Are You Looking To Start Your Own Business? Wonderful News!
Starting and running your own business can be a genuinely fulfilling and fantastic experience. But as with anything, there are certain downsides to owning a business that you should consider before actually doing it.
Choosing to go it alone means taking on all the risks associated with it, mainly financial. Not only that, but you put in arduous work to make the business model and plan successful.
Considering these risks, here’s why we suggest franchising as an option.
Don’t Go It Alone, Franchise Instead
We don’t want to deter you from the business world but inform you of the advantages of franchising and the benefits of self-employment. We greatly encourage people to run a business, but going it alone isn’t the only option anymore.
Let’s explore the advantages of franchising as they relate to the downsides of going it alone in business:
The Business Model is Ready and is Proven to Work
One great advantage of franchising is that the business model and plan are already established and have a proven track record. This comes to an excellent benefit for you because all the hard work of getting a business off the ground is complete. All that’s left is for you to take the reins and run the day-to-day business.
Low Risk and High Reward
It takes a lot of money and time to get a business up and running from scratch. An advantage to franchising is that the risks tend to be lower than if you were staking everything on an idea that may not prove successful. By nature, franchises are successful and choosing to open one means seeing higher returns faster while risking much less.
Successful Brand and Marketing
Starting a new career with a franchise means having an established presence before you even open your doors. The brand and marketing are proven to be successful, meaning just knowing your franchise is in town are often enough for consumers to come flocking to your doors. The work required of getting a new business branding that is well-known and successful is arduous and not necessary with a franchise and its name recognition.
Franchise Owners Receive Industry Training
Experience is a definite bonus to have when venturing into the business world, but it’s not always possible. Thankfully, one of the advantages of franchising is experiencing the privilege of training before starting your franchise ownership and throughout your career. The training shows you the ropes and teaches the ways of the franchise, what the industry is all about, how to keep on top of current trends and how to make the business (and you!) a success.
One unrtunate truth is that financing your new business can be difficult. Going it alone means having to come up with the cost all on your own or with the help of a bank. With a franchise, however, there are financing options available to help you get the business to succeed and improve your career.
Support Where You Need It
Running a business alone can be a lonely venture, especially when times get tough. With a franchise, you’re never alone. Franchising allows for entrepreneurship with support which means there’s always a team behind you ready to assist. It’s well worth franchising to help you gain your footing in the business world. Perhaps franchising is the stepping stone you need to build your own business in the future. Even still, franchising is an excellent opportunity for anyone looking to have a career in business.
Building a solo business means starting from the bottom and somehow making your way to the top. It’s possible, but it’s hard work. Part of building a successful business is having the right connections and building good relationships. Going it alone is like treading open water with no map.
With a franchise, the map is provided — and you’ve got a fancy boat, too. You’ll have several resources and connections open to you from day one that would otherwise be elusive. Franchises want their owners to be successful, so they’ll exhaust every option to ensure their success equals your success.
What's The Right Industry To Franchise In?
Now that you’ve read about the advantages of franchising, consider what industry interests you. What is it that makes you happy? What would you like to do as a long-term career?
Have you been wondering if there are any pet care options available? Franchises like Wag N' Wash are great opportunities for those interested in animals and the pet care industry.
A Look At The Industry:
There are 47.2 Million Cats in the United States and 63.4 Million dogs.
68% of all U.S. households have pets.
Since 2011, spending on pets has increased by 7% annually.
Worldwide, $95.7 Billion was spent on pets in 2019 alone.
People love their pets and are willing to spend the money necessary to take care of and pamper them.
Wag N' Wash’s average gross sales were $1,519,199.
"The industry was begging for a local & personal approach to pet care. We successfully answered that call."
Dan and Jef
The Pet Industry Net Worth in 2020
Average Ticket Price
Estimated Net Margins: Grooming
Average Gross Revenue
$425,050 – $789,350*
*Refer to 2021 Franchise Disclosure Document Item 19
Advantages Of Franchising! A Wagging Good Time To Be Had!
Franchising with Wag N' Wash is just the opportunity for you if you love pets and desire to be part of the booming pet industry. Experiencing the advantages of franchising is mere steps away.
We'd love to be a part of your career and for you to be a part of our success. Contact us today to begin your journey with Wag N' Wash!