Franchising is a great opportunity for people who want to be their own boss. There are big decisions to be made, just like in every business venture, but the difference is that you would be the one making them. So many people discount this opportunity because they think that there are obstacles, but the truth is, that it is easier than starting your own business from scratch.
To begin with, you will be able to ascertain, utilizing other people, what makes a franchise successful and what does not. You have access to preferable real estate locations, marketing techniques, proven promotions, and employee training services. Franchising can take much of the guesswork out of the equation that you have about opening your own business. There is also the added benefit of already having an established brand presence.
If you are thinking, “I don’t have the money to start a franchise,” you are probably dead wrong! There are hundreds of franchises with initial investments as low as $10,000. You don’t have to go take out a loan for $500,000 because you want to open a McDonalds.
Having said that, you do want to be smart about which industry you choose. Check out the competition first. If there are three 24-hour gyms in the area, think about opening a healthy food chain, or putting a string of healthier option vending machines in the area. Don’t open another 24-hour gym, in other words. There are several industries that are on the rise and have been making loads of money lately. Vending franchises, like DVD vending, have made a serious impact in the world. You can’t go anywhere without having access to a RedBox or something similar. Another franchise that is on the rise is healthcare franchises. This is because America is finally getting savvy about the obesity epidemic and doing what they can to combat it. Many corporations are offering incentives to employees who lose weight or have a lower BMI, which means that people are looking for healthier nutrition options and fitness facilities.
If you are looking for more information about franchising opportunities by industry, region or initial investment, check out Franchise Clique. They have the most comprehensive list on the Internet and can help you make an informed decision. You will be able to access information directly from the franchiser and compare different companies, including awards, demographics, retail spaces and much more!