Let me be clear, the food category is a big part of the franchising industry. But what most people fail to do is investigate the other categories of franchising.
Did you know you could run numerous service franchises that deliver great value and produce solid recurring revenue?
Did you know you could keep your job and built a retail empire on the side? Yes you can determine your exit strategy.
Did you know that one and eight homes in North American has a home based business?
Did you know that in North America Home based businesses generate over 427 billion in revenue annually and growing? Many of these businesses are franchises.
Did you know that one in two businesses that start today are Home Based and that 58% of home based businesses are run by women. You see there is a cost effective way to make money and work from home.
Franchising can deliver the programs and systems to succeed at home or as creating an exit strategy from employment. If you want to get off the job cycle and take control of your future perhaps you should look at franchise business ownership from a non food perspective. Perhaps you may be able to own a business sooner then you think and have more time for the things you want to do. But these options can generally be less expensive than food and can move to profitability much quicker.
Fully 85 % of the people who start a franchise business are still running them five years down the path. I am not sure you can say that about your job security.
Long term a well thought out business can lead you to the returns you want. The reason this works is because the investment is in “You” in an organized business model. A wise friend of mine said, “You do not know the value of a risk until you take one.” Before you jump on the food wagon track for franchising make sure you clearly investigate the industry. It will surprise you what is out there. Franchising is the safest way to enter the business ownership and long term they are solid investments.
Joe G. White is Owner of MFR Inc. “The Franchise Rainmaker”. He provides professional advice to people looking to engage in franchise ownership He can be reached at 647-724-0742 or firstname.lastname@example.org.
“success through knowledge”