4 Reasons to Invest in a Franchise

Four good reasons to invest in a franchise

Starting your own business can be an exciting experience, but it can also be one that presents a number of challenges. With around 60% of new start-up businesses ceasing to trade within the first three years, it’s clear that the road to sustainable success isn’t an easy one. Could a franchise increase your chances of staying the distance? Here we look at four reasons why opting for a franchise might give you better odds of business survival, compared with going it alone.

1. Buying into a well-established brand

One of the biggest barriers any new business faces is gaining a foot-hold in the market. Getting noticed and raising awareness of who you are and what you have to offer can be both costly and time-consuming. When you buy into a franchise, that hard work has already been done for you. Many franchise opportunities are already widely known, enabling you to “hit the ground running” when it comes to your marketing.

2. No need to reinvent the wheel

Almost inevitably, a new business has to comply with a wide variety of rules and regulations. For a first-timer, this can be extremely daunting: part of what a franchise offers is a proven way forward. The information you receive on running your franchise will often cover how best to tackle the main regulatory hurdles, getting you off to a good start.

3. Help and support on hand

Many franchises will provide additional assistance in order to help you make your business a success. This source of expertise can be invaluable, particularly during the early days when you are getting the business up and running.

4. Save money on your start-up costs

Most businesses are cash-heavy at the start of their life span, before they begin to turn a profit. Because many of the costs associated with marketing, business planning and branding have already been taken care of through the franchise, it’s possible to divert capital to where it’s most needed.

There are numerous other advantages which a franchise may bring: why not take a look at a few and find one that suits your interests and aspirations? Take a look around the Franchise UK website for more information on buying a franchise.

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