More and more entrepreneurs are investing in franchises instead of starting their own businesses, and there are many reasons why. Starting your own franchise with the right brand can have a lot of benefits, and more entrepreneurs are realizing it. Fully Promoted has helped potential franchisees discover their inner entrepreneur, and we can help you too. Here are three reasons why starting your own franchise is better than trying to start your own business.
You Have a Well-Known Brand
When you start your own business, you most likely have little-to-no clients, and very few actually know who you are. This creates a lot of challenges and more work for you as a business owner. With a franchise, you know you have a well-known brand that customers will be drawn to.
In the promotional products industry, entrepreneurs often choose Fully Promoted franchises as opposed to their own business due to the brand recognition. Since Fully Promoted is a brand notorious for creating quality products and having stellar service, franchisees are more likely to see success. We have also gone above and beyond by researching target markets where franchisees are more likely to generate a customer base and revenue.
You Have a Business Model Already Set Up
Depending on the franchise brand, there may be a turnkey business model already established for franchisees. This means all of the hard work has been taken care of. Fully Promoted uses this type of business model, which is why more entrepreneurs invest. By eliminating the need to establish a business model, franchisees are more likely to see profit much faster and can focus on other matters instead.
You Have Training and Support
Many franchise brands, including Fully Promoted, offer training and support for their entrepreneurs to start their own franchise. In the case of Fully Promoted, we offer an intensive two-week training program in Florida, as well as hands-on experience in a franchise. We want to eliminate any surprises for our franchisees so their business can run smoothly. We also have endless support for them in case any questions, comments, or concerns do arise.
If you are interested in embracing your inner entrepreneur and starting your own franchise, we will help you every step of the way. We have a resource library with several free e-books to help get you started, and don’t hesitate to contact us with any questions.