4 Myths About The Best Franchises To Own In NJ
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4 Myths About the Best Franchises to Own In NJ

Franchising myths have prolife rated the franchise system through a number of different channels. Sometimes these myths and pieces of misinformation are passed between friends with the best intentions, but come out as a grown-up version of the telephone game that steers prospective franchisees in the wrong direction. Other times, these “myths” are really disinformation given by unethical consultants looking to drive business to their partners on a commission basis.

The FranNet NJ NYC team would like to take some time here to debunk 4 myths you might have heard about what are supposedly the best franchises to own in NJ.

Myth #1 – The Retail and Fast Food Binary

Too many people approach franchise ownership with only retail and restaurants in mind. This is largely the fault of people using big-brand chains like Little Caesars, McDonalds, and 7-Eleven to explain what franchise ownership is all about. After countless conversations referencing these chains, the general public has begun to associate franchise ownership solely with food and retail, when in fact thousands of varieties of franchise ownership exist. Some of the best franchise to own in NJ are neither food nor retail related!

At FranNet NJ NYC, we look to your unique profile to gauge what franchise would work best for you, and never limit ourselves to the food and retail sectors. We work with senior care franchises, IT franchises, and dental tool repair franchises to name a few, and your options really are as varied as this small sampling suggests! Look outside the retail and fast food binary, and let us guide you towards the best franchises to own in NJ.

Myth #2 – All-or-Nothing!

The old adage that it takes money to make money is played out, and not particularly relevant to the franchise system. You do not necessarily need a high level of investment to see a high return on investment when you find a strong franchise system. Many franchise options that we offer can be scaled. Whether you want to work part or full time, or even make money from home to supplement your income, FranNet NJ NYC can help you find the right franchise fit!

Myth #3 – Franchising Fees bring you to your Knees

Some people are worried that the cost of franchising is simply too must. This is one of the most glaring bits of disinformation out there, and is often the result of people fixating on the “franchising fee” that most collective brands ask for. FranNet NJ NYC guides you to franchises that fit your budget, and only deals with collective brands who operate with reasonable pricing systems that set the franchisee up for success.

Additionally, it is not difficult to acquire loans for franchising efforts. Bankers and independent lenders are comfortable by nationally-recognized brands, being aware that their high-quality business models set you up for success. Lenders realize that franchise owners are probably going to be able to pay them back in the future, which makes securing franchise start-up capital relatively easy.

Myth #4 – You can’t succeed in competitive industries.

Proven systems and processes are what give franchise owners the ability to subsist in highly-competitive climates. While other independent competitors struggle with steep learning curves and trial-and-error marketing, you will benefit from streamlined access to a proven system of success. Lack of competitive does not drive profitability; rather, a lack of competition probably indicates a weak market and therefore a lack of opportunity.

To learn more about the realities of franchise ownerships, and to explore the best franchises to own in NJ, visit FranNet Website to learn more!


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