Starting a new business can be an expensive exercise in terms of time and money . also ; a large quantity of new businesses tend to fail in their initial year . So if you are thinking of starting a business there are quite a lot of pitfalls to take into consideration beforehand .

This gives franchising an advantage, helping it to be a good way to go . It gives you the option to decide the industry you want , and allows you to choose a well esablished business model with a well known brand name , and existing customer base . Being a known brand offers customers – or potential customers – a feeling of security and trust , which means that they are more likely to use or stay with your company . It’s a great way to get started in the world of business , a lot less time consuming , and far less risky than  starting up your own company from scratch , especially when times are hard .

With a franchise you have the assurance that you aren’t on your own – experts with experience will be on hand to guide you through hard decisions , and provide you with the essential training (and on going support ) meaning that you have the knowledge and skills needed to make a success of it . In business – like with most things – you tend to learn from your mistakes ; but with a franchise this is not necessarily the situation as there will already be proven methods for marketing and selling, etc. You will not need to think about raising the capital to purchase assets , and even if you did need a loan , a bank will be more likely to lend to someone starting in a franchise than a sole trader.

You will begin with a good working business model that has a proven track record, and with any luck the franchise you choose will already be running at a profit.

Going into a franchise is also an ideal situation for the franchisor as it allows them to expand their business much faster , thus enabling them to make more revenue . There are an endless amount of industries that offer franchise opportunities, investigate thoroughly , and you could be making a lot of money whilst running your own company .