their own.
What are the benefits of owning a franchise?
You get to run a well-established company with complete control over employees, branding, marketing, and more. Doesn't it seem like a lot to do with no experience?
If it weren't for the excellent assistance you would receive from your selected franchise - then sure.
Franchises that are done well are tremendously helpful, and they want you to succeed. As a result, they will assign personnel to assist you in managing your finances, writing fantastic regional marketing plans, and executing them effectively.
You, the corporation, as well as other franchise owners, have a strong working relationship. You gain access to the marketing geniuses who brought the company this far, as well as the benefits of a big group of businesses, all with the same purpose, and excellent branding.
What are the franchising possibilities?
It will require some investigation; you ought to be searching for a franchise that will fit the days you want to work as well as the lifestyle you want to achieve.
It's important to remember that some of the fastest-growing industries include senior care, child care, and fast food. But there are so many options that you can explore, check out Franchise Direct to see some possibilities.
A franchise gives you a far better chance of making your business successful since you are so well supported, and the entire franchise is rooting for you (so to speak).
While starting a business on your own is appealing, it comes with several drawbacks. Much research is required, from working on your branding to figuring out how to promote your service or product, and roughly 30% of firms fail in their first year.
But let us not forget why you're considering a significant job change in the first place.
Flexibility, wealth, and status are all important factors. Those three small phrases have a lot of meaning for both freelancers and business owners.
You have the freedom to choose your times, days, and places. Money, income, creating and controlling your money down to the cent - this is seldom the most crucial, but it's beautiful to know that everything you make is the result of your hard work, and you can see it all.
It is, however, impressive to be able to claim ownership of a big brand name and know that you are part of a more significant global (or local) business with a tried and tested business model.
If you are looking for your next challenge and want to see what is out there, then don’t discount the incredible amount of franchise options there are.
by Cassandra Paquin [Editor's note: This is Day 19 of the Be Your Own Guru series. Cassandra is not just a seasoned business owner, she's also my Sister in-law. Her tasty hand made granola has been on my Christmas wish list every year that I've been married! In the series, we've already talked about when it […]
As we proceed through season 6 of Creative Freedom, we're going to be talking more and more about your marketing strategy. This includes both online (digital) and offline marketing tactics. Some businesses try to develop two different "strategies" - one for online and one for off. But remember, a strategy is a collection of tactics […]