Entrepreneurs who are interested in opening a new business often are undecided if they should buy into a franchise or if they should start a similar business on their own. The following are a few of the main reasons why you should choose to invest into a proven franchise concept as opposed to starting up a business on your own.

Top reasons why you should invest in a franchise?

1. Training and support. With most franchises, previous industry experience is not a requirement. A good franchise will train you on running your business from start to finish.

2. Critical start-up assistance. The start-up phases are always the most challenging for any business. A good franchisor knows this and will offer extra assistance during your start-up phases.

3. Pre-negotiated vendor contracts. Franchisors have great leverage over their suppliers and can typically negotiate better than average rates, terms and levels of service from their suppliers.

4. Franchises are usually preferred in most retail locations. If your franchise is a location based business, having the right location can make or break your business. A franchise will win almost every time when it comes to securing the premium locations in a market place.

5. Ongoing Support. Franchisors are behind the scenes constantly looking for ways to make their franchisees more competitive and successful.

6. The stats are overwhelming! One in every 12 businesses in the US is a franchise…over 90% of franchises are still in business after 7 years vs. less than 20% of independent businesses after 7 years!

Contact me directly if you’re looking into being a business owner or need more information.

Dio Rodriguez

dio@heroeshelpers.com

786-201-5055