Should a First Time Business Owner Explore Franchise Opportunities in Texas?

The decision to start your own business can be a big step in itself. There are all kinds of considerationsranging from what type of product or service to offer, how you are going to fund your business towhether you will dive head first into a full time business or whether you’ll keep your day job while youbuild your business on the side. Another consideration is whether to invest in a franchise or whether togo it alone. You might wonder whether a franchise is a good idea – especially for a first time businessowner.

At FranNet, we believe there are many good reasons to consider franchising if you are starting your firstbusiness. The following are a few reasons we think it makes sense:

A Proven Business Model

Franchises typically do better than other types of business because the business model has already beenproven. As a first time business owner, investing in a franchise means that you won’t have to guesswhether the model can be successful. You can research existing data to give you an idea of how well youmight expect to do in the business.

A Network of Support

When you start an independent business, you are on your own. Many such entrepreneurs get by on trialand error in the beginning. The problem with this is that error can be very costly.

In a franchise model however, a first time business owner has a large network of support. Extensivetraining is usually providing by corporate office when a new franchisee invests. Most franchisors alsooffer additional training throughout the year in the forms of annual conferences, webinars, and courses.

Additionally, franchisees are usually connected to a statewide or country wide network of otherfranchisees who can learn from and help each other.

Another advantage of such a network is that franchisees often have the advantage of exclusiveterritories and group discounts.

But what about the cost?

One drawback for first time businesses owners starting a franchise is that the initial start-up fee istypically higher than the start-up of starting an independent business. It is important to rememberhowever that this fee covers many of the items that any business owners would have to pay foreventually such as advertising and training.

And not all franchises are expensive. There are a number of lower cost franchise businesses available inTexas that would be well suited to the first time business owner.

Is franchising right for me?

Especially if you’ve never owned your own business before, there is good reason to explore franchising.Having a proven business model, hands-on training and a network of support are all ingredients forsuccess.

If you’d like to explore any of the franchise business opportunities, FranNet invites you to contact ustoday and learn how we can help you start your very own business.