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Franchise & Business Opportunity News

Why Choose Franchising?

Written on May 9th, 2007 by Joseph in Franchise Industry.

Franchising only works when one combines the drive and energy of the franchisee with the experience and expertise of the franchisor.

Currently, franchising is riding a wave of global growth unparalleled in its history worldwide. For the right kind of person, franchise ownership can provide the perfect medium for achieving financial success. Franchising provides the opportunity to be a master of your own financial destiny, whilst at the same time enjoying the support of an established organization and the resources it commands.

Statistics vary widely on the success/failure ratio of franchises versus non-franchised individual start-up businesses, but franchises always come out on top.

Let’s look at a few facts of the matter. If you are mixed up between a franchise and an individual start-up why not firstly compare the payment of an up-front fee to buy into the support, reputation, and track record of a franchise system with the research, development, and start-up costs involved in creating your own independent business. The odds of survival always favour franchisees. Franchising is all about being in business for yourself, not by yourself.

For those considering purchasing a franchise, the idea of writing a rather large check for the franchise fee as well as another one every week or month for royalty fees may seem strange and objectionable. Yet, let’s look at the advantages. Those fees buy you security in the form of the experience and expertise already mastered by your franchisor, including a proven business model, a system to make it work, the value of a recognized brand name as well as a dedicated team of people whose only job is to help you grow and succeed. Whenever you require help, they are always there to aid you. Why? Because every major franchisor knows that the more each franchisee succeeds, the more the brand succeeds.

Yet, even though you receive a solid business model, a brand that sells, and comprehensive training as well as ongoing support from the franchisor, franchise ownership still requires plenty of hard work, with results accomplished over time. Franchising is not always for everybody. Some people thrive on the challenge of being out there on their own, inventing a new wheel each day, making all their own decisions and answering to no one but themselves.

Franchising, like anything, has its drawbacks. But it also boasts many awesome advantages. These include:

* Being your own boss
* Being rewarded for hard work
* You receive a proven business system
* Comprehensive training and support
* Financing assistance
* Site selection assistance
* Peer networking Brands
* Marketing/advertising
* Bulk purchasing
* Exclusive territories

And so much more!

5 Responses to “Why Choose Franchising?”

Franchising Far Outweighs Independent Business: A Comparison - Franchise Opportunity, Businesses for Sale, Business Franchises - First Prize Franchise Left at 6:44 pm on July 27th, 2007
1

[…] And that’s a strategy that pays off. After five years, some 90% of franchises are still in business while 90% of independent businesses have folded, according to RTOOnline.com. […]

The brandEXPANSION Hot Press » Franchise Industry News Leader Left at 3:35 am on September 10th, 2007
3

[…] With most of the established and valued franchises opening branches across the country, America seems to be the ultimate haven of franchisors as well as new entrepreneurs. The franchising market of the United States is expanding at such a rate that Australian and New Zealand-based companies are also gradually opening their franchised units across the United States. Along with the neighboring Canada, USA enjoys the world’s highest gross domestic product sales of more than 10 trillion dollars, thanks to the disposable income and high savings amounts of the population. Moreover, being adventurous and open-minded in nature, Americans are willing to accept new and unique franchising concepts with open arms. That’s why franchising businesses enjoy such an astounding success rate in this country. […]

It’s A Grind Coffee House Serves Up Success Coffee Opportunity, It’s A Grind Coffee House Serves Up Success Coffee Business for Sale Left at 10:26 pm on September 26th, 2007
4

[…] Franchising also gives added security with a proven method of doing business and marketing support. With its unique atmosphere and its diverse menu to suit everyone, a franchise with It’s A Grind is sure to be successful. As an owner of an It’s A Grind franchise, you will be provided extensive training: two weeks at the cooperate headquarters and daily conferences to ensure you are ready to run the business yourself. Like every franchise, the system has been tried and modified and tried yet again until the methods of the franchise insure prosperity. […]

5 Reasons Franchises Continue to Thrive - Franchise Opportunity, Businesses for Sale, Business Franchises - First Prize Franchise Left at 1:43 am on October 29th, 2007
5

[…] has even surpassed that of the US economy! So, it seems that the American market is just perfect for opening a franchise. Browsing through the following points, you will get ample reasons of entering this burgeoning […]