If you’re thinking about buying your own franchise, but aren’t sure if it’s the right choice for you, here are the five main reasons to buy a home-based franchise.
1) Lower costs
Buying a home-based franchise is significantly less expensive than starting your own business. Not only does it lower start-up costs, but you don’t have to make all of those pricey mistakes that newbie entrepreneurs often do. Plus, when you buy a home-based franchise, your income is based on how much business you bring in and not how hard you work. This alleviates some of the stress associated with owning a home-based franchise business. Let’s face it – nobody likes feeling like they’re working harder than they should be just to bring in what they need to pay their bills! Keep your costs low by buying home-based franchises with low fees.
2) Work from home
There are certain home-based franchises that can offer you a place to work from, but that doesn’t mean you have to work from home. Look for a franchise based on a career or job field that offers jobs where you can go back and forth between working from home and going into an office each day. If possible, choose a franchise like that. At some point, it’s very likely your boss will ask you to start coming into an office every day—and if you feel ready to take on more responsibility and get promoted in your industry, then doing so is not only good for your career but beneficial to your company.
3) Lots of support
When you buy a franchise from an established franchisor, you get more than just a product. You gain access to ongoing training, services and support that give you all of the help you need to run your business successfully. In fact, in most cases buying a franchise means that you don’t have to reinvent any wheels—the company will usually do that for you. That makes buying a home-based franchise especially appealing if you’re new to running your own business or don’t have much management experience under your belt; by buying into an existing system, you can skip those parts of growing your business.
4) Freedom to run your own business
Running your own business means you don’t have to answer to anyone except yourself, your customers and your franchisor. Freedom is one of the main reasons most people get into home-based franchises because it allows them to work their own hours and be their own boss. If you have ever been frustrated in a traditional job, buying a franchise can give you that freedom back. This can make for a more rewarding career path, too, as you won’t need someone else dictating when and how to do your job. This freedom will only increase once your company takes off.
5) Better work-life balance
If you buy a home-based franchise business, you’ll have more control over your daily schedule. If you’re not big on working from 9 to 5, that’s not a problem. You can choose when and where to run your business—and whether or not you want to work from home at all. There are even franchises that offer products and services designed for virtual salespeople, so if you’d rather work in pajamas all day, go for it! Whatever works best for your family and schedule is fine by us. It’s all about living life on your terms!