It’s tough being a woman especially when you have children. Working out how to make money and give quality time to your children is a challenge. I have tried most things such as full-time work, part-time jobs, freelancing and volunteering. I have often wondered about taking on a franchise so today I am looking at the advantages of taking on a franchise. You can find a lot of franchise resources online.
So much is already in place
With a franchise there is not the great risk of starting a business with a new product or service. Someone has already put a lot of thought and work into the ideas, the marketing of the brand and its systems. You don’t have to be as creative when you take on a franchise. If the business is good it will already be recognised in the marketplace giving you a head start in terms of appealing to customers.
Funding an untested business can be challenging. If you approach an investor with a business that has already proven itself, you make their decision to plough finance into your business so much easier. So many businesses fail in their early weeks or months because they do not have funding in place so unless you have funds to invest personally you might feel like a franchise is your best option.
One of the other things that comes with a franchise is contacts with useful people. That might be people who supply the product or service you are promoting. You may already have access to distributors for the product or service via your franchise arrangement. Similarly, advertising contacts may already be in place whether via traditional or digital media outlets.
People often want to enter business after a major life upheaval such as becoming a parent, divorcing, losing a job or relocating. Great franchises often come with a lot of training and support which is just what is in order when life feels a bit wobbly. Aspects of the business that might seem daunting such as managing accounts, selling and so on can be tackled with the back-up of a franchise.
What do you think about franchising?