Women-owned franchises have been soaring in popularity in the past decade or so, and this trend is not showing signs of stopping any time soon. Why are so many women starting franchises? The answers boil down to greater financial security and more freedom and flexibility in day-to-day life.
In 2020, there was a slowing down of new franchises opening up, and women more so than men were being demanded in the domestic sphere to take care of children and elderly parents. However, in 2021, this seems to be turning back around, as women are realizing the vast benefits of running their own franchise business.
Owning your own franchise business means financial security and a nest egg you can rest easy on for the future. Women franchise owners earn an average of $95,000 a year, versus other women in the same demographics who work as employees, who make about half this much on average. And unlike some other jobs, the longer you own a franchise, the more equity and cash flow you build. You are your own boss, and the success of your business and the amount you earn is not limited by others.
This Mother’s Day, when the family has gathered in person or virtually, consider bringing up the option of starting a family business, perhaps with mom as a boss. What better present to give mom this Mother’s Day than the gift of financial independence and work-life balance.
If mom is looking for a career change and dreams of being her own boss, FranSave can help make her dreams come true.
Is mom great with engaging and advising other people? Maybe a consulting firm franchise would be a strong fit for her. Did mom go to cosmetology school years ago, and now she misses styling hair? Then perhaps starting a hair salon franchise is perfect for her! Is mom a health nut always whipping things up in the blender? Then maybe a yoga franchise is just what the doctor ordered. And if mom has always been a boss when it comes to keeping a clean house, then encourage her to start her own cleaning service franchise! Whatever interests and experiences mom may have, FranSave can help her pick the right one and guide her along the entire process.
If you have any questions, please feel free to contact FranSave at 844.476.7776.
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.