When you’re looking to start your own business, you likely know that your two options are to either start a business from scratch or select a franchising option. While many people dream of bringing a great idea to life with their own business, the truth is that it’s much simpler to succeed as a franchise owner. The franchise model allows you to step into a business concept that’s already proven to work and provides you with all the resources you’ll need to hit the ground running!
If you’re asking yourself how does a franchise work, read on! We’ve got all the information you need to understand why franchising is a great choice for aspiring business owners.
How does the franchise model work?
As exciting as your idea for a business may be, there’s no way to know whether or not it’ll work. Perhaps the best reason to choose franchising is the ability to benefit from a turnkey business model. You won’t need to worry about developing policies, systems, or procedures. That work has already been done! Any reputable franchise will have spent time over the years honing their business model through trial and error. The home office has taken the time to learn what works and what doesn’t, which means there’s a simple blueprint for their franchisees to follow. Since you won’t have to spend time learning how to make your business work, you’ll be able to focus on making your business thrive – and fast!
Why is franchising a better choice?
The advantages of being a franchisee are limitless, but here are a few of our favorites:
- Training, Resources, and Support: Worried that you won’t be able to succeed if you don’t have a background in the industry? With franchising, you don’t need to. You’ll receive thorough training on the services you’ll be providing, equipment you’ll be using, and the procedures you’ll need to follow well in advance of your business opening. It may be hands-on and in person, or it may come through online training modules. You’ll also be given resources for staffing, marketing, and setting up your business.
- Networking: When you become a franchise owner, the home office will introduce you to your fellow franchisees, all of whom have been in your shoes and are happy to help you however they can. Although starting a business can be a lonely process, you’re never alone when you choose franchising. Franchise owners find that the safety net their network provides is invaluable.
- Security: To put it simply, franchising is just a safer bet than starting a business from scratch. Nearly 20% of businesses fail in the first year; that number rises to 50% after five years and 65.5% after ten years. While there’s no guarantee that every franchise will be successful, they are built to be profitable. Not only is it easier to earn business when you’ve got a proven brand behind you; you’re also able to rely on the resources, support, training, and network of owners to help you along your journey.
What does the franchise process entail?
The process of buying a franchise involves a few simple steps, including a mutual due diligence process between you and the franchisor. Once you’ve decided to move forward together, you’ll receive all the training you need to get the franchise up and running, as well as support throughout the opening process. Your franchising team will help you select a space, hire a team, market your business, and start your journey as a business owner on the right foot. You’ll receive support from the home office throughout the life of your business.
To learn more about the franchise process, visit our support page.
You Can Succeed with DUCTZ
Choosing to franchise with DUCTZ is a great opportunity within the booming home services industry. In addition to all of the benefits of franchising, DUCTZ franchisees enjoy the assistance of a dedicated mentor and business coach, as well as our innovative KickStart marketing program. With KickStart, you’ll have access to industry-leading digital marketing services, including website analytics tracking, search engine optimization, and pay-per-click advertising. By providing an essential service that every homeowner needs, you’ll enjoy a recurring source of revenue. Best of all, DUCTZ is a recession-resilient franchise, meaning you’ll be able to feel confident no matter what the economy throws your way.
Let’s get started! Give the DUCTZ franchise team a call today to start a conversation and get on your way to franchise ownership.