If you have been bitten by the entrepreneurial bug and are considering business ownership as a career path, then you have no doubt considered franchising as an option. It has been the path to success for tens of thousands of people who have wanted to be their own boss.
Before you lay down the investment to open a franchised business, you probably have questions that need to be answered. In fact, you have probably heard some of the many myths about franchising that might concern you.
Let’s dispel some of those myths right now.
Myth: Franchising Costs Too Much
Fact: While it is true that there are some that can require a high investment to start, there are many home-based and service franchises that have very affordable investment ranges that make them easy to start. It just takes a little bit of research to find the ones that are a right fit for your budget.
And the support you receive from many franchisors in the form of branding, marketing, training, and other variables could cost you a mint if you were starting a business from scratch.
Myth: You Need To be An Expert in That Field
Fact: Franchisors are not looking for experts for their particular concept. They are looking for people who have passion, communication and leadership skills, and a willingness to learn. They will hold your hand from the beginning until the day you open the doors, and then beyond. Why? Because your success is their success.
Myth: Franchises Mean Fast Food
Fact: Yes, there are great franchises that are fast food, such as McDonalds and Subway. But when you look at the over 3000 franchise opportunities available, you will find many of the best ones are in a variety of industries, such as fitness, pets, home services, auto care, hospitality, and many, many more! (Hint: a professional Franchise Consultant can help you find a franchise in the industry that excites you!)
Myth: I will Have No Creative Control Over My Franchised Business
Fact: This could not be less true! While every franchisor has guidelines you will need to follow, many welcome new ideas. And outside of branding rules, you will still be able to market as you wish, as well as have control over many other aspects of your business such as personnel.
Myth: I will Need to Lose My Steady Paycheck to Start A Franchise
Fact: There are many franchises that allow you to be an absentee-owner. This concept affords you the opportunity to have someone else manage your business while you keep your current job. It is literally the best of both worlds!
Myth: Everyone Who Owns A Franchise Experiences Wild Success
Fact: Unfortunately, that is not always true. While franchisors give you the tools and training to succeed, the chances of success are still up to you. Like any business, owning a franchise takes hard work and dedication.
The Franchising Bottom Line
While it is true that success is not guaranteed, owning a franchise gives you a greater chance of succeeding versus starting a business from scratch. A franchisor is invested in your success, which means the level of support you will receive will be unparalleled compared to the traditional business world.
And the final key to success? Using a professional Franchise Consultant to help you during the process. They will save you an immeasurable amount of time researching the franchise options that are right for you, the finance options that make sense, and answer all your questions before you make your final decision.
Franchise Matchmakers is that Franchise Consultant. They are a team of franchising professionals that are dedicated to helping people explore business ownership as a career path. Contact them at info@franchisematchmakers.com to find out more about franchising options that are perfect for you.
