5 Reasons to Buy a Franchise for Making a Career Change

1.

Training and Support

Franchisors typically offer comprehensive training and ongoing support. This is ideal for career changers who may not have experience in the field. In fact, often the cost of a franchise is no more than what a stand alone training course would cost anyway …and you’ll also have a viable business!  The franchisor’s support can include everything from initial setup assistance to ongoing operational guidance, marketing, legal advice and skills development.

2.

Established Brand and Business Model

A franchise provides access to an established brand with a proven business model. This reduces the uncertainty and risk associated with starting a new business from scratch and helps you reach success more quickly. You can leverage the franchisor’s reputation, customer base, and marketing strategies as well as learn how to avoid the the common pitfalls in launching a business in that industry.

3.

Financing

Securing financing for a new business can be challenging, but franchises will usually have good relationships with lenders, making it easier to get funding if you need it. The proven success rate of franchises can make lenders more comfortable with offering loans. Many franchises, especially service based ones, are relatively low cost and could be funded from savings.

4.

Higher Success Rate

Franchises generally have a higher rate of success compared to independent startups. The structure, processes, brand recognition and ongoing support all contribute to better chances of this business success, which is especially appealing if you’re entering a new sector or taking your first steps into entrepreneurship. 

5.

Built-In Network and Resources

You become part of a network of fellow franchisees and will often have a ready made back office team for support, sharing best practices, and troubleshooting common challenges. Additionally, you’ll have access to the franchisor’s suppliers, which can help secure reduced costs for any items needed, and also have access to documents, marketing assets and tools to run your business.

You can find franchise opportunities in lots of different sectors – it shouldn’t be too hard to find one that interests you. Running a business also provides a varied, flexible career with less limitation on income level. 

If you are a ‘people person’, are organised, value personal development and have excellent communication skills, a Zokit Business Hubs franchise could be a great fit for you! You can find out more here.