Becoming A New Franchise Owner

Posted by digiadmin on December 15, 2021

The American economy is full of ambitious folks who are becoming new franchise owners. Even some of the most experienced business professionals are turning to this ever-expanding means of success for a better way to make money and serve their markets. Does this sound like you?

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In this post, let’s look at ways you can motivate yourself to become a franchise business owner and take advantage of this red-hot entrepreneurial trend.

What Motivates You To Get Into Franchising?

Well, the good news is there are many reasons. Here is some statistical evidence for you to ponder.

  • There are more than 750,000 franchise establishments in the U.S. as of December 7, 2021.
  • Are you worried about whether your franchise business will fail? Then consider that the turnover rate in franchising is no worse than 18%, and usually much better than that for well-vetted franchise systems. That’s minuscule contrasted with the high turnover in sole proprietorships.
  • Many of the most familiar businesses you probably patronize regularly are franchises. That means YOU can own of them. This includes the fast-expanding 7-11 gas stations (with only a $10,000 start-up cost), Club Pilates, Great Clips, and more.
  • The entrepreneurial spirit is very deep in the soul of most Americans. You see this prominently in our youth. Some 70% of high-school students want to own a business. You’re not alone in wanting to break free of conventional employment. That mentality is the norm, NOT the exception.

Harness Your Fear & Make It Happen!

Others have made the fascinating point that you can harness your fear and trepidation to further focus your franchising quest. Fear is a powerful tool when you use it to motivate rather than debilitate.

For example, instead of fearing business failure (since the franchise turnover rate is rather low), be afraid of not living up to your full potential. What happens if you don’t take advantage of a brilliant idea or opportunity, only to find yourself regretting it later when it’s no longer available?

Moreover, you can use fear to work faster and more effectively. Everybody is worried about missing deadlines. Why not take that concern and allow it to motivate you to wake up earlier in the morning, thus becoming more productive? Fear can make you undisciplined and paralyzed, or it can serve you to push harder, take calculated risks, and do more with your life than the standard employer/employee job model.

FranSave hopes this serves as an extra dose of motivation to help propel you closer to launching your own franchise business. Can you tell mindset is everything? Mindset, motivation, and mentorship (3 M’s) are critical in your path to success? If you wish to explore that last M, mentorship, then we would love to help fulfill that. Call us any time at 844-476-7776 to discover how we get franchisees past their fears, matched with franchisors and on the road to success.

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This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.

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