Reducing the Risk of Business Ownership

I’m going to be honest, it’s not easy to be a business owner.  If it was easy, everyone would own a business.  It takes guts, drive, determination, persistence, and a bit of start-up capital.

But, what if you could tilt the odds to be more in your favor?  One way is to investigate a franchised business concept.

Let’s look at where franchising can help reduce the risk of being a business owner:

• The business concept:  When you own a franchise, you are purchasing an already-existing business concept.  No need to reinvent the wheel and wonder if you’re creating a viable system and/or product.  The business has worked in the past, meaning the odds of it working again are exponentially better.
• The brand:  Logos, colors, name recognition.  The brand already exists!  The marketing is one key component of the franchise, and you don’t have to start from scratch.  You just can take the ball and run with it.
• Infrastructure:  Many franchises have building layouts and computer systems that have been designed specifically for their operations.  This is mostly common with retail and restaurant operations.  Which means you can focus on keeping your business running, not getting it off the ground.
• Support:  From franchise opening and training teams to fellow franchisees, you have a support system that you can reach out to for help.  Even if its just pitching ideas, your part of an ownership family.  It’s not just you on an island.

Is there another way you can reduce risk, even before you sign any dotted line?  FranNet.  I am here to help coach you along the way, from investigating different franchises to explaining different models of ownership.  I host free educational events, and then provide free consulting to those who are ready to take a serious look at franchise ownership.

Don’t miss:

• Webinar:  Business Ownership Exploration Webinar
  Wednesday, December 9 2015
  2:00 PM to 3:30 PM NO COST
  more info | register now

• Live Seminar:  “Franchising as a Career, an Investment, or Both” – TROY
  Thursday, December 10, 2015
  10:00 AM to 12:00 PM  NO COST
  Offices of Derderian, Kann, Seyferth & Salucci, CPAs
  3001 W. Big Beaver, Suite 700, Troy
  RSVP Required
  more info | register now

So, let’s talk a bit more about how I might be able to help you.  Contact me at 312-821-5060 or mcory@frannet.com and you can learn more about how you can add the word “owner” after your name on that business card.