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business It's Business

Should you invest in a Franchise?

June 21, 2017

Franchises—some of us are familiar with what they are and that they can cost a pretty penny to get started. However, did you know that there are plenty of franchises that are actually quite affordable? Many of us, due to money concerns or maybe the amount of work involved, don’t get into franchises or even do research on them. Fear and misunderstanding are both the #1 reasons people skip out on franchises and think they’re not even in the right “league” to handle one. Let me tell you, franchises offer a lot more than just a business being thrown at you. Let me fill you in a bit on why franchises aren’t as scary as you might think.

A company that is allowing you to invest a certain amount of money isn’t going to let you just take off with their name and fumble your way through the process. At the beginning, you’re going to get someone sent to you to help you get the store setup the way it needs to be in order to closely match their brand. When you walk into a Taco Bell, most of them look very similar and that’s because the franchise had it setup that way. In other words, there’s little work for you as far as getting everything setup. You pay the money, they get you rolling. Each franchise is different and some give you the option to pay different amounts depending on how much involvement you would like from them. However, they’re always going to make sure you’re trained. Trained in their product information, business model, how to make their food if applicable, etc. You will start out knowing all you need to know in order to feel confident in the business venture you just got started on.

The best part about a franchise is the fact that it’s an already established name that people know. The hardest part about a business is getting your name out there and making people aware of you. With a franchise, it’s like skipping all the hard parts at the beginning and starting with an already established business. Eventually, you will have enough employees that you will only need to handle the paperwork, etc. while the day to day stuff at the actual business itself is run by competent employees.

Let me give you a few examples of franchises you could get started with right now. Kinder Dance is an educational franchise that teaches kids through dance. It’s been around for 30 years and is quite popular. They offer four various business models you can choose from, depending on how much you want to handle yourself from the beginning, etc. The first business model is only $15,000. Some of us pay double that on a car alone! Imagine paying that to start a business that’s not only fun but is a continuous source of income for as long as you want it to be. Other franchises under $50,000 to start are Soccer Shots, Kid Create Studio, We Buy Ugly Houses, and so much more. Follow this link to see a list of franchises organized by cost.

This is only a brief explanation of why franchises aren’t given enough credit and seem to be out of reach for most of us. I encourage you to do more research on franchises and it never hurts to give them a call because most are very welcoming. They are happy to answer questions and help you understand what it is you would be getting into before you make a decision.

  • Reply
    robin rue
    June 21, 2017 at 12:38 pm

    My husband and I have talked about buying into a Chick-Fil-A franchise. We don’t have the capital right now, though.

  • Reply
    Alli Smith
    June 21, 2017 at 12:40 pm

    These affordable franchise investments are a great way for someone to start their own business. The training alone is worth so much and you end up with a source of income without having to spend loads of money.

  • Reply
    Pam Wattenbarger
    June 21, 2017 at 6:19 pm

    One of the my daughter’s high school teachers owned a Chick-fil-a franchise as well. They have done well with it.

  • Reply
    Lisa
    June 21, 2017 at 7:54 pm

    My husband and I have been throwing around the idea of buying a franchise for years. I am going to show him this post because I love how you laid it all out and supplied a list! Thank you!

  • Reply
    Sarah Bailey
    June 21, 2017 at 9:16 pm

    I have to admit I’ve pondered before about the idea of opening a franchise, it does seem like an interesting idea and one I would look into more if I had the money.

  • Reply
    Jenn @ EngineerMommy
    June 21, 2017 at 10:01 pm

    My husband and I have considered purchasing a franchise. There are pros and cons to going with a franchise model of business ownership. Theres so much to consider.

  • Reply
    Claudia Krusch
    June 22, 2017 at 1:42 am

    My friend invested in a franchise and she is doing really well. It is so important to get to know your market.

  • Reply
    Christy Maurer
    June 22, 2017 at 3:05 am

    My cousin had a franchise years ago selling frozen fruit bars when they first became popular. It would be a good idea if you had the capital to invest in a good one.

  • Reply
    Maurene Cab
    June 22, 2017 at 4:45 am

    I’ve been thinking of starting a new business. My friend talked about franchising. Thanks for sharing your knowledge about this topic.

  • Reply
    rika
    June 22, 2017 at 4:46 am

    This is a great info. A franchise is very expensive. If I have extra money, I would consider investing a franchise like kid clubs.

  • Reply
    Neha Saini
    June 22, 2017 at 8:00 am

    I think if someone is starting their own business, franchise are the best way for investment. Though it is a costlier investment. But its better to invest in a established brand rather then taking risk in building your own brand.

  • Reply
    Chubskulit Rose
    June 22, 2017 at 12:21 pm

    Once in a while, my husband and I dream of getting a franchise but the thought of upfront cost scares us.

  • Reply
    Rebecca Swenor
    June 22, 2017 at 12:33 pm

    This is awesome information for those looking into investing in a franchise. This is not for me but I do know a couple people I can share this information with and franchise don’t get enough credit. Thanks for sharing the information.

  • Reply
    Kiwi
    June 22, 2017 at 4:04 pm

    Man if I had or when I get the money I definitely will invest in a franchise. I would invest in Starbucks for sure!

  • Reply
    Amanda
    June 22, 2017 at 7:26 pm

    I think it would be a ton of work to open your own franchise, all while maintaining your individuality and meeting the company’s requirements and expectations. I’m sure you could make some $, though.

  • Reply
    Jilly Spellman
    June 23, 2017 at 4:28 am

    I always wondered how it all worked. I don’t think I would ever do it, but now I can share some knowledge.

  • Reply
    Anosa
    June 24, 2017 at 11:37 am

    If I had the money I would definitely invest in a franchise, I think its a great way to run a successful business. I mean you are opening up your own shop of a business that is already well established so thye have already done the hard work for you.

  • Reply
    Jennifer
    July 6, 2017 at 4:15 pm

    I’ve always wanted to open a franchise of some sort in my hometown. I’ll do it one day when the coins are right!

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