Don’t You Believe It!
Have you ever thought about owning a franchise but were reluctant to check them out because you thought they cost too much or you’d be buying yourself a job? Let’s take a closer look at these myths.
Franchises Cost Too Much
You may be pleasantly surprised at how affordable service, mobile, and home-based franchises are. There are well over 1,000 of these to choose from.
The main difference between the cost of owning an independent business and a service franchise is the franchise fee. Therefore, you’ll want to carefully understand what value and resources you get in return for the franchise fee.
As you evaluate a franchise, be sure to ask current franchisees how they feel about being part of that franchise system and if the franchise fee is worth it.
Buying Yourself a Job
A full-time 40+ hour a week commitment is the owner/operator franchise experience. It isn’t the only business model available among the 4,000+ franchises available.
There are also “manage the manager” type franchise brands that do very well. The ideal franchisee possesses well-developed management skills.
These franchises are typically well-suited to mid and senior-level corporate managers, executives, and other professionals.
Contact me if you want to learn more about either owner/operator or “manage the manager” type of franchises.