There are many personal and financial advantages to owning a franchise. Read on for the top 5.
Starting your own business from the ground up can be extremely difficult. From finding a location to hiring employees, there are a ton of responsibilities that come with building a solid business, however, there are many advantages of owning a franchise.
A great way to receive all the benefits of owning your own business with added support from a well-known brand is to buy a franchise. With a franchise business, you will be backed by an established business model which can help you become a successful entrepreneur. According to the 2014 IFA Franchise Business Economic Outlook, there were 757,453 franchised units in the U.S. in 2013.
There are many advantages—personal and financial—that come with owning a franchise. Here, brought to you by The UPS Store, are the top 5 advantages of owning a franchise:
When you own a franchise, you have the freedom and flexibility to be your own boss. Make your own hours, hire your own employees and make other decisions that you wouldn’t normally be able to make.
Most franchisors like The UPS Store offer a comprehensive training program that provides you with everything you need to jumpstart your business. Training programs can include useful resources such as reviewing store operations, sales and financial management and day-to-day business operations.
Advertising and Marketing Support
When you work with a recognized brand, you’ll most likely be backed by powerful advertising and marketing campaigns that will help attract customers in your community.
If you ever have issues operationally, you can count on your franchisor to help you work through those issues. You won’t be alone when you’re running a franchise business; you can count on the franchisor’s support team when you hit any obstacles.
There are many risks associated with building a business from the ground up. However, with a franchise, you are supported by a successful business model that has already worked out its weaknesses and honed in on its strengths.
The UPS Store Franchise System
When you own a franchise with The UPS Store, you can feel confident that we’ve got your back at all times. Be your own boss and accelerate your career with an award-winning brand and proven support.