6 Reasons to Choose Franchise Ownership
Many people dream of owning their own business and being their own boss. Unfortunately, starting a new business is rife with risk, especially if you don’t have the right support. That’s why owning a franchise is such an appealing prospect for so many entrepreneurs.
Owning a franchise means running your own business under the umbrella of an existing brand. But how, exactly, can franchise ownership benefit you?
The Many Advantages of Owning Your Own Franchise
By choosing a franchise over starting a business from scratch, you can avoid the common pitfalls of entrepreneurship while still enjoying a greater level of independence as a business owner.
The core benefits of opening a franchise include:
- Receiving the support you need to start and manage your business
As a franchise owner, you won’t only operate under a brand name - you’ll have access to its systems, products, and processes. The best franchises also provide ongoing guidance and support. That means you can hit the ground running when you start your business and have plenty of resources to pull from to keep it running smoothly.
- Securing initial financing more easily
Financial institutions are more likely to back a robust and profitable brand than an unknown venture, so you may find it easier to obtain the loans you need to get started.
- Benefiting from an established brand
One of the biggest hurdles for any new business is establishing name recognition and building up a client base. With a franchise, you can immediately reap the rewards of the brand’s reputation and marketing efforts to attract prospective clients.
- Staking your claim on a specific territory
Once you’ve selected a site with your franchisor, they will typically designate a specific region or territory to serve and will restrict other franchises from opening or operating in that area. This gives you the full benefit of your brand name without the risk of internal competition within your brand.
- Increasing your chances of professional success
When you open a franchise, you’ll have a clearly defined model to follow that has proven successful for various other locations, and for the brand as a whole.
- Being your own boss, but with backup
As a franchise owner, you’ll be responsible for the day-to-day operations of your business. In addition, you’ll have a larger entity to turn to as needed for operational assistance, training, bulk purchasing, and other services.
Visiting Angels Supports Its Franchise Owners
Visiting Angels® is a nationally recognized and respected brand in the home care industry - a rapidly expanding industry where trust is an essential component of success.
As a franchise owner with Visiting Angels, you’ll be able to implement our existing processes to build your team and manage your home care services. Our Operations Directors will also provide training, answer questions, and help you resolve any issues in managing your business.
While we’re always just a phone call away for our franchise owners, we can also arrange in-person meetings. We also host an annual conference, where we encourage our franchise owners to share strategies and promote each others’ continued success.
The home care industry is booming with annual projected growth as the elderly population expands. To learn more about owning a Visiting Angels franchise, you can request details online or give us a call at 800-365-4189.