Top 5 Reasons Invest Franchise
So you are considering owning your own business? There are a
number of options you have: starting your own idea, buying an existing
business or franchising. Franchising is on the rise with the surge of people
wishing to go into business for themselves. It is a perfect opportunity for
anyone looking to run a profitable business while having the support of a
proven and established corporate model. Owning your own business will always
come with risk, but with the right approach and the right backing provided by
an accomplished franchise system, your business’s chances for success are
greatly enhanced. Here are the Top 5 Reasons why that is true:
1. Proven business
system – New ideas are great. They’re what makes business and
the world go round. From new restaurants and retail stores to
products and services that make life easier, innovation is a key ingredient
in success (as is consistency). But, as noted above, new businesses are prone
to failure, and most new ideas take time to catch on. Franchising allows
entrepreneurs to plug into a proven, successful idea and operating system,
and focus their efforts on running the business, rather than on adjusting it
in midstream. The wheel’s been invented, perfected, branded, and marketed. As
a franchisee, it’s time to roll. Franchising.com / Eddy
Goldberg
2. Corporate Image
and Brand Awareness — If you buy into a franchise system that
is already established, the corporate image and brand awareness is already
recognized. Customers are usually more comfortable purchasing items they are
familiar with and working with companies they already know and trust.
Thefranchiseshow.co.uk
3. You can be your
own boss — You call the shots, you manage the schedule, you
run the show–just understand there’s a pecking order. “It’s not the
same as being an entrepreneur, but it’s the next best thing,” Johnston
says, explaining that a franchisee owns an individual unit but has also agreed
to follow a formula put in place by the franchisor. “If you choose to
follow the business system and use the support systems in place, your chances
of being your own boss for a longer time will increase.”
Entrepreneur.com / Carrie Bach
4. Business
Support — When you own a franchise you have access to various
kinds of support from the franchise company. The company can offer assistance
with processing customer invoices, payroll, accounts payable and general
operations support. It is the kind of day to day assistance that may not be
available if you were to start a business on your own.
Smallbusiness.chron.com / George N. Root
III
5. Purchasing
Power — A good franchise can take advantage of the buying
power of the entire system to negotiate prices for everything you need at
significantly lower levels than you could achieve as an independent operator.
This applies not only to initial furniture and equipment purchases, but also
to the supplies, inventory, uniforms and everything else you’ll need on an
ongoing basis. Entrepreneur.com / Jeff
Elgin
“A major key to our growth and success has just been
sticking with the Stratus Building Solutions recipe for development.” —
Steve Sheriff, Franchise Owner since 2012
“I would absolutely recommend a Stratus Building Solutions
franchise, I recommended it to my own parents.” – Jared Thomas, Franchise
Owner since 2010
