Franchise Benefits to Counter a Down Economy

September 6, 2011 | Author: | Posted in Franchising | 145 views
Franchise Benefits

Franchise Benefits

A franchise isn’t just another job, or even another career. It’s a lifestyle that requires a great deal of devotion and time. Opening a franchise is never an easy decision and those who choose to change over to the life of an entrepreneur should recognize that a dramatic shift in their day to day routine is about to occur.

You can expect less time for your family, less personal time, personal collateral on the line for your business, less sleep, additional stress, long hours and in some cases minimal rewards. With that said, despite the disadvantages there are great rewards to be had for those who opt to own their own business or open a franchised establishment.

  1. You will no longer be a slave to the drudgery of working for someone else, toiling away in a job that seems to have no end in sight. There is a great benefit to being the one who cuts your paycheck – especially since opening your own business gives you unlimited profit potential.
  2. You work for you, not someone else. That means you get to be the one that makes all the business-altering decisions. In other jobs you’re stuck with the bad decisions of others but when you own a franchise you can constantly shift your business model to stay on track for growth.
  3. Extensive job security. While your success is based on a lot of factors, no one can fire you for a bad quarter or underperformance during a certain period. No write-ups, no notices, no suspensions. You’re all in for the long-haul
  4. You will rapidly gain depth of skills and experience because you’ll be handling multiple aspects of your business while dabbling in a variety of disciplines. You will become the man (or woman) of many hats
  5. As the owner of your business, you can take the time to decide on what level you’ll engage your customers as well as the community. Brand building is no longer handed down from a corporate marketing executive. Even as a franchise owner, your brand is in your hands.
  6. Imagine the bragging rights of growing something from a simple idea in a business plan to a real and viable business. Even if you buy into a franchise opportunity, you’re still responsible for getting it open. Because of your action and choice, the community now has a business that supplies a much needed product or service and they will rely on you day in and day out.
  7. Ultimately you’ll choose a franchise that resonates with you – hopefully something you’re passionate about. That means that every day you go to work you’ll be doing something that others only dream of. You’ll love what you do, every day, and you can go home knowing that you have the personal satisfaction of doing exactly what you dreamed of.
  8. Your franchise provides potential for retirement. Someday, you’ll be able to sell your successful business for a substantial profit that will set you up on a cushion for retirement. You won’t have to toil away to build retirement accounts like others.

You’re building a business and an investment with a franchise and the benefits are endless. By building on a strong brand, you can bring something familiar to your community and give your company roots. When done properly, you build stronger brand recognition and people will enjoy doing business with you. As your business grows, so too will the rewards and benefits of being a franchise owner.

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