News & press
Three Reasons to Invest in a Franchise
May 24, 2021
By Brandon Clifford, SVP Development and Franchise Services
For many professionals, the thought of owning their own business is a lifelong goal that drives them in their quest for self-fulfillment in their career. In the end however, the dream for too many seems to be just out of reach. Many individuals have the passion and desire, the talent, and the intellect to become successful entrepreneurs, but whether it’s life circumstances or a financial limitation, taking the plunge into self-employment never comes to fruition. In many ways, franchising has been able to bridge that gap for many and open the doors to business ownership for those who previously never thought it would be possible. If being your own boss is something you have always dreamed of, consider these three reasons why a franchise might be the solution you have been looking for.
- No “great idea” needed. The biggest thing that holds people back from taking the leap into business ownership is that they just do not have a great idea for a business. Franchising solves for this by giving you a brand and a business model that you can plug right into on day 1. No guesswork, testing or ideation needed. While some brands are more “plug and play” than others, but any good franchisor should have the framework you need to get started.
- A road map to follow. Many entrepreneurs and investors are terrible business owners! Even if they have a great idea for a new product or service, often they know little to nothing about how to interpret a balance sheet, set a budget, position a brand, or create a sales funnel. There are many things that need to happen to take an idea and turn it into a real business. Again, this is where a franchise shines. We will give you all the tools & resources you need to avoid pitfalls and costly mistakes, which are known to derail even the best of ideas.
- “Some” assembly required. What’s great about a franchise is that it’s sort of a hybrid between an established business and a pure start-up. You get the freedom and feeling of excitement building something from scratch, but you also get the trusted expertise and resources that the franchisor provides to help you get started more efficiently than going it alone. Since all franchises are independently owned and operated though, you do get to add your own color and personality as long as you adhere to brand guidelines. That is why it is so crucial to find a franchise brand that aligns with your identity and exudes the culture and mission that you want to accomplish.
At HomeWell Franchising Inc., we are on a mission to connect with like-minded individuals that align with our core principles to achieve mutual success. If it were not for the unique talents of each of our franchise owners, our organization would not be able to make an impact at the scale we desire. Truly, the best part of a franchise relationship is being able to leverage your strengths with the strengths of others to have faster breakthroughs and shared success, and we are seeing that come to fruition as we grow our brand nationwide. For more information on franchising or to see if HomeWell might be the right fit for you, please visit homewellfranchising.com.