Nov 19, 2018 | Franchising USA |
Article: Franchisingusamagazine.com Buying a Franchise as Opposed to Starting Your Own Business When the conflict is between buying a franchise and building a business, odds are always in favor of the first. Besides the obvious, there are many reasons why most people lean in the direction of owning a franchise than starting a business. The plus sides of owing a franchise are so numerous that it easily outdoes that of building a business from zero. But an argument can hardly be settled with a few passing facts. So, before one can argue their case in favor or against any of the two given choices, let's take closer look at the upsides of franchises and how those of a new business compare to it. The Chance to Collaborate Is a Gift Starting as a franchisee is the same as buying a ticket to be able to grow under the umbrella of a bigger and more successful concern. That sort of a collaboration is always seen as an opportunity in business. The opportunity to collaborate with bigger brands does not happen to nobodies in business, unless they go down the road of franchise. Such collaborative ventures are teemed with opportunities of not only growing together, but enjoying the fruits of another's labor. From marketing to advertisement, infrastructure to training, change management to administration, the franchisees get a cushion for everything from the franchisors, actively or passively. So, that's a lot easier than doing everything all by yourself knowing that there is a 50-50 chance of success and failure. The Chances of Success Are Always Higher with a Franchise This is not marketing fluff. It has been established through research and study that franchise businesses are generally at a lower risk of failure than startups. Supporting it is the finding published by the US Department of Commerce which states that one-third of the whole of national US retail sales comes from franchise. Other studies indicate that franchisees seldom fail, at the big ones. That's why it is always advised that you take your pick from the top franchise opportunities only. It may cost you a smidge more at first, but it pays big too. The Freedom If You Care A motivating factor that edges people to choose franchises over new businesses is freedom. Franchise business has a lot of room for free operation and decision-making. But let's not overstate it. You will still have a regiment to follow, a routine to stick to, but a much wider and less stifling one. If you seek flexibility, status and money, then start choosing from the best American franchises today. You will not be disappointed. Franchisees Make More Money than Businesses at First Article: Franchisingusamagazine.com Selling a McDonald's happy meal is always easier than persuading people to try food from a burger joint that has opened up recently. The goodwill of bigger brands always pay, no matter the location. So, the odds of making money from the first day of business is higher with franchise than with new businesses. About the Company: Franchising USA is a monthly digital publication bringing you all the latest news, expert advice, and information from the world of franchising. Franchising magazine USA contains a wealth of expert advice to help you get started with a USA franchise.
When the conflict is between buying a franchise and building a business, odds are always in favor of the first. Here take closer look at the upsides of franchises and how those of a new business compare to it.
Franchising USA is a monthly digital publication bringing you all the latest news, expert advice, and information from the world of franchising.