If you are thinking about establishing your own business, a franchise can be a great place to start. As part of a major franchise network such as Smoothy Factory, you can gain the benefits of professional marketing, national advertising, and specialized training and centralized purchasing. According to numerous studies, you are also more likely to succeed with a well-established franchise than by establishing an independent business. Franchising is a field of business that is seeing continued growth in the United States. Here are some of the advantages of owning a franchise business. Learn more about smoothie franchises, go here.
Purchasing a franchise permits you to go into business for yourself, but not by yourself. A franchise provides franchisees (this means you) with a particular degree of independence where they can manage and handle their business. However, they also have staff that are dedicated to offering you with ongoing assistance. This implies that you not alone when you're building and running your business, and you can always ask for the assistance of experienced people when you encounter any roadblocks or want to share new ideas for expanding the business. Find out for further details right here franchisebytes.com.
Lower Failure Rate
When you purchase a franchise, you are purchasing an established idea that has proven to be successful. Statistics show that franchisees have a much better chance of success than people who create independent businesses; as a matter of fact, independent businesses have a 70 to 80 percent chance of NOT surviving the first few critical years while franchisees have an 80 percent chance of being successful.
One of the top reasons to buy a franchise is that, if you're smart, it will help you avoid much of the risk of establishing a new business. While it is true that you still have to do your due diligence, however, if you do, you can identify with a good amount of certainty what happens if you become a new franchisee. Keep in mind that you can pay the franchisor the fees, or you can pay for a lot of expensive mistakes by not learning the lessons of others that have gone before you.
The biggest advantage of owning a franchise is brand recognition. A lot of franchises are well-known companies with established customer bases. Purchasing a franchise instead of building a new business saves you the time and effort of building a brand and attracting customers. Typically, it takes a few years for a start-up business to build a brand in a highly competitive market. There is also no guarantee that the consumers will ever see the brand as one that they should trust and patronize. Take a look at this link https://en.wikipedia.org/wiki/Franchising for more information.