Just because you want to be your own boss, doesn’t mean you have to start your own business from scratch. Time and time again, some of the best CEOs have been given their start in industry, thanks to being led by a larger brand. They have been taken under their wing, been shown the ropes and been given an insight into how to operate a business, they would otherwise not experience for many years.
Franchising is incredibly underrated and undersold for two main reasons. It feels like you aren’t in charge because you have to tow the company line. You feel like you’re not special enough to start your own business, in the truest sense. Both of these are absolutely untrue, and here’s why.
You Are in Charge!
No really, you really do get to be in charge of your own business. Franchises would not work if they forced every single business owner under their umbrella to do exactly what head office wants. You know your customers, the location, pricing needs and the local competition. For example, this Top Senior Placement Franchise you only need to invest $100,000 or less, to start your own senior care business. The franchise will help you set up, give you access to great software, technology and design plans for the structure, among other things. You can set your own pricing, your own features for customers, and you get full training support in the meantime. Inevitably, you will be weaned off to fully take charge and start running your company.
Part of being in a franchise is that head office has to help you as per the contract. You help them to expand their brand and if you are failing, you are entitled to get some kind of support. This is one of the few times you actually want big brother watching over you. If you feel that you aren’t getting enough customers, they can send out a team or a professional of marketing experts to help you. If you are struggling to keep control of spending and cuts, they can send you one of their financial advisors. If you would like more stock or perhaps, need help for storing items etc, they again can send you some of their workers to fix up the place and give you the products or services you need.
Even if you start your own business in a franchise, you can still climb the corporate ladder. As you may know, you will be reporting your annual income and profits to the head office. If they see you are continuously growing, not only can you start more businesses, but you can become a senior-ranking employee. Becoming city, state or regional manager is a real possibility. You will be sent out to help struggling businesses and show them how you become successful.
Working in a franchise is very exciting, especially when you know you have support to help you if things don’t go as planned. You can become your own boss, while working inside a well-known brand so getting customers is going to be easy!