One question that potential franchisees sometimes ask is, “Why should I buy a franchise? Why can’t I just go out and start my own business?”
It’s a reasonable question. Many people have done precisely that. However, there is real value to considering the franchise business model—with what you gain from the experience, know-how and operating plan that comes with it.
Without the professional training, business experience, or connections it takes to succeed, it is difficult to get off the ground. Many small business owners even hire outside individuals with experience just for advice. Opening a business independently takes time and money. And start-ups face many challenges in their first year and it can be difficult to build a successful business from scratch.
The advantage to franchising is that, with the right opportunity, it provides you with a series of benefits that it might take years to develop on your own, if at all. The right franchising opportunity gives you the ready-made framework within which to build a successful business.
As a franchisee, you enjoy advantages that put you light years ahead of the independent business operator. Name-brand recognition and a network of support provide an immediate and distinct competitive edge over the independent, stand-alone business. You can avoid that costly trial-and-error period that causes so many problems for start-up businesses. As a franchisee, you’ll “hit the ground running.”
Each year, more than $800 billion in goods and services are sold through franchises in the United States. There are over 550,000 individual franchise outlets nationally, and each working day, a new franchise opens every five minutes.
Consider being part of this growth story, as a part of our Welcyon franchise family.