Owning a franchise can seem like it is too expensive to be a real goal. Many people only dream of owning their own franchise and never actually look into what it takes to make this big move for their future security.
Maybe you have a high-paying job, and you are afraid to leave it. It can be scary to contemplate a significant change of career, but you are missing out if you are not considering all of the ways in which owning a franchise is better than working a high paying job!
If you have ever considered owning a franchise, but have thought that this lucrative job opportunity was out of reach, read on to find out how you can make the transition from your high paying job to the wonderful world of restaurant ownership!
Benefits of Owning a Franchise vs. Working a High Paying job
Fast casual franchises seem like they are everywhere. Everywhere you turn, it seems like there is a new McDonalds, or some other chain food store that has popped up in your neighborhood. You are probably thinking that your high paying job is a better opportunity than the chance to own your own business. However, you would be wrong!
There are many great benefits to owning your own business, and fast casual franchises are a great way to get started on this new life path!
Who has ever offered to give you assistance in your current high-paying job? Half the time when you work a prestigious or high paying job, people look to bring you down, not build you up! This is one of the benefits of franchise ownership.
Franchise owners often buy turnkey businesses that are already set up and ready to go! All of the supplies, equipment, and even the location has been taken care of for you! This is one of the major benefits to franchise ownership that many people do not realize is part of the ownership opportunities.
Low Failure Rate
Because franchises are often already established businesses, you have a very low chance of failure when you buy one. They already have their client base set up and they are currently earning money for their owner.
If you work in IT or another high-stress, contract-based job, you probably have far less security in your daily income than you would if you picked up an established franchise business that is up and running. The franchise owner has done all the work for you, and all you are doing is just investing and maintaining the business.
This is one of the best parts about franchise ownership and one of the least known facts about this kind of work versus a high-paying job.
People often think that franchise owners have to vet out companies to supply them with products, ingredients, even décor for the location.
This is not the case, however. Quite the opposite is true, as nearly any franchise that you invest in will have the buying power of the parent company behind it. You will be given the means to buy affordable supplies and to get help with purchasing major things like appliances or the interior décor of the location.
There is nothing left to chance when you are working with a parent franchise as your backer, making the actual supply and support of your new franchise a piece of cake compared to all of the fraught decision-making that has to be done daily at a high-powered job.
The power of a franchise is bigger than people realize. You get immediate brand-name recognition without having to build your own reputation from scratch. When you work a high-paying job, you have to prove yourself at every turn, but this is not the case with franchise ownership!
Imagine being the owner of an immediately recognizable business! Not many people ever establish their own company to the point where it reaches national levels of recognition, but you will have to do zero work to take advantage of this benefit when you buy a franchise.
Profits, Profits, Profits
Do you like making money? Well, good, because that is what you are going to do! Having the backing of name recognition and the established franchise that you have just purchased working hard for you, you will make more money than you could ever have dreamed of making at your high-paying job.
Being a business owner offers you huge benefits with regards to flexible work time and tax benefits, but it also offers up the biggest benefit of all: money. Businesses that are not profitable do not become franchised. It’s that simple.
You don’t have to worry that your franchise will make money. It will. The only consideration you will ever have to make is the portion of the process where you buy the franchise itself. After that, the business will pay you back quickly and become hugely profitable for you!
Working a High Paying Job is not All it’s Cracked up to Be
High paying jobs are one way to make a good living, but they are not the best way to do this. There are so many wonderful benefits to owning your own business and this is even more true when you buy a franchise.
Franchise owners ship is a quick and painless way to make the shift from hourly employee to business owner without all the headaches that usually go with buying or starting your own company. Franchises are basically designed to succeed, so the chance that you will not enjoy instant improvement in your finances is quite slim. If you are ready to stop working for someone else and want to give up your high paying job for a better opportunity, then franchise ownership is the right choice to make. A franchise is basically a promise for success, and you are cheating yourself out of a better lifestyle by being scared to make the switch from employee, to business owner.