Reasons to Consider Franchising as Your Next Move

Franchise ownership is rewarding in both financially and emotionally. In the current economy where jobs are scarce, there’s a level of security that franchise ownership also provides. While there are so many benefits to owning a coffee franchise, the initial snags can slow down a lot of people. With that said, if you’re waiting for that final push, here are three great reasons to consider purchasing that franchise you’ve had your eye on for the last few months or longer:

1. Franchising Creates Jobs

You’ve probably noticed a lack of jobs on the market or if you’ve been apply, how hard it is to actually get an interview. With franchise ownership, you insure yourself a job and you also create jobs for others seeking employment. You’re able to control who works in or runs with your establishment and you never have to worry about being fired or having to find a new job (unless you don’t take care of your franchise). You help the job market and you help yourself.

2. Franchises Are Constantly Growing

From 2007-20012, franchise sales grew by 13.9%. This means that the opportunities are there, the investments are there, and franchise ownership is on the rise. You could be taking advantage of a great situation, financial stability, and the opportunity to be your own boss just by making that final committing step.

3. Small Businesses Lending to Franchises  Has Also Increased

Back in 2013, small business lending to franchises grew by 13.4 percent. Franchises are a force to be reckoned with. Both consumers and business owners can see this. Franchisors often help provide some financial oomph to many of their franchisees, though they don’t cover all the costs. That being said, there is more money available on the market for franchising because of the success that coffee franchises are seeing.

4. Be Your Own Boss

Aside from financial and job security, many people are choosing franchising so they can be their own boss. What franchising does is offer individuals secure jobs and businesses whose success solely depends on their owner’s hard work and devotion. You’re also given all the keys you need to succeed through the franchisor when you pay that initial fee.

With all these positive reasons and reassurances, there really isn’t a reason for the person planning ahead to say ‘no’ to franchise ownership.