Top 5 Reasons to Invest in a 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