If you’re looking to open your own franchise, there are several things you should consider…
The average American works nearly 1,800 hours a year, not to forget schlepping to the rat race every day. Luckily, becoming your own boss has never been easier.
A multitude of turnkey franchise opportunities are available to guide the way of budding entrepreneurs like you. While owning a franchise can potentially mean longer hours, especially initially, many deem the independence and satisfaction well worth the risk.
A Franchise for Every Budget
While starting a franchise does require some up-front liquidity, it may not cost quite as much as you think.
Franchise fees can start as low as $15,000. Other popular franchises, on the other hand, have one-time franchise fees north of a million bucks.
With the wide variety of franchises available, there is one to fit nearly every budget, especially with the help of Small Business Administration (SBA) loans.
Do What You Love
Franchisee, Jovany Galarza, made his dream construction career a reality that paid big bucks when he started his own construction business. Likewise Leisa Byars of Hendersonville, Tennessee, merged her love of children and education with her entrepreneurial spirit to launch her branch of The Goddard School.
No matter where your passion lies, there is a business model for you. From geriatric care to auto supplies to diners to sign franchises and surfing resorts, franchise opportunities abound for would-be entrepreneurs. If you’re going to put your heart and soul into something, make it something you love.
Who’s in Your Wolf Pack?
Franchisees such as Jovany Galarza make it a point to network with as many other franchisees as possible to learn from their experiences. Franchisees currently form packs according to their parent brand or industry in order to help each other become better able to thrive
Not only is this motivated by altruism, it also comes from a desire to strengthen their companies by strengthening their name across the region. If a customer has a positive experience at one location, they’re more likely to visit another elsewhere.
Don’t Go It Alone
Starting your own business is an exciting, albeit risky, venture. With industry and commercialism at its peak, there is not a whole lot of room for new concepts and ideas. On the other hand, franchising offers you the security of an already flourishing business, plus the ongoing support of your backers.
Their expertise has already been proven with their continued growth. Because they need you for their future success as much as you need them, they’re heavily invested in ensuring your business maintains its upward climb.
There are many reasons why entrepreneurs and franchisees become their own boss, but the independence of owning a franchise is one that often tops the list.
Not only are you in the driver’s seat, you also get to use your management, communication, and customer service skills to their max. With top companies like Signarama offering franchise opportunities, becoming your own boss has never been easier.
Check out our article on how to get the most out of your franchise for valuable tips on franchise success. Or fill out our franchise application to learn more about how you can get started on opening your own Signarama franchise today!