Top 4 reasons to own a franchise in 2024
As the year winds down, you might be reflecting on where you are in your job and personal life. How satisfied are you with the state of your career? Are you excited to continue what you’re doing in 2024? Does it make you happy to think about your upcoming goals and projects?
If not, why not make a change? The new year is a great time to become your own boss.
THE Top 4 reasons
Improve your work-life balance
How great would it be to set your own schedule? That will be your norm if you become a franchise owner. While the early stages of ownership may require an intensive time commitment, you’ll soon be able to create a work schedule that suits your lifestyle and priorities.
Maybe you want to spend more time with your family, make it to your kids’ soccer and hockey games, or be in the front row for opening night of your child’s theater performance. Maybe you want to travel or spend more time doing things that are important to you.
If your current job doesn’t allow you to do these things, why not explore a new path?Gain a support system
Starting a business can feel scary. But becoming a franchise owner enables you to skip over so many startup headaches. There’s already a set game plan and a successful business model. There’s an established brand and marketing materials. You’ll receive training and ongoing support. You’ll have a deep bench of support from both the franchisor and your fellow franchisees, your built-in peer group.
These safeguards increase your chance of success and help you better navigate any bumps in the road.Take it to the bank
If you’re worried about how much money is required to buy a franchise, here’s some good news. Financing the purchase of a franchise can be easier than for other types of businesses! Because franchises have established track records and often lower overall risk, banks and lenders are often more willing to provide financing to franchisees than to independent small business owners.Get in early on new and exciting franchises
In January, I’ll be heading to the FranChoice convention and learning about many winning franchises that are rolling out regionally or nationally. More and more recession-resilient brands are on the scene, so you can reduce any worries about fluctuations in the economy. The hottest brands usually sell out their territories pretty quickly, so if you schedule with me in January or February, you’ll get an early heads-up on the newest opportunities.
Why not make 2024 the year you line your own pocket instead of working for others? Schedule a call with me to learn about my free, no-strings process for finding your best-fit franchise opportunities.