Although much has been written about the benefits of franchising versus small business, there are still many questions and issues. There are a lot of differences between running an independent business and purchasing a franchise. While often compared and contrasted to one another, these are two separate business ventures. They each come with advantages and disadvantages that should be considered before any initial investment. For example, owning your own, original businesses gives you full control of products, services and staff. Franchising, when matched up against a small business however, offers benefits like increased brand recognition, more available resources, and perhaps most importantly, a higher success rate, but there are other benefits of franchising. Click here to visit: DrPhoneFix Franchise Information
Benefits of Franchising Business is real
The ownership model of a small business is completely up to you. You can sell whatever product you would like, performed services anywhere you want and hire employees at your own discretion. Marketing, human resources and administrative process are all created by you, the way you want. Owning a business gives you total, 100% control. You have no one to answer to except yourself, and of course the government. Since franchises have a headquarters and high-level management team, owners can’t simply change the products and services they offer or the colors of the logo and successful the model of the business. The franchising company predetermines all these aspects. See also Cell Phone Repair Franchise
Benefits of Franchising: Brand Recognition
On the other hand, franchising offers brand recognition right from the beginning. As an owner, you don’t have to start from scratch promoting your company and trying to get your name out to potential customers. Your company will already be recognizable and may even have brand loyal customers that you don’t have to attain on your own, but that just come to you. Major franchises like Subway or Chipotle offer extreme brand recognition that couldn’t easily be replicated by a smaller start up company. A franchise has already made a name of itself so you don’t have to, all you have to do is invest and manage this extended branch of the organization, the name and brand have already been solidified. You are never alone in franchising either. Investing in this type of business opportunity provides you with many resources as an owner and manager.
Benefits of Franchising: A Prosperous Future.
A variety of franchises offer training and the initial products you will need to set up your location. They might have annual conferences or a network of franchise owners that you can go to for advice. Individual business owners don’t have an already built network ready to help them overcome business obstacles. Franchises don’t want to see their franchisees fail so they typically do all that they can to provide investors with the information, collateral and resources they might need to be profitable. In fact, when it comes to being profitable, franchises have a much higher success rate than individual small or start up business ventures. Also read Franchise Opportunities Under 50000
It is a combination of the franchising benefits as well as the structure of agreements that makes investing in a franchise a safer and less risky business investment. If you open your own business and it fails, only you lose money. Many people are wondering Am I A Good Franchise Candidate? When you purchase a franchise and it fails, you, the management team and the owners all lose money – and no one wants that.