Being an employee means you don’t have power over what you do, what you earn, your benefits and even job security. These reasons drive people to quit a job and start their own businesses. When you dream of being your own boss, want to run a business from anywhere and search for an opportunity that is rewarding even in a recession, then a franchise is definitely a perfect fit. Franchising is more flexible and lucrative than people think. If you are desiring to transform yourself into a business tycoon, then read this article till the end. We have jotted down top reasons why owning a franchise is the best career option.
The outbreak of the pandemic has sent unemployment rates skyrocketing. This unemployment is causing high stress levels in people and they think ‘if they were a business owner, they did not need to face these difficulties’. Do you want to be in the same situation? Your answer will be no, right? So, it is high time to invest your efforts in the best education franchise in India to secure your future. Let’s discuss key features to flourish your career in franchise.
Reason you should choose a franchise as your next career move:
Proven record for success
Establishing a business from scratch is a daunting and overwhelming challenge. Without a clear roadmap to success, you have to struggle a lot to earn respect in the market and become profitable. On the other hand, if you choose to become a franchisee then you will be more confident because you will be owning a brand that already has a proven success record. This allows you to focus on what is most important for business growth. All you have to do is work hard for your location and area.
Being a franchisor, you will gain complete support from the brand right from day one. Not only will they guide you on how to run a business, but they will also keep a check on your performance from the beginning till you get the breakeven. Almost all the brands have an operation manual and pamphlets that explain their business type. This will help you run a business efficiently and achieve brilliant results in a short span of time. In addition, franchisors invite franchisees to seminars, workshops and also provide training when required.
Easy bank loans
When you opt for franchising and associate with a great and well known brand in the market, even banks will provide their full support and offer finance schemes. Moreover, franchisors convince the banks to give you a loan without any interest rate. So, finances will never be an issue again.
Flexibility and job security
Being a boss, you will be incharge of all the business decisions that will have an impact on you. You will have complete control over your working life. You cannot enjoy this type of flexibility in your traditional nine to five job. Being a boss does not mean you cannot acquire any help or guidance from the franchisor. You will still be able to take advantage of training and guidance from the company. Therefore franchise is an incredibly robust business model and opting a franchise is a lucrative career move.
Reduce the element of risk
Establishing a business from scratch means there are high chances of risk. However, choosing to invest in a franchise can significantly help increase the probability of success of your new venture. Additionally, you will have the support of expert industry professionals who will always be on hand to help you. As a franchisee, you will be paired with a franchise mentor who has already been through the process and offers you ongoing support and guidance to grow your business and make profits.
Work and life balance
If you are fed up due to imbalance in your personal and professional life then owning a franchise is a right option for you. When you work in a corporate environment, you have to plan your life around work. However, being a franchise, you will be able to plan your business around your life. Have you made up your mind to start a franchise? Is it a coaching franchise? If yes, you should manage your time appropriately to conduct the coaching for a variety of competitive exams such as SSC CGL, SBI PO, IBPS clerk etc.
Most people fail to run their business due to poor market strategy or sometimes they don’t have finance to advertise their business. When you choose a franchise as a career option, the marketing strategy is done for you. Franchisor will provide you all the market support and a strong customer base. As a result everything will become hassle free for you. Even for local marketing, you can share your opinions with the franchisor on how you want to advertise business in your territories.
So, it is clear that there are a lot of exciting reasons why starting a franchise could be the best decision you ever make. However, the journey will not be without challenges, you need to work productively to reap the rewards of franchise.