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Five reasons becoming a franchisee will be the best career decision you could make
Making the decision to take the jump and become your own boss is never easy, but what if we told you there was a way to help ensure that your new business venture would be a success? Investing in a franchise is a great way to take control of your career while still being able to benefit from the help and support of experts with decades of experience in your chosen sector.
Investing in a franchise is a great way to take control of your career while still being able to benefit from the help and support of experts with decades of experience in your chosen sector. With 60% of franchisees reporting annual turnovers of more than £250,000 per year, it is unsurprising that franchise ownership is on the rise. In this blog, we break down five ways investing in a franchise could be the best career move you ever make.
A proven record for success
Starting a business from scratch can be daunting and, without a clear roadmap to success, many struggle to establish themselves and become profitable. Choosing to become a franchisee means that you can be confident that your offering already has a proven record of success - allowing you to focus on what is most important; business growth.
At World Options, we have been franchising since 2012 and we now have over one hundred franchisees in the UK, USA, the Netherlands, Belgium, Australia and Singapore. For many of our franchisees, monthly profits regularly exceed the initial cost of the franchise and regularly reach more than six figures over 12 months.
With such scope for growth, all our new franchise owners can be confident that they have the right tools to make a success of their business.
Unlimited earning potential
If you are tired of making money for somebody else, becoming a franchise owner could be the ideal step for you. With a business model that you know has the potential to be incredibly successful, you are in control of how much money you make.
While not without some risk, franchises tend to start to yield profit sooner than a business that is created from scratch; and by choosing a franchise model that doesn’t require you to invest in a lot of infrastructure and staff, you can be confident you are doing everything in your power to maximise your return on investment.
As a franchise owner, you will be able to make use of the processes and practices put in place by your franchisor to help your new business succeed.
Whether it’s centralised staff training or external accounting support, you won’t need to go to the time and expense of setting up each individual process alone. Instead, you can be confident that the processes you are adopting have been tried and tested and are the best for the needs of your business.
Flexibility and job security
As your own boss, you will be in charge of all the big business decisions that will have an impact on you. From being able to hand-pick the franchise you invest in, to where you work and the culture of your office - you will have complete control over your working life.
This type of flexibility is almost impossible to get in a traditional nine-to-five job, not to mention that you will still be able to benefit from as much training and guidance as you require from the company from which you’ve bought your franchise.
This opportunity for continued development and the fact that franchises have proven to be an incredibly robust business model makes owning your own franchise a liberating career move. Not to mention that research has found over 90% of franchise owners have reported their franchise as profitable and only 1% of franchises that close do so due to ‘commercial failure’.
Reduce the element of risk
There is always going to be an element of risk when it comes to starting your own business, but choosing to invest in a franchise can significantly help increase the likelihood that your new venture will be successful. In addition to benefitting from a proven business model, you will have the support of experienced industry professionals who will always be on hand to help.
We want all of our franchisees to be successful. That’s why World Options offers continued training and development opportunities to all our franchise owners, including in-person training at our Lancashire headquarters and as part of our annual franchise conference.
All our new franchisees are paired with a franchise mentor who has already been through the process and can offer them ongoing support and guidance.