August 13, 2018
If you are reading this, you must be thinking of how you can open a franchise. Becoming a franchisee is all the rage right now – and for a good reason. For one, it’s no big secret that franchises have a far higher success rate than other forms of business startups. But, more crucially, when you open a franchise it gives you the freedom often associated with small business ownership with the support of a big, well-established business network. In other words, a franchise allows you to stand on the shoulders of a reputable brand. If you are looking to buy or open a franchise, the chances are that you want to become your own boss. Perhaps you just left a full-time job to branch out into the world of entrepreneurship. One thing most people forget is that franchising is not an easy “get rich quick” scheme. You’ve to put in your hard-earned dollars and lots of your time. The bigger question, however, is: do you need business ownership experience before you open a franchise? Do you need some experience in the industry in which the franchise falls in? It certainly helps to have some background knowledge, but past experience owning a business is not really important. Opening a franchise can be your first plunge into the business world. The truth is that you can learn the ropes of taking care of a business in a wide range of ways.
About the Author - Kelly MangumDirector of Marketing at Franchise.com & Franchise Solutions. Experienced at lead generation & project management. Mama of 2, wife, runner, gardener, living just outside of Portsmouth, NH.
Categorized Under: Q & A