There is one huge problem with starting your own business from scratch, however, and that’s in the level of risk associated with such an endeavor. Sure, you want to be your own boss, but do you really want to risk it all on an unproven venture?
If there is one reason why so many people turn to franchising to fulfill their inner business-owner desires, it’s that they reap all the benefits of business ownership while bearing little of the risk.
Stability in business ownership comes from prior success, which is exactly what a franchisor brings to the table. From supplies to vendors to marketing efforts, the formula comes already pre-loaded and proven.
Imagine yourself laying on a beach in the Maldives. Next, imagine yourself getting a phone call that business has slumped, your location isn’t as busy as you’d hoped, and you are having trouble finding new vendors to partner with.
It would be pretty hard to enjoy that mimosa and listen to the waves, stress-free and in peace, wouldn’t it?
Now imagine that call never happened because you’ve invested in a proven business, had help finding the perfect location, and was provided with an established vendor list.