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.