Statisitics on franchising are incredible for the years 2005-2006. In the US there is currently 767,483 outlets under 1500 franchise brands.
This statistic alone proves that franchising is a nationally accepted concept as well as very profitable.
The 7 advantages of Franchising:
1. When you join a franchise, you are joining a business and a name that is already on the up and up. The business module is complete and any of those first time problems have already been figured out.
2. Franchising includes many benefits such as marketing, customer relations, accounting, staff training and deployment, and finally running day to day business.
3. Solutions to any types of problems or technical support issues are always just a phone call away. Your franchisor is always there to help you with any problems, small or big.
4. You have a network of people to expand on ideas. This helps to make the business better and more profitable.
5. Aspects such as future plans, buying power, research, expansion activities, and market surveys will be done within the chain, which means you will reap the benefits. The risk is done collectively and not individual as in independent start-ups.
6. You are your own boss and have nobody to answer to but yourself. If you have a good work ethic then this is what you have been waiting for your whole life.
7. With franchising, you have staff that are well trained due to company standards and training. The result of this is that you can focus on other parts of your business instead of running the day-to-day operations.
Franchising is the business guru's choice all over the world. It's proven and it works!
This statistic alone proves that franchising is a nationally accepted concept as well as very profitable.
The 7 advantages of Franchising:
1. When you join a franchise, you are joining a business and a name that is already on the up and up. The business module is complete and any of those first time problems have already been figured out.
2. Franchising includes many benefits such as marketing, customer relations, accounting, staff training and deployment, and finally running day to day business.
3. Solutions to any types of problems or technical support issues are always just a phone call away. Your franchisor is always there to help you with any problems, small or big.
4. You have a network of people to expand on ideas. This helps to make the business better and more profitable.
5. Aspects such as future plans, buying power, research, expansion activities, and market surveys will be done within the chain, which means you will reap the benefits. The risk is done collectively and not individual as in independent start-ups.
6. You are your own boss and have nobody to answer to but yourself. If you have a good work ethic then this is what you have been waiting for your whole life.
7. With franchising, you have staff that are well trained due to company standards and training. The result of this is that you can focus on other parts of your business instead of running the day-to-day operations.
Franchising is the business guru's choice all over the world. It's proven and it works!
Labels: Franchise Opportunity
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