20 March 2018
A new year, a new opportunity: why franchising could be for you in 2018
This article originally appeared in Inside Small Business
Are you looking for a fresh start to your career in 2018? Something that is challenging and rewarding, but also allows you to support your family and lead a comfortable lifestyle? The beginning of a new year is a great time to consider these important questions, and the type of business venture that will allow you to achieve your life goals. It’s no secret that starting something new requires hard work and determination, and franchising is no exception. For those who work hard, particularly in the initial stages, franchising offers both flexibility and substantial financial rewards.
With this in mind, here are a few reasons why I think a career in franchising is worth considering this year:
Healthy work/life balance
While franchising offers a number of benefits, the promise of achieving a healthy work/life balance is often one of the greatest appeals. When you join a franchise you immediately become part of a wider community, which includes professionals with years of experience who are dedicated to helping you succeed.
Many of our franchisees report flexible working hours and involvement in a number of activities outside of their work. They’re able to plan ahead to ensure they aren’t missing out on important family occasions and holidays.
You’re the boss
Once you join a franchise you become your own boss. While there are certain procedures and protocols you’ll need to follow in line with the network, you’re in charge of the management of your own store.
While you’re the key decision maker, good franchisors will assist you with everything from marketing to finance, ensuring you don’t miss a beat.
Ample financial rewards
It’s all well and good to enjoy the work we do, but most of us want a career that financially supports the lifestyle we aspire to. In franchising, there’s a real incentive for you to work hard and smart; the profit you make goes into your own pocket, not an employer’s.
When researching different franchise networks to join, you’re able to carefully consider what is going to be your safest and most secure option for career stability. The risk of losing your job can often be a worry, particularly for mature Australians. With the right franchise this risk can be mitigated, giving you peace of mind.
As a potential franchisee, you’re able to consider and scrutinise a number of different franchises. Look for a network with a proven reputation and history of success. You have a wealth of information at your fingertips – so use this to your advantage. Researching online, reading industry publications and talking to existing franchisees will help significantly when it comes to your important decision.