Why a franchise

The US government has officially admitted to over 2 million jobs lost in our current economy. If this is true, what does it mean besides the obvious for the potential of buying a new business or franchise opportunity?

The fact is that times like this never last forever and right now may just be a perfect time to take the initiative to investigate the potential of owning your own business whether you are affected by the downsizing or not.

Find a great franchise

1. With a successful franchisor you’ll be purchasing a proven business model, rather than having to build your own. With any new business there is always a lot of testing, tweaking and revising. Franchises, in theory at least, should have smoothed most of the kinks before they sell you package.

2. Quality standards, job descriptions and training programs are typically established by the franchisor and provided as part of the deal. In starting a new business you will need to create these things yourself, usually in those after hours squandered by normal people on things like recreation, family time, and sleep.

3. One of the most beneficial aspects of a great franchise is the ongoing support, mentoring and training they provide to franchisees. Next to having great products and services, this might be the biggest gain for an inexperienced new owner.

4. Any franchisor worth his salt will support franchisees with marketing and brand recognition, while an independent business owner will be solely responsible to design, build and pay for these items.

5. A franchisor will have sourced key products and supplies and negotiated group or bulk buying rates, with at least some of those benefits accruing to the franchisee. For new business owners trying to cut deals on small amounts of product, suppliers can be an unforgiving bunch.

This entry was posted on Sunday, March 1st, 2009 at 12:55 pm and is filed under Other. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.