I’m part of a great industry. It’s pretty cool to be involved with the greatest business model ever developed.
For the right person, at the right time in their life, who has the financial capability, becoming a franchise owner can be an amazing, life-changing experience.
If you’re going to become a franchise owner, it’s only fair that you should know the top things that you’ll benefit from as an owner. Then, and only then, can you start looking around, and choosing a franchise that’s right for you.
There are lots of positive things that the business model of franchising brings to the table. Maybe there’s a place set-up for you.
Systems are in place for you to use.
You’re provided with a training program to help you with everything you will need to know.
A franchisor’s technology budget is probably larger than yours, so you should expect a lot of tools for you to use in your business.
A franchisor has marketing plans and advertising templates for you, which helps get your name out to the public in your geographical territory.
A franchisor has support systems in place. These include in-house systems and personnel to the field reps that visit you periodically.
Real Estate Assistance
Most franchisors have resources to help you with site selection if your franchise business requires a location.
A network. There are other franchise owners who, like you, invested in the opportunity. They have experienced things from the front line, and can help you out with problems that may arise.
You have a real chance at creating real equity. Wouldn’t be nice to at least have the opportunity to be the seller of a business? If you can sell your franchise someday, and make a nice profit, that would be awesome, right? And that, would be equity, folks.
It wouldn’t be so bad for your kids if they were able to take over your business, right? Keeping it all in the family is an advantage.
You own what you do
(Even if you have bought into a franchise system, it’s your business