Today, it’s easier than ever before to buy your own franchise and start your own business. The benefit of doing so, however, is often questioned by those without experience in the industry. Let’s take a look at five reasons why franchises are such a popular way for mums to get into business today.
Why franchises are a popular option for stay at home mums
Financially, buying a franchise is one of the least risky ways for stay at home mums to start their own business. Most major franchises will provide mentoring, training and support which all lead you through your new venture – but with minimal financial risk. Franchises often come with backup in terms of marketing and advertising services as well as ongoing support that can really help new owners overcome any challenges they face. Usually, when mums think about buying a franchise they worry about how expensive a franchise could be but there are many cheap stay-at-home franchises that charge a small start-up fee this is one of the main reasons why more parents are choosing to buy a franchise.
1) Buying a franchise is an investment
As an entrepreneur, there’s always some level of risk involved in going into business on your own. Buying a franchise is not without its challenges, but it is likely to carry less risk than starting up independently. When you buy into a franchise brand, you’re buying more than just an opportunity—you’re buying stability and security. Franchises generally use tried-and-tested systems for things like manufacturing and marketing that have already been tested by other businesses. This means that you know exactly what’s involved before you take on any significant investment, making franchise ownership appealing to those who might otherwise be wary of going into business independently.
2) Franchises offer support
The biggest benefit of buying a franchise is that there is someone else running it for you. That’s not necessarily a bad thing, either: starting your own small business can be extremely overwhelming. By taking advantage of an existing brand’s marketing and name recognition, you’re able to focus on what you do best – which may or may not have anything to do with sales. If franchising isn’t your thing, don’t worry. There are plenty of ways for busy women to start their own businesses without any help at all! But if you want the support and reliability – look no further than owning your own franchise!
3) Franchises help you network
Working from home can be isolating. When you’re on your own, it’s easy to feel like you don’t have anybody on your side. A franchise network allows you access to other franchisees with similar challenges and experiences who can support and encourage each other. Franchises provide ongoing training and help new owners find their feet quickly – especially valuable if running a business alongside raising children or caring for family members.
4) There’s less risk involved
Investing your hard-earned money is always going to be scary, but with franchise businesses, you’re buying into a proven model that has been tested by time. Franchises often have some kind of financial backing and fall under strict governance so you can have peace of mind that your investment will be protected. And if you’re looking at joining an existing franchise, it means there’s a certain level of brand recognition and awareness already established; both will help with customer acquisition and sales. Many franchises also offer professional training or education classes, which can help equip new business owners with vital skills they need once they open their doors.
5) You invest in to a proven system
By buying into a franchise, you invest in an existing and proven system. The chances of success are significantly higher than if you were to just start your own business from scratch. There is help along every step of your journey: The whole point of starting with an established brand is that there will be plenty of help along every step of your journey. If you decide on a franchise like McDonald’s or KFC, they have vast knowledge on how things work; they will teach you everything from how to source ingredients through to how best to market your product and restaurant. Not only does it give you access to experienced staff who can teach you how it’s done, but also gives free advertising opportunities by piggybacking off their already massive marketing budget.
Where to find franchises for sale?
Franchises in the UK can be found here, you will find many options there when it comes to franchises that offer the flexibility of being able to run the business from home. There are many kinds of franchises that you can choose from depending on your expertise and niche in the market. You could start with something as simple as home cleaning services or beauty services, many new mums find starting their own part-time franchise with minimal costs is one of the easiest ways to begin and stay at home with children whilst running their own business. Those who want more freedom over their business may consider buying a business for sale, this will offer you more freedom than buying a franchise but there will also be more risk involved but if you are ready for this learn more about businesses for sale at Businesses For Sale UK a popular directory of business opportunities.