For a prospective entrepreneur, franchising is the easiest and fastest means to obtain a proven, predictable product or service, while at the same time limiting overall risk, reducing development costs, having an experienced support staff to turn to with any questions or problems, and, most importantly, enjoying an extraordinary profit potential.
Franchising offers many benefits and competitive advantages traditional independently owned businesses can only dream of. Perhaps that's why government statistics show while less than 10% of all businesses will survive their first decade of operation, more than 90% of the franchised businesses will still continue to be profitable, successful operations even after ten years in business!
How many independent businesses can boast of such an impressive record of widespread success and long-term stability?
A Complete, Ready-to-Go, Proven Business System — Consider all the development time, cost and effort you save with a franchise. As a franchisee, you instantly obtain access to a carefully developed, well-refined and strongly supported business system that has already been proven to be quite successful in the marketplace.
Cost of Goods and Services — This is where franchises certainly can flex their sizeable muscles for your benefit. With multiple units and widespread market penetration, franchises enjoy incredible buying power when it comes to negotiating the best prices from their distributors and service providers. This enormous buying power (that independently owned businesses envy so much) can have a considerable positive impact on your bottom line and long-term profitability. After all, the less you spend on cost of goods and service, the more that will eventually find its way into your pocket.
Expert Help and Assistance — While most small business owners know how it feels to be all alone and on their own when facing the enormous problems and serious challenges that often occur in a volatile, uncertain economy, franchisees simply pick up the telephone for help, assistance and solutions they can count on. Instead of being consumed by constant worry and fear which can easily lead to increased stress and negativity, this invaluable resource helps create a reassuring confidence encouraging franchisees to concentrate on moving forward in the positive pursuit of their financial goals.
