In this article, we’ll look at why the world of franchising may be exactly what you need to get your new year off to a great start. If you’re thinking of a career change and choosing your resolutions, here’s why franchising is a great way for you to start doing you and become your own boss.
With the new year just around the corner, you may be thinking about a fresh start for your career. During a time for resolutions and renewal, rethinking your work life may leave you wondering what more you can do for yourself in order to achieve your goals.
If any of your future goals include entering an industry you are passionate about, running your own business and being your own boss, starting a franchise may be your ideal plan for 2020.
Transition your knowledge
In this time of reflection, you may feel that your skillsets, talents or interests are not best placed in your current job. Working to someone else’s aim can be uninspiring, and if you’re reading this, you might be one of the many who aspire to own their own business.
Franchising is a great way to do this. By investing in a franchise and becoming a franchisee, you can take the wheel when it comes to directing your career path.
Although it can feel like a big leap, the beauty of the franchise system is that you are investing in a tried and tested model.
Starting a franchise is a learning curve, but one in which you can transition your current knowledge and career expertise into a business you can call your own.
In 2020 you could harness your dream career prospects into an imminent reality, here are eight reasons why starting a franchise can take you there.
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8 reasons why you should start a franchise in the new year
1. You’re in control of your future
Buying a franchise puts you in control. You get to decide how quickly you grow your business, whether to invest in additional franchises, or whether to just create a profitable business and sell it on at the end of the franchise term. The point is that no one else influences your destiny.
2. You don’t need to have industry experience
In fact, you don’t even need previous experience as a business owner. Franchising gives you the opportunity to do something you’re passionate about without having any prior knowledge or involvement in the industry you’ve chosen to invest in.
3. Full training is available
Many franchises come with training and resources to help new franchisees succeed. You don’t need to worry about getting left in the dark. Franchising is known for its strong community support network, the whole system is built on sharing advice and working for yourself, not by yourself.
4. You can explore new sectors
Because you don’t need previous experience, you don't have to limit yourself to industries you've worked in before when you’re choosing your franchise. You have the opportunity to start something entirely new, whether it’s a business that’s more aligned to your skills and character, or a passion project in a sector you’ve never experienced before.
5. There’s an opportunity to grow
If you make it as a successful franchisee, you may wish to expand your business. Growing is much easier in a franchise, as you can purchase additional outlets or territories once your original franchise is established. Becoming a multi-unit franchisee can be challenging at times, but also lucrative and rewarding.
6. You know what you’re getting yourself into
When entrepreneurs start a new business from scratch, there are so many unknowns. Thankfully, buying a franchise reduces lots of these uncertainties. As long as you perform your due diligence and review the franchise agreement with a specialist franchise solicitor, there should be no surprises.
7. Take the leap, the odds are stacked in your favour
According to the British Franchise Association-NatWest Franchise Survey 2015, 97 percent of franchisees report profitability . Failure rates are extremely low among franchises, compared to independent businesses.
8. You can feel proud
One of the best things about being a franchisee compared to working for someone else is the sense of pride you’ll feel when you’ve built something of your own. When your franchise experiences success, you should be proud that it’s all down to your dedication, abilities and effort.
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The time to franchise
2020 is going to be a strong year for franchises, and with so many new contenders coming onto the market, there’s never been a better time to unleash your inner entrepreneur. There are hundreds of options out there for you to choose from. Find out more about why franchises are a great business model by reading our Top 20 reasons to buy a franchise article.
If the new year has especially inspired you to undertake a new business venture in the spirit of a fresh start, here are some of our top franchise opportunities sure to profit off health-conscious New Year’s resolutions.
The Avocado Show
As we all know, many of us decide to strive for healthy eating in the new year. One franchise that provides nutritional goodness is The Avocado Show. Centering its offering around healthy food, almost half of its diverse menu is suitable for vegans.
If there’s one superfood that can be said to be the engine behind the growing demand for healthy eating options, it’s the humble avocado. Photogenic, delicious and full of goodness, the avocado has been the Instagram generation’s food of choice.
So, it makes sense that an avocado-based restaurant would soon become the next big thing. Based in Amsterdam, the brand has experienced enormous success and is now looking to utilise the franchise model to move into new markets.
- Becoming a The Avocado Show franchisee: Candidates should be great team leaders with an entrepreneurial mindset. You'll also need an awareness of local real estate and a social attitude.
- How much you need to invest: While you'll need £400,000 in the long run, would-be franchisees need to find an initial investment of £200,000 to join the Avocado Show team.
- What you get for your investment: Franchisees are enrolled onto a comprehensive training programme. Phase 1 is based at the franchise's HQ in Amsterdam, and Phase 2 is at your business premises.
For a full list of our healthy food franchises, click here.
The next resolution on our list is all too often to get fit. Bodystreet offers an opportunity for those with little or no time to not only get fit but stay fit. Their proven once-a-week 20-minute workout programme helps burn fat, build muscle, tone and shape. Bodystreet operate boutique fitness studios where members receive personal instruction from our highly trained team.
In partnership with one of the UK leading providers, it has developed a training programme that franchisees and their team can undergo industry recognised training at a fraction of the cost.
- Becoming a Bodystreet franchisee: Driven entrepreneurs with a positive attitude and bags of ambition should get in touch with Bodystreet to get their franchise unit started.
- How much you need to invest: In order to invest in a Bodystreet franchise, you’ll need a minimum investment of £10,000 plus £12,500 in franchise fees.
- What you get for your investment: The franchise package includes training at the business' HQ and at your studio. You'll also benefit from ongoing training and an annual 'kick-off' meeting every year.
For a full list of our fitness franchises, click here.
Eve Piper, Point Franchise ©