It’s no wonder that many people considering starting their own business resort to franchising. With a well-established brand and a supported network/system, franchisees provide an opportunity to experience running a business while also receiving substantial assistance.
“A franchise is a business with training wheels,” said Tom Scarda, host of the franchise podcast. He went on to say that “for the vast majority of franchisees, franchising has proven to be a viable way to become a business owner.” It generally provides the lowest hazards and the best level of support. You’ll discover a team of dedicated specialists willing and able to support you every step of the way, from site selection to personnel hiring to grand opening, because a franchiser doesn’t succeed until the franchisees thrive.”
“Franchising takes the guesswork out of starting a business,” said Oxi Fresh Carpet Cleaning founder and CEO Jonathan Barnett. “They have established systems designed to give new franchisees a massive head start over competitors,” he adds. Furthermore, franchisees profit from the strength of a well-known brand. It’s difficult to exaggerate the value of beginning a business and having people recognize and trust your brand from the outset.”
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
Why We Stay in Bad Jobs Too Long
The covid-19 epidemic has generated serious concerns about how we live and work. In the middle of the upheaval, we should take a new look at our work and determine whether adjustments are necessary. With the “Great Resignation,” it’s evident that many of us are unhappy at work, with millions resigning each month. The tendency appears to be continuing, particularly among younger workers. Many people have made the mistake of remaining in a lousy job for too long. If we are fortunate enough to have options, the question is: Should I stay or should I go?
Three Reasons to Buy a Franchise Before Year-end
There may be advantages to signing the Franchise Agreement before the new year.
Here are three reasons why you should consider becoming a franchise owner:
Potential Tax Benefits:
When purchasing a franchise business, there are initial expenditures, including the Franchise Fee. Some expenses may be deducted or amortized. Consult with your accountant to see whether it is advantageous to deduct these expenses this tax year.
On the first day of the new year, get right to work:
To locate the right franchise, there is a discovery and approval process. Setting up and training takes time once you’ve identified the industry and brand. If you do this before the end of the year, you will be able to start the new year in full speed!
When does enough become enough?
Was it your New Year’s resolution to take charge of your life and launch your own company? As we approach the end of the year, there may be an emotional desire to say, “It’s time!” There has never been a better time to launch your own company. Funding is available, there are numerous options to choose, and business is booming!
To learn more, please contact us immediately. Do you meet the requirements, what financial choices are available, and what industry is most suited for you? That is exactly what we do!
