6 Benefits Of Opening A Franchise Instead Of Starting A New Business
Updated: Nov 23, 2021
Starting your own business is exciting and the definition of the American Dream. But building a business from the ground up comes with risk and uncertainty. And before you even start it up, you need to write your business plan, develop your policies and procedures, and figure out how to build a brand. Entrepreneurship can be a lonely place, and the success or failure of the business depends completely on you.
What if there was another way? A way you could enjoy the freedoms of being your own boss but still have a foundation and stability to fall back on? That’s what a franchise has to offer entrepreneurs. Here are six benefits to opening a franchise instead of a start-up.
When you open a business that has a familiar name, you get a head start. Customers already know what your business stands for and there is a reliability in what they will receive. This means you don’t need to spend precious launch time introducing your brand to the world.
Proven Operating System
Buying a franchise means you are investing in the franchisor’s demonstrated processes. You’ll receive an operations manual that you simply need to plug in and play. No reinventing the wheel!
High Success Rate
Since you are given the foundation and will be trained on its implementation and product line, you will be responsible only for the day-to-day operations of the business. Rolling out a tested and proven business model ensures your future success.
Faster Return On Your Investment
It can be years before a start-up builds a clientele and starts making money. A known business name means an established reputation and the cash starts flowing faster.
Training And Support
Franchisors provide the training you need in every aspect of your business so you can avoid rookie mistakes. Knowing that you will have different needs as your business grows, franchisors offer ongoing support to help you develop as both a manager and a leader.
Franchisors carefully analyze the locations, size and potential customer base to determine the number of franchises that can succeed in any given location. This means you won’t be competing for business with other franchises in your market.
Does being a franchise owner sound exciting and liberating? Consider buying an Honest Abe Roofing franchise! We give you the tools and support you need to be a successful business owner.
You don’t need to have roofing experience to own an Honest Abe Roofing franchise – just your energy, sales drive and desire to learn. We help you open a business, be your own boss, and control your own future!