Owning a franchise allows you to go into business for yourself, but not by yourself. A franchise provides franchisees with a certain level of independence where you can operate their business. Franchisors will offer you ongoing essential training and support to ensure you the highest possible chance of running a successful business.
Entering the world of business alone without professional help and support can be risky and daunting. A franchise provides an established platform in which you are able to build upon, both in terms of support, training and an established product or service.
However you will be given the freedom and flexibility to run the franchise day to day, fulfilling your own needs and personal goals whilst working under the franchisor’s successful brand name and guidance.
This franchisee also enjoys the benefits of a pre-sold customer base which would ordinarily take years to establish. A franchise increases your chances of business success not only because you are associating with proven products, but you because are provided with tried and tested methods.
These methods again could take years to establish, but could take even more mistakes. Therefore owning franchising is much lower risk, with potentially much higher reward.