| An Easy Way To Start A New Business?

Posted in Start-up Ventures at 1:00 PM by Loftis Consulting

If you’re keen to start working for yourself, it’s likely you’ll have considered many business ideas and options. But, have you given any thought to becoming a franchisee for an existing brand? Believe it or not, franchises can be quite profitable ventures; just ask anyone that runs a McDonald’s restaurant!

For those seeking an easy route into entrepreneurship, franchising can be quite a simple venture to launch instead of starting from scratch. So, why should you consider starting such a business? And what are the advantages of doing so?

 

There’s No Need to Create a New Brand from Scratch

One of the biggest challenges of starting any new business is the need to establish its brand name in the market. As you can appreciate, you’ll have to dedicate a lot of time and financial resources to marketing a new brand. And there are no guarantees that it will be a memorable one either!

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As a franchisee, you get to skip such a big challenge when growing your business. That’s because you are already using a trusted and well-known name.

 

Plenty of Interesting Niches to Get Your Teeth Into

Did you know there are all kinds of niche markets that you can cater to if you become a franchisee? For instance, you could set up a franchised business in the healthy eating market.

One example of a successful franchise in that niche is Healthy You Vending. As you may have guessed from the name, you would offer vending machines to your clients that provided healthy snacks to consumers.

Another example is Zoup. They are a leading franchise concept for nutritious, great-tasting soups. Each restaurant offers at least a dozen daily varieties of soup to cater for the most discerning of soup eaters.

 

You’ve Got the Support When You Need It

Something they don’t tell you about when you start a new business is that you’re effectively left to your own devices. That means when you’re stuck or need help with someone, it can sometimes be hard to find the support out there.

 

 

 

 

 

 

 

 

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Thankfully, that’s not the case when you run a franchised business. You have the full help and support of the franchisor. After all; you are promoting their brand, so it’s in their interests to give you any help that you need!

They can also give you advice on things like running seasonal promotions and how to market to new demographics.

 

No-one Will Steal Your Territory

The thing about franchises is that you get given an allocated area or “territory” to cover. That’s good news because it means no-one will step on your toes by opening up the same branded franchise just a few streets away from your location!

Some franchising companies will allow franchisees to set up more than one office or retail store in their area. But, in general, there is no direct competition from other franchisees in the same vicinity.

 

Final Thoughts

Franchising can be an excellent way to get into the business world without dealing with the challenges of brand establishment. It’s something worth considering if you want an easier route into business.

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