This Article is About
buying a franchise
small business loans
owning a business
horror stories
new businesses
business owner
own business
business model
hard time
Why Buying A Franchise Can Be A Good Investment
Join 1000's of Authors at StreetArticles Today!

Buying a franchise can be a great investment for those who are looking to own their own business. Many people, especially now, are looking to be their own boss rather than working for companies who no longer have any loyalty to their employees. We've all heard the horror stories, or maybe you've experienced it, of people who put in 30 years at a company, were close to retirement and their pension, only to be laid off and receive nothing for their years of service.

Because this is happening more and more, some people are starting to learn from this and are choosing to own their own business so that they can control their own future. But owning a business is no easy task, and unfortunately, a large majority of new businesses fail within the first 3 years.

However, by buying a franchise, you get to be a business owner while significantly reducing your risk. You see, with franchise businesses, the vast majority succeed in that same 3-year time period. The reason for this is that franchise companies have developed a proven business model that can be successfully duplicated. Franchise owners are not having to figure out everything about owning a business from scratch. They can use the systems already in place and instead focus on other aspects of running the business.

Another thing to consider about buying a franchise is access to loans. Right now, small businesses are having an extremely hard time gaining access to capital. Banks are being much more stingy with their money and are giving out very few small business loans. Banks are, however, much more likely to give out loans to franchise businesses because they perceive this as a much smaller risk based on the proven track record of the franchise company.

Many economists agree that small businesses will be the ones to turn this economy around. Until they are able to start hiring again, job creation will continue to remain stagnant. Many franchises are continuing to expand, however, and will play a crucial role in jumpstarting the economy.

Buying a franchise will not be ideal for everyone, as some people want to do everything for themselves, and franchise companies want you to do things their way. But if you are the type of person who wants to be in business for yourself, but not by yourself, then buying a franchise could be just the thing for you. You will have a lot of research to do, but help buying a franchise is available to those who wish to use it.

Street Talk

No comments present
You May Also Like
Doing Your Due Diligence When Buying A Franchise
When starting a business, it is important to know exactly what you are getting into. Buying a franchise can be a great way to accomplish this goal.How is this the case? When starting your own business, you will spend a lot of time researching the industry, demographics, market, and many…
By:  in  Business  >  Franchising   Nov 09, 2011  
  Likes: 2

Why Not to Buy A Franchise
If you are looking to own a business, a franchise business has many advantages, not the least of which is the higher chance for success. But that doesn't mean everyone who wants to own a business should buy a franchise. Franchises are not for everyone, and we will take a…
By:  in  Business  >  Franchising   Nov 02, 2011  
  Likes: 3

Bad Credit Small Business Loans - Sorting Out Real Options
Today, small and medium businesses find themselves in a tough position Many businesses have been severely restricted or cut off from their traditional sources of capital, while at the same time needing this capital due to a difficult economy. Commercial Banks and the Small Business Administration have tightened lending standards…
By: Neal Coxworth in  Finance  >  Commercial Loans   May 27, 2011  
  Likes: 1

The Monetary Scale Of Small Business Loans for Women
Equality has come of age and for this reason, the two genders are on the same platform: commerce. It is no wonder then that small business loans for women are fashioned from the belief that, like any other undertaking, enterprises operated by the fairer sex need a boost for they…
By: shakilurr in  Finance  >  Personal Loans   Apr 06, 2012  
  Likes: 0

Essential Checklist For Starting A Small Business
It’s a moment of liberation. Your dreams have come true — you’re starting your small business. But are you doing it the right way? There are certain precautions you can take to avoid transforming your small business from a dream to a devastating financial hole. One of the most important…
By: findul in  Business  >  Marketing   Jul 13, 2012  
  Likes: 0

Finding Love In New York City is Easy With Craigslist!
It's no secret that New York City is a huge place. It can be quite intimidating to someone who has newly relocated to the area and doesn't know anyone. And these days, it's hard to trust meeting anyone over the internet. With so many horror stories swirling around the issue,…
By: Makowski Piotr Dariusz in  Business  >  Franchising   Feb 29, 2016  
  Likes: 0

PCD Pharma Franchise In India - Here's A Quick Way to Franchise
India is one of the global leaders of the pharmaceutical industry. Being the third-largest in terms of volume and 14th in terms of value in the world, the country has a pharmaceutical industry that has the value of more than 20 billion US dollar. The export of pharmaceutical products is…
By: Aditya Bhushan in  Business  >  Franchising   Nov 22, 2013  
  Likes: 4

Relax Yourselves With Mobile Massage In BC
Massage is one of the most booming businesses in this era. It earlier used to be considered a thing of luxury, however with the changing times it has moved out of the four walls of health club and luxury spas. These days massage therapies are extensively offered in hospitals, airports…
By: Nathaniel Hilson in  Business  >  Franchising   Jun 02, 2014  
  Likes: 0

A Comprehensive Guide on Franchising Your Business
A number of people dream of having their own business and being their own boss. But the process is daunting- managing investment, hiring employees, providing training, and so much more. This is where buying a franchise of a renowned brand comes into picture. Alongside, as a business owner, if you…
By: 1000franchise in  Business  >  Franchising   Oct 09, 2015  
  Likes: 0

Slated to Host 5th Edition Of the Biggest B2b Franchise Expo – Rise - In Chandigarh: Co - founder Naina Bedi
1000 Overseas Franchise Pvt Ltd presents the 5th Edition of RISE in Chandigarh Come and leverage the opportunity to meet the most prospective business owners and investors! June, 2015 New Delhi After the huge success of the 4th edition of RISE at Jaipur, 1000 Overseas Franchise Pvt Ltd is geared…
By: 1000franchise in  Business  >  Franchising   Jun 18, 2015  
  Likes: 0

Pinup Campaigns
However, what the staff of Pinup Campaigns found was that some people fail to help themselves, with Ms. Guzowski stating. “We have people giving us campaigns and basically saying “Here, you said you help promote so make me some money. I wrote the campaign so I’m done” This mentality will…
By: humza in  Business  >  Franchising   Aug 17, 2015  
  Likes: 0

Increasing the Intensity:when to Start Looking at Pro Scooters For Sale
If you’re considering installing new flooring in your older home or you’re trying to choose flooring for a new build, you’re likely thinking about real hardwood floors first. Why? Because everyone loves the warmth and feel of real wood; but in 2015, you can get all the advantages of real…
By: Natasha R. Wing in  Business  >  Franchising   Apr 22, 2015  
  Likes: 0

Franchising Makes Sense to the Savvy Business Owner
In business "but not by yourself" is a very enticing franchisor ploy to a first time entrepreneur. Actually, there are many searsoned business owners who like the franchise option vs going it alone. Maybe there's comfort in being part of a bigger enterprise or a feeling of security or greater…
By: Don Monteith in  Business  >  Franchising   Nov 08, 2011  
  Likes: 0

Sony Vtc4 18650 - An Ideal Rechargeable Battery
You are searching for 18650 batteries, the Sony VTC4 ideal for any application due to the top quality and drain features. Enjoy exceptional, continuous 30amp output without pulsing. You need to a sub-ohm or micro-coil unit, the Sony VTC4 best rechargeable battery to produce the best quality vape. We have…
By: lisajohn390 in  Business  >  Franchising   Feb 16, 2015  
  Likes: 0

Should I Use A Franchise Consultant?
Buying a franchise can be a daunting task. Researching the thousands of franchise opportunities available can be both time-consuming and costly. Franchise consultants can help in this search, doing most of the work for you. But sometimes I hear or read negative talk about franchise consultants. In full disclosure, I…
By:  in  Business  >  Franchising   Nov 02, 2011  
  Likes: 2

Article Views: 1988    Report this Article