Five reasons you should start a franchise right now

Five reasons you should start a franchise right now by Michael Cheary If you’re looking to own your own business, why not consider franchising?Aside from the obvious benefits that come from being your own boss, it can also be a very lucrative decision for anyone willing to work hard and do something they love.Here are five reasons you should start franchising right now:1. You can own a successful franchise brandStarting a franchise doesn’t mean starting out on your own you’ll be working with a tried and tested business model.Basing your business on an established idea allows you to attract customers right away, and use any existing marketing efforts to help spread your message.That existing customer-facing relationship and instant brand recognition will benefit your business in ways that a brand new company just couldn’t generate the same way.2. You can choose the industry you work inNot sure retail is right for you? No problem.There are a wide range of franchise opportunities available, across a variety of different industries and sectors. So whether you want to run your own restaurant or head up your own distribution depot, there will be an opportunity out there for you.Not sure where to start? Think of something you’re passionate about and go from there. It really could be that simple.Franchising: how to get started »3. You can find finance more easilyTo put it simply, banks like franchises.Basing your business plan on something which has already seen success alleviates some fears that lenders may have backing your idea.You’ll also be able to benefit from reduced costs moving forward due to the collective buying power behind your company, easing your financial burden and helping pay dividends when it comes your end of year accounts.4. You can eliminate many of the risks associated with starting a businessDid we mention that a franchise is tried and tested?Although starting your own business will never be able to guarantee success, becoming a franchisee allows you to adopt an already exis ting business model. That means that many of the teething problems that come with starting a new business have been ironed out.Remember: being successful is mutually beneficial for both the franchise and franchisee, meaning it’s in both parties’ interest to make sure the relationship works.Essentially, you’ll be set up for success from the outset â€" it’s simply up to you to drive your own business forward.5. You can secure support from the franchiseFinally, starting your own franchise doesn’t mean you’re merely buying into a name.You’ll be provided with ongoing support as part of the package, not to mention comprehensive training about how best to embody the brand values. If you have any problems at any part of the process, the right people will be there to help.Having real business backing behind you will give you the confidence to start out on your own, providing ongoing advice to make your business â€" not to mention theirs â€" a success.And let’s face it, someti me a little help really can go a long way…Find out about the latest franchise opportunities »Find a job What Where Search JobsSign up for more Career AdviceSign up for moreCareer Advice Please enter a valid email addressmessage hereBy clicking Submit you agree to the terms and conditions applicable to our service and acknowledge that your personal data will be used in accordance with our privacy policy and you will receive emails and communications about jobs and career related topics. What job suits me?