There are many reasons why people want to be their own boss. Some are looking for greater flexibility in their work schedule, while others are drawn to the possibility of greater earning potential. But there are personal reasons as well.
In fact, studies have shown that people who go into business for themselves are far happier than those who work for others. As a whole, people who start their own businesses tend to experience greater engagement and motivation because they get to use their skills and autonomy to achieve challenging goals.
With such benefits, it’s not hard to see why so many people are eager to start their own business. This is especially true for motivated individuals ready to take their personal and professional growth into their own hands. The good news is that thanks to an expanding franchise business marketplace, there has never been a better time to do so.
Don't Start From Scratch
Owning a franchise is one of the best ways to be your own boss. In many ways, it beats starting a business from scratch – hands-down. This is because starting a new business is a challenging endeavor under the best of circumstances. There are so many decisions to make, so many things that, if overlooked, could spell disaster. But when you choose a franchise business, you can minimize many of the most challenging risks that new businesses face.
For example, franchising with a widely known and respected company may help you secure financing more easily and at better terms. Lenders may be more willing to trust a reputable franchise brand over unknown startups. A franchise also gives your new business instant brand recognition. This can help you earn new business and achieve sales faster than you might achieve on your own. Add in the professional marketing materials and programs your franchisor can provide, and with your added effort you can find yourself with a solid business primed for growth.
Support Would Be an Under Statement
Another valuable benefit of franchising is all the training and support you receive. As a franchisee, you have access to a large network of business experts and consultants who are happy to share their expertise and best practices with you. This also means that while you will be an independent business owner, you will never find yourself isolated or feeling like you’re doing it all on your own.
Still, even all of these benefits may not convince some people that franchising is the right choice. One of the biggest myths about investing in a franchise is that you won’t have control over your business. The truth is that while you will have all the support and resources available to you, the ultimate success of your franchise business is entirely up to you. As a franchise business owner, you will have a great deal of control over your time, your business decisions, and your future. In fact, you will have far more opportunities to apply your skills and experience than you may believe.
Would you like to learn more about how to own a franchise? A great place to start is to visit our Neighborly brands website and check out the many unique franchise opportunities we have to offer. You can also call us directly at (800) 700-0022 to speak to a franchise advisor. With a range of brands to choose from, in the diverse home service niche you might just find your next great business adventure today!