Franchises have become an increasingly popular choice for anyone who wants to start their own business without the risks and stress of setting up their own independent start-up company. There are many benefits to investing in a franchise, from being your own boss to securing a better work/life balance. Here’s a look at some of the top reasons franchise businesses are a popular choice.
Increased work flexibility
One of the paramount benefits of investing in a franchise is the flexibility to set your own hours so you can accommodate family duties, tailor your work life around your home life and establish a better work/life balance. In a regular, 9-5 job, you’re working to someone else’s schedule, but when you own a franchise, you can be your own boss and enjoy a higher degree of control over your life.
The rising popularity of home-based working
There are a variety of franchise investment opportunities available, with everything from white-collar franchises to cleaning franchises and pet franchises. The great news is that you can run many of these franchises from the comfort of your own home. Home-based franchises have surged in popularity because they provide all the benefits of home working, including:
- No more exhausting, frustrating commutes.
- Enjoying your home comforts.
- More time with your family, even during the working day.
- No gossiping colleagues or a toxic environment to endure.
- Reduced overheads and expenditures.
Therefore, if you decide to invest in a home-based franchise, you can enjoy all of these benefits and more! As this is an attractive proposition to many aspiring business people, home-based franchises have driven forward the popularity of franchise businesses.
Franchises suit a variety of budgets
No matter how much capital you have to invest in a franchise, there are franchise opportunities to suit every budget. This makes them alluring for people from all backgrounds and walks of life because they are unmissable business opportunities that can pay off handsomely in the long term. With third-party finance options also available, a franchise can open doors to your career progression and help you to achieve your dreams.
Many franchises are well-established and popular brand names that are well-known to customers. Therefore, you’ll be able to enjoy the reassurance that your investment is safe and will provide you with an income for many years to come. For this reason, many parents are opting to invest in franchises because they can provide their families with a good measure of stability, allowing them to feel safe in the security of their business venture.
A low-risk investment
Unlike start-ups and small businesses, franchises are relatively low when it comes to failure rates. If you’re buying into a local franchise investment business, you should be able to enjoy a little peace of mind that your business is unlikely to fail. This is crucial if you’re sinking money into the business with the hope of getting a sizeable reward for your investment.
Lucrative profit margins
A great facet of franchise businesses is that you could make a lot of money. You will not have to work tirelessly for weeks, months or even years to raise the profile of your company and bring the customers flowing in. As there may well be some customers who have already heard of your brand, you can start to increase footfall from the beginning of your franchise journey, generating a lucrative turnover and net profits.
Reduced stress and increased support
Globally, only 53% of people report job satisfaction in their current role. Therefore, it is necessary to be in a job where you feel happy, supported and encouraged. As a franchise owner, you will integrate into an established company model, often with marketing campaigns and staff recruitment all taken care of for you. When you’re less stressed and feel more supported, it’s natural to feel happier in your work. Happier workers tend to be more productive at work.
So, your reduced stress and more support can actually ensure your work rates also rise. In the end, a higher work rate translates to better profits, meaning that franchises have become the business opportunity of choice for anyone who wants to boost their income.
Be a part of something great
Franchises dominate the industry across a plethora of sectors. Once you’ve leapt to invest in one of these opportunities, you’ll notice just how much a franchise can bring into your life. If you’re someone who is intrinsically driven toward success, you find will that a franchise business can be a part of achieving that success.
Globally, people are recognising these benefits, so what are you waiting for? Get started on your franchise investment today and reap the benefits that many other franchise investors have already previously enjoyed.