A franchise allows you to go into business for yourself, but not by yourself.
It’s no surprise that many people considering opening a business on their own, turn to franchising. With a built-up brand and supportive network/system, franchisees offer an opportunity to taste maintaining a business while additionally giving them huge assistance.
“A franchise is a business with training wheels,” said Tom Scarda, a podcast dedicated to franchising. Further, he added “For a majority of franchisees, franchising has proven to be a viable way to become a business owner. For the most part, it offers the lowest risks and the highest level of support. Because a franchiser doesn’t succeed until the franchisees do, you’ll find a team of dedicated professionals willing and able to help you every step of the way, from site selection to employee hiring to grand opening.”
“Franchising takes the guesswork out of starting a business,” said Jonathan Barnett, founder and CEO of Oxi Fresh Carpet Cleaning. Furthermore, he says “They have established systems designed to give new franchisees a massive head start over competitors. On top of that, franchisees benefit from the power of an established brand. It’s hard to overstate the advantage of starting a business and having people know and trust your brand from day one.”
Some Particular Advantages of Franchising:
· Franchising Gives Developmental Capital
· Maintains a Strategic Distance from Employee-Related Issues
· Quickens Extension Over a Wide Region
· Franchisee Administrators are Motivated to Succeed
Source: Insightsuccess.com Franchising: A Smart Business Opportunity written by Shruti P. Jambhale
If you would like to learn more and explore what is available in the franchise sector, please contact us, just head over to our Franchise Consulting page fill out the short confidential questionnaire at the bottom for a complimentary consultation.
Unity Rd. is at the Center of the Cannabis Renaissance
The stigma associated with cannabis is quickly becoming a thing of the past. As more and more states legalize social cannabis consumption, curious customers flock to dispensaries to check out the once taboo indulgence.
Cannabis dispensary franchisor Unity Rd. is at the center of this cannabis renaissance. The respected brand is normalizing and professionalizing the industry with high-quality products, an experienced team and the backing of its parent company, Item 9 Labs Corp., which has the distinction of being the largest publicly traded cannabis franchise company. Read more.
Why We Stay in Bad Jobs Too Long
The covid-19 pandemic has raised big questions about the way we live and work. Amidst the turmoil, we’re wise to take a fresh look at our work and consider whether changes are in order. With the “Great Resignation,” it’s quite clear that many of us have been dissatisfied with our jobs, with millions quitting each month. The trend looks set to continue, especially among younger workers. Many have fallen into the trap of staying in a bad job too long. If we’re privileged enough to have choices, the question becomes: Should I stay or should I go? Read more
Three Reasons to Buy a Franchise Before Year-end
There may be benefits to sign that Franchise Agreement prior to the new year. Here are three reasons to consider taking the leap to franchise ownership:
1. Potential Tax Deductions:
There are initial costs, including the Franchise Fee, when purchasing a franchise business. Some items may be deductible or amortized. Talk to your accountant and find out if it is beneficial for you to add these costs to this tax year.
2. Hit the Ground Running on Day One of the New Year:
There is a discovery and approval process to find the right franchise. Once you find the industry and brand, the set up and training takes time. Get this done before year end and you start the new year in full swing!
3. When is Enough, Enough?
Was your New Year’s resolution to take control of your life and start your own business? As we near the end of the year, it may be that emotional push to say “it is time”! There has never been a better time to start your own business. Funding is available, there are so many options to explore, and business is good!
Contact us today to find out more. Do you qualify, what funding options are available, and what industry is best suited for you? That is what we do, and what our corporate team has been doing since 1991!