The Five Best Things About Franchising
Buying a franchise can seem like a big risk but, as Matt Crowell from GetintheLoop pointed out on the Franchise Canada Chats Podcast (click here to listen to the full episode), once the tough questions are answered, franchise ownership can be one of the best pathways to running your own business.
But if you need more convincing, here are the five best things about investing in a franchise:
- Proven System
You don’t have to spend valuable resources to find an effective system. That’s because a good franchise system has developed a method for doing business successfully, eliminating most of the guesswork and mistakes business owners typically face.
- Strong Brand
Customers are usually more comfortable doing business with brands that they recognize. This means you can take advantage of the fact that if a customer had a positive experience in the past with your brand, they are more likely to seek out your franchise.
- Training Programs
Most franchise systems offer initial training and ongoing support to help you not only launch the business. but also manage its operations seamlessly. If you’re a GetintheLoop franchisee, you get to train at a special academy!
- Ongoing Support
As a franchisee, you can leverage the power of doing business for yourself, but not by yourself. With staff dedicated to providing ongoing assistance to their franchisees, you’re never alone and help is usually just a phone call (or an e-mail) away.
The franchisor usually has the marketing tools and advertising strategies in place to attract and retain customers. Typically, the franchisor will help you develop the marketing plan to target the right people and convert them into customers.
At the end of the day, franchisors want you to be successful. To learn about even more reasons to invest in a franchise today, check out the Franchise Canada Chats Podcast!