Starting a business hard. In fact, it’s so hard that the Small Business
Association found that in the UK, 30% of new companies fold within the
first two years and 50% never make it to five years. These are fairly
bleak statistics but they’re also not surprising. Indeed, a new business
depends on a great deal of success if it’s to be sustainable. It also
requires an owner and team who are able to work tirelessly through a few
years of adversity before the cash begins to roll in. There’s also
paperwork and admin to consider. Oh, and the economy is a cruel mistress
who ultimately decides who are the winners and losers of the business
game.
Basically, starting a new business is one of the hardest things you can do.
But what if you could own a business without struggling through all of
the teething pains? What if, instead of coming up with an original idea
you could simply borrow one that has been proven to make money? Well,
this is exactly what franchising allows you to do.
Effectively
buying a business, franchising is the name for any business that allows
investors to open their own branches. Some of the more popular and
familiar franchises includes places like McDonald’s, Papa Johns, and UPS
stores.
After making an initial deposit, investors are
provided with all of the marketing materials, training, and support
systems they need to open their own store or start providing services
under an established name. Eliminating the terrifying risk which is
attached to a completely new enterprise, these savvy investors can rely
on customers and trade flowing in the moment you open the doors.
There’s also an abundance of industries which abound in franchise
opportunities. Indeed, it’s possible to open a franchise in everything
from the car to a homecare sector. There’s also a range of franchises
that can be operated online to allow investors to work from home or
remotely.
When it comes to the success rate of franchises,
things look a lot more positive than the figures relating to new
businesses. Specifically, the rate of franchises which go on to succeed
is around 90%. This certainly looks a lot more appealing than the
forecast for starting something completely new.
Finding out more
information about franchises and the rate at which they turn over a
profit has never been easier thanks to a proliferation of online portals
and websites that specialise in this particular area of business.
Sites like Franchise Supermarket, for instance, allows users to browse
the complete selection of opportunities available and receive all the
necessary details to make a deposit and begin operating their own
business.
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