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Why are Franchises so Successful?
Written by: Tom ParsleyArticle Overview: Did you know that 97% of all franchises opened during the past 5 years are still open? Compare that to the fact that less than 50% of non-franchised businesses are still open after the same timeframe. Why are franchises so successful?
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Why are Franchises so Successful?
Did you know that 97% of all franchises opened during the past 5 years are still open? Compare that to the fact that less than 50% of non-franchised businesses are still open after the same timeframe. Why are franchises so successful?
Franchises are successful because they have created a time-tested and well-developed system for running a business. This system takes into account all aspects of running a successful franchise, and nothing is left to chance. The franchisor simply needs to follow the game plan and they will be successful like all of the other franchises in the system.
Since the system is so critical to the success of the franchisee, franchisors offer their franchisees excellent training and very close support during the life of the franchise relationship. Sometimes franchisees get frustrated because franchisors offer very little leeway in the way things are done, but franchisees must understand that this is done for the good of both the individual franchisee and for the of the overall franchise organization as a whole.
If you are looking for a proven way to own your own successful business, and don’t mind giving up most of the creative control associated with developing that business, then a franchise could be perfect for you. There is less risk and more support to open a franchised business than there is to starting a new business from scratch. And resale values are often higher as well.
If franchising sounds interesting to you, there are thousands of franchise opportunities across nearly every industry. Start your search today to find the perfect franchise for you – you’ll be glad you did!
Franchising FAQs
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Why are Franchises so Successful?
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Article Tags: franchise opportunities, franchises, franchisors, franchisors, successful business, successful Franchises
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Re: What's 1 word to describe what your business will be in 2012
- Successful.
franchisebrief.com good clean design
- I actually really like the design - it's clean and not busy. The information is easy to find.
You mentioned you didn't want to monetize from the site thru the use of adwords but what about JV'ing with all or most of the Franchises you are referring people to.
Is that possible in the Franchise industry?
Re: Franchise Support. What is it to you?
- To be honest I have never been a big believer in Franchises.
Which of them did you have the best and worst experience with, when you called in as an "interested buyer"?
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
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15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
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18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
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23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
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26. The Promotable Woman
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28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
Clothing Franchises
- I believe that there are quite a few franchises for larger brands such as Diesel, Lacoste and Bennetton etc... but I am not sure how these contracts work.
In New Zealand, Canada & Switzerland Clothing Franchises are for smaller designer brands & Outdoor clothing -- such as Bivouac, the great Outdoors etc
Ian
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