A franchise isn’t a phrase you tend to hear regarding businesses. Well, it is because it only applies to this industry but it’s sort of out of fashion in the 21st-century. Modern companies are limited, private or public corporations with layers of protection. Think of them like an onion. New ones are sole proprietors; entrepreneurs hopped up on self-esteem who decide to launch a startup from their bedroom. You’ve got to love the state of the trade right now.

However, franchises used to be very popular with McDonald’s being the most famous example. And, they were in vogue for good reasons. Sure, there were drawbacks yet that is true of any corporate formation.

To this day, the benefits of starting a franchise still exist and are open to wannabe businessmen and women. It might not be the cool thing to do, but who cares about style when you’re rolling in dough and secret burger sauce? Here’s why a franchise is too good to turn down.

Show Me The Money

Money talks and you need it to speak some sense if you want to grow your company. The problem is that it’s tough in this current environment. Thanks to the crash of 2008, there are new rules in place that make it trickier for entrepreneurs. And, the banks are no help as they tighten their laws. The people who caused the recession are holding back the cash.

A franchisor is in a better position than most as it allows for expansion without risk. The investors pump in money and you spend it (wisely) to ensure the business goes from strength to strength. You get to spend other people’s’ money without the gambling element. Not only that, but there isn’t as much liability for the franchisor. The franchisee signs the lease and takes on the project and you still get a cut of their profits.

The only risk is investing in the company, but it’s a small one in comparison.

As Loyal As A Dog

Sadly, employees aren’t loyal anymore. Managers see an opportunity and grab it with both hands as long as it helps them luck after number one. For companies, this is a problem as it leads to a high rate of employee turnover. The side-effects include increasing expenses, hiring the wrong people, and a decline in productivity. A lack of loyalty is something you can’t afford.

Franchising bypasses this problem by replacing the manager position with that of the owner. When an operator gets on board, they aren’t only in charge of one part of the company; they run everything. As a result, they are less inclined to settle for mediocrity or to jump ship.

Anyone who has helped build a company wants to see it through to the end.

It’s Not A Very Bug Problem

Startups tend to suffer from a lack of experience. The people in control don’t have the skill set or the expertise to handle the intricacies of the industry. Often, this results in mismanagement and bad decision-making. Both of these are key features when a business fails after only a couple of months.

Mosquito control franchise opportunities prove why franchises excel in this area. With the help of seasoned professionals, you have access to a range of resources. These include but aren’t limited to:

– world-class franchise support

– tools

– coaching

– access to an outbound call center that will close sales for you

These features help to bridge the knowledge gap so that you avoid the rookie errors. Plus, if there are opportunities in the bug control sector, they are everywhere. Having access to a franchise operator is like having a mentor by your side.

Link

Super Vision

Running a business is a hassle as the buck stops at your door. You might not be Harry Truman but it doesn’t matter when you’re the person in charge. Supervision is problematic as it takes up your precious time. In theory, you need as much of it as possible to focus on the other areas and expand the company.

Regular managers and bosses aren’t allowed this perk, yet franchisors are as they pass on responsibility. Because the franchisee is the owner in a sense, it’s up to them to figure out staffing issues and admin glitches. Therefore, you get to focus on the big picture and don’t have to bother micromanaging at a low level.

Supervision gives you the ability of super vision.

The combination of these features means you’re likely to grow and be successful while eliminating risk.