Are franchises a good investment?
Opting for a franchise may be a good choice for investors looking to be their own boss. As an investment that doesn’t require any experience to start in, becoming a franchisee has become a growing trend, as the boom of franchises has increased.
But is investing in a franchise a good option for you? Let’s take a look at what it means to own a franchise.
The challenges of owning a franchise
Running a business is hard work, there is no denying that. And becoming a franchisee is a business commitment…
- Great franchise systems will simplify business processes by providing you with the tools and continued guidance needed to succeed. Be prepared to follow the systemised processes outlined by the company you join. They are crucial for your success.
- Yes, you can choose your own hours, but you can’t expect others do all the hard work.
- You will be responsible for assuring the growth and profit of the business.
- You will be responsible for ensuring your business upholds the company’s own values and standards of service.
- You will be responsible for any staff you may hire.
The benefits of owning a franchise
Franchises are usually an ideal choice for investors because they use a tried and tested business model. Because of this, investing in franchises is a lower risk than investing in start-ups.
Running a franchise requires a positive outlook and lots of motivation, so it’s ideal for people that have a business model or vision that they want to commit to. Franchisors, franchisees and business development coaches want to help you grow, so you’ll have guidance.
For example, say you’re interested in starting a dog grooming business. You’re a dog lover, but that’s as far as the experience goes. Without experience in management, or pet grooming, or an understanding of pet-friendly grooming products, you might not have enough to effectively start your own business.
With a franchise behind you, you’ll have tried and tested methods, training from the franchise company and business insights you can’t get on your own. No experience is necessary. And the mobile pet grooming & hydrobath business we have for sale is a perfect choice. After you experience investing in a franchise, you’ll have an extensive range of knowledge about both the dog grooming industry, and managing a business itself.
The other thing about choosing a franchise is you are starting off with a known and recognised brand, so you may have an initial client base from the get-go.
Investing in a franchise isn’t for everyone. You need to be enthusiastic, motivated and have a positive outlook on things to really benefit from the system – but if you do, you’ll be sure to love it. For more information regarding the different franchise options available at James’ Home Services, click here.
James’ Home Services
If you’re interested in investing in a franchise, make sure you pick a supportive one. James’ Home Services doesn’t only support franchisees from head office or with a business development coach alone. At James’ you’ll be introduced to our entire network of franchisees so you can ask other James’ business owners questions about business, marketing, service offerings, customers and more.
James’ Home Services has a range of franchises for first time investors to choose from. With our dedicated business development and marketing teams behind you, you’ll be able to grow with the company and be updated as new ways of marketing to clients crop-up and innovative business management processes are developed, so to streamline your business processes even further.
Complete a franchise enquiry form here to find out more. If you are in Melbourne, follow the link below for a free ticket to meet us in person at the Melbourne Franchising Expo this August 2017.